Hey All,
I just had 2 questions I was hoping to clarify.
1 - In a joint ownership how do the banks view it if one person has great credit and the other not so good. I for example have perfect credit and my wife has a heap of enquiries and 1 default. Would they be lenient on the bad credit as it also involves my good credit? I would never want to use say a pepper because of the high %. But my serviceability would be around 450 and my wife similar.
2 - I have read all about CC and why it should be avoided but let us say you own 4 IP's and you want to buy another requiring a 40k deposit. Each of your 4 IP's has 10k equity to draw. How is this done whilst avoiding CC?
I just had 2 questions I was hoping to clarify.
1 - In a joint ownership how do the banks view it if one person has great credit and the other not so good. I for example have perfect credit and my wife has a heap of enquiries and 1 default. Would they be lenient on the bad credit as it also involves my good credit? I would never want to use say a pepper because of the high %. But my serviceability would be around 450 and my wife similar.
2 - I have read all about CC and why it should be avoided but let us say you own 4 IP's and you want to buy another requiring a 40k deposit. Each of your 4 IP's has 10k equity to draw. How is this done whilst avoiding CC?