Search found 65 matches

by otea
Wed Feb 04, 2015 12:46 pm
Forum: Home Loan Forum
Topic: How much can a foreigner borrow for a mortgage?
Replies: 7
Views: 12120

Re: How much can a foreigner borrow for a mortgage?

Thank you for taking the time to explain things to me. Cheers!
by otea
Wed Feb 04, 2015 11:23 am
Forum: Home Loan Forum
Topic: How much can a foreigner borrow for a mortgage?
Replies: 7
Views: 12120

Re: How much can a foreigner borrow for a mortgage?

Hi everyone!

I am an Indonesian and I was thinking of investing in an overseas property. One of my suggested that I invest in Australia, and he directed me to this forum. However, I am not aware of a single thing about the Australian property market. i would be grateful for ANY info about investing in an Australian property.
by otea
Fri Dec 19, 2014 8:10 pm
Forum: Home Loan Forum
Topic: What are the tax implications when inheriting a property?
Replies: 7
Views: 11576

Re: What are the tax implications when inheriting a property

Hey, Otto. Thanks for such an informative reply :)

I’ll talk to my family and get their views on the matter. I’ll give you a call if I have any more issues on the matter or if I decide to go forward with the mortgage.
by otea
Fri Dec 19, 2014 1:03 pm
Forum: Home Loan Forum
Topic: What are the tax implications when inheriting a property?
Replies: 7
Views: 11576

Re: What are the tax implications when inheriting a property

Hey, I am sharing the inheritance with two of my siblings. I want to keep the property but they want to sell it. Is there a way for me to get full ownership of the property?
by otea
Thu Dec 18, 2014 3:20 pm
Forum: Home Loan Forum
Topic: What are the tax implications when inheriting a property?
Replies: 7
Views: 11576

What are the tax implications when inheriting a property?

Hey everyone,

My grandfather passed away recently and as per his will I am inheriting part of his property. I thought it would be easy but I learned that there would be some taxes implicated on the inheritance. Can anyone give me an idea about these tax implications?
by otea
Thu Nov 27, 2014 11:11 am
Forum: Home Loan Forum
Topic: Tell me something about a mine subsidence home loan
Replies: 7
Views: 10771

Re: Tell me something about a mine subsidence home loan

Oh, so that’s why! I want to borrow at least 90% of the property value but I’m not sure if we have that many people in our town. I want to understand more, which is why I’ll be calling you by the end of the day. Talk to you soon.
by otea
Wed Nov 26, 2014 12:34 pm
Forum: Home Loan Forum
Topic: Tell me something about a mine subsidence home loan
Replies: 7
Views: 10771

Re: Tell me something about a mine subsidence home loan

Hello everyone!

I also wanted to take out a mine subsidence home loan but I’ve been told that I could face much hardship because of the location of my property. I’m not sure whether what it is true or not. Can anyone tell me why I may have difficulty taking out a mortgage because of the location of my property?
by otea
Tue Nov 25, 2014 4:11 pm
Forum: Property Investment Forum
Topic: Is the cost of property investment in Australia rising?
Replies: 7
Views: 64838

Re: Is the cost of property investment in Australia rising?

Thanks for the response Otto. I will have to talk to my accountant and I will contact you if I need more information.
by otea
Tue Nov 25, 2014 12:54 pm
Forum: Property Investment Forum
Topic: Is the cost of property investment in Australia rising?
Replies: 7
Views: 64838

Re: Is the cost of property investment in Australia rising?

Hi Otto,

You have said that investors may be limited to borrowing 90% of LVR in the future. Can I borrow more as of now?
by otea
Wed Oct 08, 2014 1:43 pm
Forum: Commercial Loan Forum
Topic: How to get a commercial loan without much proof of income?
Replies: 7
Views: 18381

Re: How to get a commercial loan without much proof of incom

Thank you for the clarification, Otto. I will call you guys soon in order to discuss my application. Cheers!
by otea
Wed Oct 08, 2014 11:54 am
Forum: Commercial Loan Forum
Topic: How to get a commercial loan without much proof of income?
Replies: 7
Views: 18381

Re: How to get a commercial loan without much proof of incom

Hi Otto,

Thank you for the information. It would of course be better if I am able to borrow more at a reduced interest rate! Could you tell me how it would be possible with forecasts and interim financials?
by otea
Wed Oct 08, 2014 10:12 am
Forum: Commercial Loan Forum
Topic: How to get a commercial loan without much proof of income?
Replies: 7
Views: 18381

How to get a commercial loan without much proof of income?

Hi everyone,

I am a professional trainer and I travel all over Australia for my job. I want to set up a new office and there is this property in Sydney that would be suitable for me. Due to the nature of my job, I do not have all the evidence of my income, which is roughly $80,000 per annum.

However, I am worried that I may miss out on the property if I spend time arranging the required documents. Is there any way that I can get a loan in this situation? Could anyone tell me how much may I be able to borrow?
by otea
Tue Sep 16, 2014 7:49 pm
Forum: Home Loan Forum
Topic: Will banks lend to an agency worker?
Replies: 7
Views: 10785

Re: Will banks lend to an agency worker?

Great website! It really helped me understand a lot. I’ll continue going through it for now and I’ll give you a call by the end of this week.
by otea
Tue Sep 16, 2014 11:32 am
Forum: Home Loan Forum
Topic: Will banks lend to an agency worker?
Replies: 7
Views: 10785

Re: Will banks lend to an agency worker?

Hi all,

I’m an agency worker and I want to take out a 90% LVR home loan. I understand that agency workers may have a tough time getting approved for such a loan. How do you think the banks will approve my loan application?
by otea
Wed Aug 20, 2014 7:31 pm
Forum: Home Loan Forum
Topic: When is property valuation not necessary?
Replies: 7
Views: 11085

Re: When is property valuation not necessary?

That’s great! I didn’t realise just how much a DUA could help speed up the loan approval process. I checked out your website and it’s simply marvelous. Thanks for everything. Have a good day.