Search found 41 matches

by liverpool
Mon Jan 19, 2015 2:31 pm
Forum: Home Loan Forum
Topic: Can I get a mortgage in Australia if my wife is Australian?
Replies: 7
Views: 9572

Re: Can I get a mortgage in Australia if my wife is Australi

Getting a guarantor loan seems like a good option if I am able to avoid paying LMI premium. I will discuss it with my wife and her parents and contact you again.

Thanks.
by liverpool
Mon Jan 19, 2015 12:11 pm
Forum: Home Loan Forum
Topic: Can I get a mortgage in Australia if my wife is Australian?
Replies: 7
Views: 9572

Re: Can I get a mortgage in Australia if my wife is Australi

Hi there,

I am a businessman from the US. I have been living with my wife, who is an Australian citizen, for the last 10 years. I have been investing in real estate in many countries and want to buy a property in Sydney valued slightly above $1,000,000.

But when I approached an Australian bank for a loan on the capacity of someone on a permanent spouse visa, I was told that I would need to pay more than $42,000 for LMI premium. To be frank, I find that to be ridiculous and I am thinking of investing somewhere else.

I want to know if there are any ways through which I can avoid paying LMI on the loan.
by liverpool
Thu Dec 18, 2014 3:01 pm
Forum: Home Loan Forum
Topic: Why is it hard for a casual worker to get a home loan?
Replies: 7
Views: 9251

Re: Why is it hard for a casual worker to get a home loan?

Thanks Otto. I’ll be sure to consider all this and, hopefully, come up with the perfect loan type for me. I’ll give you a call by Wednesday to discuss this in detail. Bye.
by liverpool
Wed Dec 17, 2014 12:45 pm
Forum: Home Loan Forum
Topic: Why is it hard for a casual worker to get a home loan?
Replies: 7
Views: 9251

Re: Why is it hard for a casual worker to get a home loan?

Hi all, I’m also a casual worker and I’ve been thinking of getting a home loan to buy a small apartment in Waroona, WA. I heard somewhere that all major types of loans are available for a casual employment home loan. I’m not sure which loan type would be the best option for me. Can anyone help me with this?
by liverpool
Sat Dec 13, 2014 6:55 pm
Forum: Home Loan Forum
Topic: Any tips on how to save a deposit?
Replies: 7
Views: 10293

Re: Any tips on how to save a deposit?

I really didn’t know any of that. I think I’m not in any danger because I checked my accounts, and everything seems fine. Thanks for your help in this. If I need any more help then I’ll give you a call. Cheers.
by liverpool
Fri Dec 12, 2014 1:02 pm
Forum: Home Loan Forum
Topic: Any tips on how to save a deposit?
Replies: 7
Views: 10293

Re: Any tips on how to save a deposit?

Hi, I’ve been saving for more than a year to help me on my home loan application. I’m planning on taking out a home loan within the next couple of months. I’ve heard from friends that banks sometimes don’t give out home loans because of the way the borrower manages his money. Is this true?
by liverpool
Thu Nov 27, 2014 1:02 pm
Forum: Home Loan Forum
Topic: When is property valuation not necessary?
Replies: 7
Views: 11085

Re: When is property valuation not necessary?

Wow, that’s great news for me! Thanks for your help, Otto. I’ll have a look at your website to learn more. You can expect a call from me by the end of this month. Cheers :D
by liverpool
Wed Nov 26, 2014 11:55 am
Forum: Home Loan Forum
Topic: When is property valuation not necessary?
Replies: 7
Views: 11085

Re: When is property valuation not necessary?

Hello everyone. I can’t get a normal full doc loan because I can’t prove my income. I’m planning on getting a low doc loan but I’ve read that I may only be able to borrow up to 80% of the property value. Is there any way that I can borrow more than 80% of the property value with a low doc loan?
by liverpool
Tue Nov 18, 2014 2:32 pm
Forum: Home Loan Forum
Topic: Can I get a low doc loan for building a house?
Replies: 7
Views: 10801

Re: Can I get a low doc loan for building a house?

Thanks again, Otto. I will talk to my accountant first and then get back to you if I have any other confusions . Cheers!
by liverpool
Tue Nov 18, 2014 11:46 am
Forum: Home Loan Forum
Topic: Can I get a low doc loan for building a house?
Replies: 7
Views: 10801

Re: Can I get a low doc loan for building a house?

Thank you for the reply, Otto. Although I may not be able to provide my statements, I can provide a letter from my accountant. Could you tell me what need to be included in the letter?
by liverpool
Tue Nov 18, 2014 10:32 am
Forum: Home Loan Forum
Topic: Can I get a low doc loan for building a house?
Replies: 7
Views: 10801

Can I get a low doc loan for building a house?

Hello everyone!

I am a marketing analyst for a supermarket chain. I am currently based in Sydney and I want to buy a piece of land in my hometown of Perth and build a house there.

My work is not conventional, I am paid according to projects and I do not have conventional payslips. I also do not have any tax returns. My friends were telling me that I may have to apply for a low doc loan, but they were not sure if I can get such a loan for construction.

So could anyone in this forum give me some information on whether I can get a loan to build my own house?
by liverpool
Tue Oct 28, 2014 3:54 pm
Forum: Home Loan Forum
Topic: How much LMI will I need to pay on my home loan?
Replies: 7
Views: 10269

Re: How much LMI will I need to pay on my home loan?

Okay, got it! I guess it’s better if call and speak to one of the brokers about this. Thanks so much for your answer Otto! I will call you guys up in about a week to discuss this. Bye.
by liverpool
Tue Oct 28, 2014 12:00 pm
Forum: Home Loan Forum
Topic: How much LMI will I need to pay on my home loan?
Replies: 7
Views: 10269

Re: How much LMI will I need to pay on my home loan?

Hi guys, like oldisGOLD, I too am a lawyer. I will need to borrow $495,000 to buy a house worth $560,000. As you can see, I need to borrow less than 90% and may not need to pay LMI anyway. But I would like to get a discount on the interest rate. So could you tell me how much interest rate discount could I possibly receive on the loan?
by liverpool
Wed Oct 01, 2014 1:34 pm
Forum: Home Loan Forum
Topic: How can I be eligible for FHOG?
Replies: 7
Views: 9462

Re: How can I be eligible for FHOG?

I want to know more about this discount so I will call you in a few days to speak to one of the brokers directly. Thanks!
by liverpool
Wed Oct 01, 2014 11:12 am
Forum: Home Loan Forum
Topic: How can I be eligible for FHOG?
Replies: 7
Views: 9462

Re: How can I be eligible for FHOG?

Hi there, like Don Juan, I am also a first home buyer. I am about to apply for a home loan and I was wondering if I could get any loan discount as a first home buyer? Also, is there any way to know how much grant could I possibly receive from the government?