Search found 7021 matches

by Otto Dargan
Thu Sep 13, 2018 6:19 pm
Forum: Home Loan Forum
Topic: Can a developer change the design in off the plan properties?
Replies: 4
Views: 3963

Re: Can a developer change the design in off the plan properties?

Hi McCartney, Yes, it’s true that banks have tightened the lending regulations due to over-supply of the off the plan properties in the market. With this loan, you may be able to borrow: ⋅ Up to 105% of the property value with a guarantor . ⋅ Up to 95% of the property value for t...
by Otto Dargan
Thu Sep 13, 2018 6:18 pm
Forum: Home Loan Forum
Topic: What benefits can I get by consolidating my debts in my home loan?
Replies: 4
Views: 2806

Re: What benefits can I get by consolidating my debts in my home loan?

Hi Eureka, You can borrow up to: ⋅ 90% Loan To Value Ratio (LVR) if you have a clean credit file and all of your repayments have been on time. ⋅ 80% of the property value if you have missed payments but, overall, are repaying your debts. ⋅ 75% of the property value if y...
by Otto Dargan
Thu Sep 13, 2018 6:17 pm
Forum: Home Loan Forum
Topic: An expat returning to Australia looking for a home loan?
Replies: 4
Views: 2852

Re: An expat returning to Australia looking for a home loan?

Hi tornbull , Usually, the interest rate of your mortgage shouldn’t be affected by your employment. However, in your case, since the choice of the lenders is limited, the downside may be the interest rate. Even if you pay a higher interest rate now, you can refinance your home loan to a lender with ...
by Otto Dargan
Thu Sep 13, 2018 6:17 pm
Forum: Home Loan Forum
Topic: How do banks calculate my living expenses for my mortgage application?
Replies: 4
Views: 2831

Re: How do banks calculate my living expenses for my mortgage application?

Hi Nicolson, Most lenders use the same basic formula when calculating your borrowing power . However, there can be a lot of variation in the way they assess your expenses, with some lenders require adding a buffer that seriously impacts the final amount you’re eligible to borrow. They have the formu...
by Otto Dargan
Thu Sep 13, 2018 6:16 pm
Forum: Home Loan Forum
Topic: Has NAB stopped doing family guarantee home loans?
Replies: 4
Views: 2802

Re: Has NAB stopped doing family guarantee home loans?

Hi Stokesy, Yes, you can use a debt consolidation guarantee and consolidate some minor debts, such as your credit card debt, into your mortgage. By using the guarantor option, the bank is willing to lend up to 105% of the property value to cover stamp duty, conveyancing fees, home loan set up costs ...
by Otto Dargan
Thu Sep 13, 2018 3:29 pm
Forum: Home Loan Forum
Topic: Can a developer change the design in off the plan properties?
Replies: 4
Views: 3963

Re: Can a developer change the design in off the plan properties?

Hi McCartney, Welcome to the forum. In case of off the plan properties , developers reserve the right to make variations to the design and, in most cases, these properties come with a “tolerance percentage” for variations, such as 5 to 10 per cent. Most off the plan contracts provide for changes con...
by Otto Dargan
Thu Sep 13, 2018 3:28 pm
Forum: Home Loan Forum
Topic: What benefits can I get by consolidating my debts in my home loan?
Replies: 4
Views: 2806

Re: What benefits can I get by consolidating my debts in my home loan?

Hi Eureka, Welcome to the forum. Yes, you can consolidate your other debts in your current home loan if you meet the following criteria: ⋅ On time home loan repayments for the past six months. ⋅ On time credit card and personal loan repayments for the past three months. ⋅&nb...
by Otto Dargan
Thu Sep 13, 2018 3:27 pm
Forum: Home Loan Forum
Topic: An expat returning to Australia looking for a home loan?
Replies: 4
Views: 2852

Re: An expat returning to Australia looking for a home loan?

