Employment Status & Home Loan Questions

A place for properties in the countryside
starting_the_dream
Posts: 49
Joined: Mon Jul 30, 2018 2:18 pm
Has thanked: 30 times
Been thanked: 90 times

Re: Employment Status & Home Loan Questions

Post by starting_the_dream »

I’ll add my takeaway is that mortgages for these properties are more like personal loans as the value of the property is likely to decrease in the medium term in spite of renovations. They collected documents on the property but didn’t seem to really care about or look into possible future value etc. More concerned about income.
Agree 100%.