Search found 34 matches

by Bruce
Tue Jan 20, 2015 2:13 pm
Forum: Home Loan Forum
Topic: How does a foreigner get a mortgage in Australia?
Replies: 7
Views: 6179

Re: How does a foreigner get a mortgage in Australia?

Thank you for the prompt reply, Otto. I will need to talk to my employer about this.
by Bruce
Tue Jan 20, 2015 12:11 pm
Forum: Home Loan Forum
Topic: How does a foreigner get a mortgage in Australia?
Replies: 7
Views: 6179

Re: How does a foreigner get a mortgage in Australia?

Hello everyone!

I want to get a mortgage in Australia. How does a foreigner prove his income while applying for a mortgage with an Australian bank?
by Bruce
Fri Oct 17, 2014 1:44 pm
Forum: Home Loan Forum
Topic: Would I qualify for a discount on my home loan?
Replies: 7
Views: 5807

Re: Would I qualify for a discount on my home loan?

Well, I will call you up to confirm if it will be possible for me to have my LMI waived. By the way, thanks for providing explanation on LMI. Cheers!
by Bruce
Fri Oct 17, 2014 11:01 am
Forum: Home Loan Forum
Topic: Would I qualify for a discount on my home loan?
Replies: 7
Views: 5807

Re: Would I qualify for a discount on my home loan?

Hello brokers, I too am an optometrist and I was going through this forum thread. Actually I want to know a bit about LMI. I’m not really sure what this means. Can you tell me a bit about this please?
by Bruce
Thu Aug 28, 2014 4:00 pm
Forum: Home Loan Forum
Topic: Do accountants get loan discounts like other professionals?
Replies: 7
Views: 6475

Re: Do accountants get loan discounts like other professiona

Getting a discount on the interest rate would help a great deal even if I ended up paying the LMI. Well, I will call you guys and discuss about my application in more detail. Thanks for your answer! Bye and speak to you soon. :)
by Bruce
Thu Aug 28, 2014 2:00 pm
Forum: Home Loan Forum
Topic: Do accountants get loan discounts like other professionals?
Replies: 7
Views: 6475

Re: Do accountants get loan discounts like other professiona

Do I need to meet additional criteria to be approved for a loan and receive the above discounts?
by Bruce
Thu Aug 28, 2014 11:00 am
Forum: Home Loan Forum
Topic: Do accountants get loan discounts like other professionals?
Replies: 7
Views: 6475

Do accountants get loan discounts like other professionals?

Hello! I am planning on buying a house worth $550,000 and I need to borrow around $500,000 to complete the purchase. Although I do have a bit of savings, it’s won’t be enough and so I cannot afford to borrow less than $500k. Does this mean I would end up paying high LMI fee? I am an accountant and I...
by Bruce
Fri Aug 15, 2014 2:44 pm
Forum: Home Loan Forum
Topic: Reasons why my loan can get declined
Replies: 7
Views: 6463

Re: Reasons why my loan can get declined

I am glad that my friend recommended this forum to me. I am positive that if you will help me find a suitable lender, then I will be living in my own house in a few months. I will give you a call within a few days to get started on the application process.
by Bruce
Fri Aug 15, 2014 12:15 pm
Forum: Property Investment Forum
Topic: How can we increase our borrowing capacity?
Replies: 7
Views: 34620

Re: How can we increase our borrowing capacity?

Thanks, Otto! We looked through your website and learned a lot. We’re planning on calling you by tomorrow to discuss our loan and personal situation. Have an awesome day :D
by Bruce
Thu Aug 14, 2014 1:22 pm
Forum: Home Loan Forum
Topic: Reasons why my loan can get declined
Replies: 7
Views: 6463

Re: Reasons why my loan can get declined

Thank you for such a detailed explanation. I am just 20 and earning well. I have also been making my personal loan repayments on time. I am starting to feel confident that my home loan application will be approved. Is there any way that I can make sure that a lender does not reject my loan?
by Bruce
Thu Aug 14, 2014 12:05 pm
Forum: Property Investment Forum
Topic: How can we increase our borrowing capacity?
Replies: 7
Views: 34620

Re: How can we increase our borrowing capacity?

Hi Otto,

We’d forgotten to mention that we are planning on investing in the house as joint owners. We’re glad that this will help us increase our borrowing capacity. Can you now tell us how the banks will assess our loan application for joint ownership of an investment property?
by Bruce
Wed Aug 13, 2014 7:18 pm
Forum: Home Loan Forum
Topic: Reasons why my loan can get declined
Replies: 7
Views: 6463

Reasons why my loan can get declined

Hey there, I work as a firefighter in Salem and earn $53,000 annually. I have saved up quite a bit for the past two years. I believe that I will be ready to buy a home within a month or two but I am worried that my loan will be rejected by the banks. I am worried because I have some friends who have...
by Bruce
Wed Aug 13, 2014 12:12 pm
Forum: Property Investment Forum
Topic: How can we increase our borrowing capacity?
Replies: 7
Views: 34620

How can we increase our borrowing capacity?

Hi, My wife and I have been planning on investing in a house located in Normanton. We have sufficient savings but we still need to take out an investment loan. Our joint yearly income sums up to around $120,000 and we know that we can afford the loan. We want to borrow as much as we can. Is there an...
by Bruce
Tue Jul 29, 2014 3:33 pm
Forum: Home Loan Forum
Topic: What fees should I pay for while buying a house?
Replies: 7
Views: 6561

Re: What fees should I pay for while buying a house?

Well, that’s a good news. I have been meaning to borrow no more than 80 to 85%. Will figure out how much I really need to borrow and check the LMI calculator as well just in case. I’ll give you a call in a few days after that. By the way, thanks for your help.
by Bruce
Tue Jul 29, 2014 1:15 pm
Forum: Home Loan Forum
Topic: What fees should I pay for while buying a house?
Replies: 7
Views: 6561

Re: What fees should I pay for while buying a house?

Well, how much will I need to pay for the LMI on the loan?