Hi tornbull, Home loan for new employees isn’t seen as reliable by most of the banks. Fortunately, not all think the same way. One of our lenders can accept the contract you have in place with your new employer rather than requiring you to provide your first payslip before considering your applicati...
by Otto Dargan
Thu Sep 13, 2018 3:26 pm
Forum: Home Loan Forum
Topic: How do banks calculate my living expenses for my mortgage application?
Replies: 4
Views: 2831

Re: How do banks calculate my living expenses for my mortgage application?

Hi Nicolson, Living expense is one of the several factors that may affect your borrowing power. When calculating your borrowing power, lenders treat living expenses differently and if you have a big family, this makes a huge difference. This living expenses calculator takes your income and expenditu...
by Otto Dargan
Thu Sep 13, 2018 3:25 pm
Forum: Home Loan Forum
Topic: Has NAB stopped doing family guarantee home loans?
Replies: 4
Views: 2802

Re: Has NAB stopped doing family guarantee home loans?

Hi Stokesy, Yes, you're right about NAB . The lending policy around their family guarantee loan has changed significantly: ⋅ The guarantor's property must be an investment property that they own and not their family home. ⋅ Secondly, NAB is no longer accepting second home buyers,...
by Otto Dargan
Mon Jul 23, 2018 8:59 pm
Forum: Home Loan Forum
Topic: Will the tax agreement be an issue while applying for a home loan?
Replies: 4
Views: 4930

Re: Will the tax agreement be an issue while applying for a home loan?

Hi Ajjary, Foreign debt is usually assessed at Australian interest rates which may sometimes be higher than what you’re paying in Switzerland. Speak with one of our expat specialists by calling us on +61 2 9194 1700 or by completing our free online assessment form and let us help you find a suitable...
by Otto Dargan
Mon Jul 23, 2018 8:58 pm
Forum: Home Loan Forum
Topic: Do different tax rates in Thailand and Australia affect my borrowing power?
Replies: 4
Views: 4302

Re: Do different tax rates in Thailand and Australia affect my borrowing power?

Hi Holocene, Your borrowing capacity could be affected by several other factors such as exchange rate fluctuations, foreign tax rates, negative gearing benefits and repayments on foreign debts. Most lenders will use: ⋅ Somewhere between 60% and 90% of your actual income. ⋅ Austra...
by Otto Dargan
Mon Jul 23, 2018 8:57 pm
Forum: Home Loan Forum
Topic: Can a Kiwi use NZ inherited property as a deposit to buy a property in Australia?
Replies: 4
Views: 4276

Re: Can a Kiwi use NZ inherited property as a deposit to buy a property in Australia?

Hi pAppON, If you are a New Zealand citizen and are a first home buyer then you are eligible to get a First Home Owners Grant (FHOG) . FHOG can be very useful for first home buyers like you and can help you in reducing the deposit needed for the mortgage. Lenders will usually ask 10% of the purchase...
by Otto Dargan
Mon Jul 23, 2018 8:56 pm
Forum: Home Loan Forum
Topic: Home Loans for Australian citizen in Indonesia
Replies: 4
Views: 4382

Re: Home Loans for Australian citizen in Indonesia

Hi blimey, Foreigners who would like to invest or buy a home in Australia are required to obtain approval from Foreign Investment Review Board (FIRB) . Since you’re an Australian citizen, FIRB approval is not required even if you are buying with a spouse who is not an Australian citizen. Foreigner s...
by Otto Dargan
Mon Jul 23, 2018 6:32 pm
Forum: Home Loan Forum
Topic: Will the tax agreement be an issue while applying for a home loan?
Replies: 4
Views: 4930

Re: Will the tax agreement be an issue while applying for a home loan?

Hi Ajjary, Welcome to the forum. Yes, Australian expats in Switzerland can get a home loan and they can get the same interest rates and discounts as Australian citizens. Australian citizens and permanent resident (PR) visa holders living in Switzerland may be able to borrow up to 90% of the property...

Go to advanced search