506 buying your next place, refinancing when self employed, securing mortgages over 40 + more
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Your Age and Exit Strategy
If you've got a defined benefit scheme that will be paying 80% of your salary that's your exit strategy. Some banks say well look even if you're 70 i don't care how great your exit strategy is we're not going over a 20 year loan term and some banks will say we'll give you a 30 year loan term at 80 as long as you'veGot a sufficient exit strategyYeah well so an example someone at 60 to 30 year loan 90 unlikely that they'll be alive at that stage the most average age is unfortunately 85 of death in australia so we'll take the average for this article. No, regardless whether it's own or ocar investment you're on p
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