Search found 46 matches

by arnie
Fri Feb 20, 2015 2:25 pm
Forum: Home Loan Forum
Topic: What is LVR?
Replies: 7
Views: 5117

Re: What is LVR?

Thank you so much. The LMI calculator does give me a clearer idea of how much LMI I would have to pay. Now I also understand that it can vary according to other factors beside LVR. I will definitely call you to understand more about it now that I have decided to purchase the house I have been lookin...
by arnie
Fri Feb 20, 2015 12:11 pm
Forum: Home Loan Forum
Topic: What is LVR?
Replies: 7
Views: 5117

Re: What is LVR?

Hey there,

I live in New South Wales and I recently found a place that is near my workplace. It is valued at $800,000. I was going through this thread and found that you were talking about LMI. I was trying to find out how much LMI I would have to pay if I borrow 90% LVR. Could anyone help me?
by arnie
Wed Dec 31, 2014 2:34 pm
Forum: Home Loan Forum
Topic: Can I get a mortgage as a part time worker?
Replies: 7
Views: 5471

Re: Can I get a mortgage as a part time worker?

Thank you for the clarification. Your reply is really helpful to me. Cheers!
by arnie
Wed Dec 31, 2014 12:11 pm
Forum: Home Loan Forum
Topic: Can I get a mortgage as a part time worker?
Replies: 7
Views: 5471

Re: Can I get a mortgage as a part time worker?

Hi home loan experts! I am a part time worker, too. I want to buy a house worth $430,000 and I have around $120,000 available for the deposit. My income has increased recently and I believe I can afford the loan repayments comfortably. However, I learned from this thread that I may need an employmen...
by arnie
Mon Dec 15, 2014 7:39 pm
Forum: Home Loan Forum
Topic: How much can a Japanese borrow for a house in Australia?
Replies: 7
Views: 4622

Re: How much can a Japanese borrow for a house in Australia?

I was worried that my application would get caught in red tape. If getting the approval takes just 15 days then it may not be much of a hassle. Thanks.
by arnie
Sat Dec 13, 2014 8:17 am
Forum: Home Loan Forum
Topic: How much can a Japanese borrow for a house in Australia?
Replies: 7
Views: 4622

Re: How much can a Japanese borrow for a house in Australia?

Hi everyone,

I am also thinking of buying a house. But I didn’t know about FIRB approval. Could someone tell me more about this?
by arnie
Tue Dec 02, 2014 4:44 pm
Forum: Home Loan Forum
Topic: Home loan discounts for Australian Defence Force members
Replies: 7
Views: 4242

Re: Home loan discounts for Australian Defence Force members

Glad to know that some banks accept allowances as my income. I will give you guys a call and talk about my options.

Regards,
arnie
by arnie
Tue Dec 02, 2014 2:11 pm
Forum: Home Loan Forum
Topic: Home loan discounts for Australian Defence Force members
Replies: 7
Views: 4242

Re: Home loan discounts for Australian Defence Force members

Hi everyone,

I am also an ADF personnel and I wanted to borrow to buy a home. However, my bank will not accept my allowances as my income. What can I do?
by arnie
Thu Nov 13, 2014 1:12 pm
Forum: Home Loan Forum
Topic: How much can I borrow for investment property?
Replies: 7
Views: 5020

Re: How much can I borrow for investment property?

Thank you for your comprehensive response. I will talk about this with my wife and get back to you soon.

Cheers,
arnie
by arnie
Thu Nov 13, 2014 12:11 pm
Forum: Home Loan Forum
Topic: How much can I borrow for investment property?
Replies: 7
Views: 5020

Re: How much can I borrow for investment property?

Thanks for the reply, Otto. I live in Sydney with my wife. I earn $80,000 per year while my wife brings in another $60,000 from her job. We have saved around $40,000 in our offset account. I am planning to buy a new property worth about $800,000. I had purchased the house in Sydney four years back f...
by arnie
Thu Nov 13, 2014 11:23 am
Forum: Home Loan Forum
Topic: How much can I borrow for investment property?
Replies: 7
Views: 5020

How much can I borrow for investment property?

Hi everyone,

I am thinking of investing in a new home. However, I will not be able to put much amount for the deposit on my new purchase. So I would like to know how much banks will lend to me. Could someone tell me if I could borrow 95% LVR for my new investment?
by arnie
Tue Sep 30, 2014 12:00 pm
Forum: Home Loan Forum
Topic: How do banks assess trust applications?
Replies: 7
Views: 4891

Re: How do banks assess trust applications?

I was having a tough time finding reliable information but your website makes it quite simple. I plan on calling you and have suggested my friends to do that as well. Thanks for the info.

Have a good day :)
by arnie
Mon Sep 29, 2014 5:20 pm
Forum: Home Loan Forum
Topic: How do banks assess trust applications?
Replies: 7
Views: 4891

Re: How do banks assess trust applications?

I have friends who are trustees of different types of trusts. They are also interested in getting a trust loan but are not sure if their applications will be approved. Can you provide me with a list of the types of trusts that are allowed to borrow money?
by arnie
Mon Sep 29, 2014 1:44 pm
Forum: Home Loan Forum
Topic: Can engineers receive home loan discounts?
Replies: 7
Views: 4411

Re: Can engineers receive home loan discounts?

Oh okay, sounds like a good option. Thanks for letting me know about this type of loan. Will need to talk through this option with a few potential guarantors. I‘ll get back to you on this after a few days. Bye.
by arnie
Mon Sep 29, 2014 11:12 am
Forum: Home Loan Forum
Topic: Can engineers receive home loan discounts?
Replies: 7
Views: 4411

Re: Can engineers receive home loan discounts?

Hey, I graduated with an engineering degree about two and a half years and ago and I have been working in this filed ever since. Right now, I earn about $55,000 a year. I am planning on buying a property and I wanted to know what types of engineers are usually eligible for home loan discounts. I was...

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