Search found 45 matches

by Pooh_Bear
Wed Mar 04, 2015 4:19 pm
Forum: Home Loan Forum
Topic: What are bank bill loans?
Replies: 7
Views: 11620

Re: What are bank bill loans?

Now I can make an informed decision. Thank you, Otto!
by Pooh_Bear
Wed Mar 04, 2015 3:10 pm
Forum: Home Loan Forum
Topic: What are bank bill loans?
Replies: 7
Views: 11620

Re: What are bank bill loans?

Hello there,

I live in Launceston and was looking to apply for a commercial loan. I want to weigh my options before deciding what kind of commercial loan I should apply for. Could anyone in this forum please tell me about the various interest rates charged for commercial loans?
by Pooh_Bear
Wed Dec 24, 2014 4:12 pm
Forum: Home Loan Forum
Topic: Why should I get a guarantor loan?
Replies: 7
Views: 9919

Re: Why should I get a guarantor loan?

Hi Otto, thanks for the information. I will talk to my bank to check whether I can have my guarantee removed.
by Pooh_Bear
Wed Dec 24, 2014 1:11 pm
Forum: Home Loan Forum
Topic: Why should I get a guarantor loan?
Replies: 7
Views: 9919

Re: Why should I get a guarantor loan?

Hi everyone,

I took out a guarantor loan for the house I purchased two years back. My parents were the guarantors and since I am now in a strong financial position, I want to have the guarantee from my parents removed. I do not want to keep the extra liability on the back of their minds. So, how can I remove the guarantee on my home loan?
by Pooh_Bear
Thu Dec 11, 2014 2:01 pm
Forum: Home Loan Forum
Topic: How to get a loan to buy a land for farming purpose?
Replies: 7
Views: 9665

Re: How to get a loan to buy a land for farming purpose?

The property I have selected is about 50 ha and it’s not going to be used for commercial purpose. So great to know that I have a chance of borrowing 95% :). Thanks for your help. Bye!
by Pooh_Bear
Thu Dec 11, 2014 12:12 pm
Forum: Home Loan Forum
Topic: How to get a loan to buy a land for farming purpose?
Replies: 7
Views: 9665

Re: How to get a loan to buy a land for farming purpose?

Hello! Like mynameisSAM, I too am planning on having my own hobby farm. The land I have selected is valued at $400,000. How much will I be able to borrow from the bank to complete the purchase?
by Pooh_Bear
Thu Nov 27, 2014 8:19 pm
Forum: Home Loan Forum
Topic: Concerning additional repayments without break fees
Replies: 7
Views: 10473

Re: Concerning additional repayments without break fees

Oh, I see. Thanks for clearing that up for me. I’ll give you a call by the end of the coming week to learn more. Good night, Otto.
by Pooh_Bear
Thu Nov 27, 2014 11:09 am
Forum: Home Loan Forum
Topic: Concerning additional repayments without break fees
Replies: 7
Views: 10473

Re: Concerning additional repayments without break fees

Hi all,

It’s been a long month of planning but I’m finally going through with the move to Dampier. I want to buy a small house there by taking out a fixed rate home loan in order to finance the purchase. Can anyone tell me how I can get a reliable estimate of my exit fees?

A friend of mine told me that some banks don’t have break fees. Is this for real?
by Pooh_Bear
Mon Oct 20, 2014 2:34 pm
Forum: Home Loan Forum
Topic: Home loan provisions for permanent residents
Replies: 7
Views: 9784

Re: Home loan provisions for permanent residents

Thank you for providing the detailed response, Otto.

Cheers!
by Pooh_Bear
Mon Oct 20, 2014 12:45 pm
Forum: Home Loan Forum
Topic: Home loan provisions for permanent residents
Replies: 7
Views: 9784

Re: Home loan provisions for permanent residents

Could you please explain a bit more about serviceability?
by Pooh_Bear
Mon Oct 20, 2014 11:12 am
Forum: Home Loan Forum
Topic: Home loan provisions for permanent residents
Replies: 7
Views: 9784

Home loan provisions for permanent residents

Hi home loan experts,

My application for permanent residency has recently been approved. I want to buy a house, but I am not sure about the process of applying for a home loan. Could you tell me about the basic things that I should know before applying for a home loan?
by Pooh_Bear
Fri Sep 26, 2014 10:40 am
Forum: Home Loan Forum
Topic: How do I fill in the FHOG application form properly?
Replies: 7
Views: 10838

Re: How do I fill in the FHOG application form properly?

Oh, I see. My deposit was actually composed of my tax refunds and FHOG. I have shares that I’ve held for more than six months so I think I should use them instead. Thanks for all you help, Otto :)
by Pooh_Bear
Thu Sep 25, 2014 10:44 am
Forum: Home Loan Forum
Topic: How do I fill in the FHOG application form properly?
Replies: 7
Views: 10838

Re: How do I fill in the FHOG application form properly?

Hi home loan forum!

I’m also a first home buyer and I recently tried to take out a home loan with a bank. I did have a deposit but the bank told me that the savings needed to be genuine. How can savings be “genuine”?
by Pooh_Bear
Fri Aug 15, 2014 12:55 pm
Forum: Home Loan Forum
Topic: What are the ways to improve a credit score?
Replies: 7
Views: 9523

Re: What are the ways to improve a credit score?

Still not sure if I can apply for this loan. I think it’s best if I speak to you directly about my situation. I will call your office in the next two days.
by Pooh_Bear
Fri Aug 15, 2014 10:01 am
Forum: Home Loan Forum
Topic: What are the ways to improve a credit score?
Replies: 7
Views: 9523

Re: What are the ways to improve a credit score?

Hey guys, I am also about to apply for a home loan and I tried out the credit score calculator on your website. It showed that I had a low credit score. Actually I had missed a couple of payments on my credit card a few years ago. Not sure how long this record will stay on my file for but is there any way I can still get a loan even with a bad credit score?