Search found 35 matches

by Madame Butterfly
Wed Jan 21, 2015 1:56 pm
Forum: Home Loan Forum
Topic: How can an expat prove his income?
Replies: 7
Views: 9613

Re: How can an expat prove his income?

Thank you for the reply. I am not really sure whether I will qualify for an LMI waiver. I am calling you guys straightaway to find out more about that.
by Madame Butterfly
Wed Jan 21, 2015 12:11 pm
Forum: Home Loan Forum
Topic: How can an expat prove his income?
Replies: 7
Views: 9613

Re: How can an expat prove his income?

Hi everyone, I am also an expat living in Japan. Something about waived LMI was mentioned earlier in this thread. Could you explain more about that to me?
by Madame Butterfly
Mon Jan 19, 2015 6:54 pm
Forum: Home Loan Forum
Topic: What interest rates am I eligible for on a home loan?
Replies: 7
Views: 9949

Re: What interest rates am I eligible for on a home loan?

Hi, Otto. Thank you so much for laying out the information for me. I’ll call you to learn more about these discounts next week.
by Madame Butterfly
Sat Jan 17, 2015 12:20 pm
Forum: Home Loan Forum
Topic: What interest rates am I eligible for on a home loan?
Replies: 7
Views: 9949

Re: What interest rates am I eligible for on a home loan?

Hi,

I’m from Rockhampton. I work as a survey technician and earn $45,000 per year. I have a savings account with $80,000 and want to buy a home. I want to borrow 85% to 90% of the value of the house. I’ve recently come to know that I will need to pay LMI. However, I don’t want to pay it.

Is there a way I can avoid paying LMI? Are there any discounts that I can find for LMIs if I cannot waive it completely?
by Madame Butterfly
Fri Dec 12, 2014 4:00 pm
Forum: Property Investment Forum
Topic: How to get a loan to buy an investment property?
Replies: 8
Views: 72837

Re: How to get a loan to buy an investment property?

Oh I see. I didn’t know money we have in our bank were so closed assessed. Thanks for sharing this info with me. See ya!
by Madame Butterfly
Fri Dec 12, 2014 12:00 pm
Forum: Property Investment Forum
Topic: How to get a loan to buy an investment property?
Replies: 8
Views: 72837

Re: How to get a loan to buy an investment property?

Hi there, like Hugo, I too want to buy a property for investment purpose. You mentioned that we need to have 5% to 10% in genuine savings to qualify for an investment loan. Can you tell me what exactly you mean by genuine savings?
by Madame Butterfly
Mon Nov 17, 2014 4:21 pm
Forum: Home Loan Forum
Topic: Will I qualify for a home loan with bad credit?
Replies: 7
Views: 10982

Re: Will I qualify for a home loan with bad credit?

You have a calculator for this? Not bad! I’m eager to find out my credit score now :D Hope it shows a good score!
by Madame Butterfly
Mon Nov 17, 2014 12:00 pm
Forum: Home Loan Forum
Topic: Will I qualify for a home loan with bad credit?
Replies: 7
Views: 10982

Re: Will I qualify for a home loan with bad credit?

Hi, I am interested to know more about credit score and credit file. What kind of info does a credit file hold?
by Madame Butterfly
Tue Oct 14, 2014 1:34 pm
Forum: Home Loan Forum
Topic: Do banks have stricter lending policy for expats?
Replies: 7
Views: 10032

Re: Do banks have stricter lending policy for expats?

Oh okay, thanks for providing this info with me. :) Bye!
by Madame Butterfly
Tue Oct 14, 2014 11:01 am
Forum: Home Loan Forum
Topic: Do banks have stricter lending policy for expats?
Replies: 7
Views: 10032

Re: Do banks have stricter lending policy for expats?

Hey I too am an Aussie working overseas and just like lukeparsons, I am also planning to buy a house in NSW. My parents live in the same state. So I was wondering how banks assess foreign income. Would appreciate if you could clear my confusions.
by Madame Butterfly
Wed Oct 01, 2014 2:02 pm
Forum: Home Loan Forum
Topic: What will my home loan repayments be?
Replies: 7
Views: 10174

Re: What will my home loan repayments be?

Hi Otto,

I checked out the calculator and I found that the repayments are significantly lower if I choose the interest only option. I have limited knowledge on loans, and I do not know the difference the type of repayment will have on my loan. Could you tell me a bit more about this?
by Madame Butterfly
Wed Oct 01, 2014 12:01 pm
Forum: Home Loan Forum
Topic: What will my home loan repayments be?
Replies: 7
Views: 10174

What will my home loan repayments be?

Hi there,

I finished my college two years ago and I have been working for a private company in Canberra as an advertising coordinator. My annual salary is $43,000 and I have been spending a large portion of my income on paying rent.

So I was thinking about buying my own place. I think I will do that soon if the mortgage repayment is not significantly higher than the rent I have been paying. I am renting at $320 per week, but I do not know what my periodic loan repayments will be. I am planning on buying a house worth about $500,000.

Could anyone give me an estimate of my loan repayments?
by Madame Butterfly
Tue Sep 09, 2014 1:13 pm
Forum: Home Loan Forum
Topic: Can engineers have their LMI waived?
Replies: 7
Views: 11005

Re: Can engineers have their LMI waived?

Thanks for explaining about the LMI. Will give you a call after I try out the calculator. Bye!
by Madame Butterfly
Tue Sep 09, 2014 11:01 am
Forum: Home Loan Forum
Topic: Can engineers have their LMI waived?
Replies: 7
Views: 11005

Re: Can engineers have their LMI waived?

Hey, I am an engineer myself as well and I was hoping to borrow more than 90%. So if I do pay the LMI fee, how much would this amount to? Can you also tell me how does LMI thing actually work? I mean do I need to pay before the loan is advanced or afterwards?
by Madame Butterfly
Fri Jul 11, 2014 1:54 pm
Forum: Home Loan Forum
Topic: Will I need fewer savings if I apply for a guarantor loan?
Replies: 7
Views: 9507

Re: Will I need fewer savings if I apply for a guarantor loa

Ohhh…okay. That’s a relief! I guess I should have a talk with my parents and see if this is possible. Thanks Otto!