Search found 60 matches

by Robert
Wed Feb 11, 2015 1:12 pm
Forum: Home Loan Forum
Topic: What is my credit score?
Replies: 7
Views: 7054

Re: What is my credit score?

Thank you for the suggestions,Otto. I highly appreciate your taking the time to respond.
by Robert
Wed Feb 11, 2015 10:09 am
Forum: Home Loan Forum
Topic: What is my credit score?
Replies: 7
Views: 7054

Re: What is my credit score?

Hi there!

I used the calculator and apparently my credit score is not quite good; I got 47 out of 100! Are there any ways through which I can improve my credit score?
by Robert
Wed Dec 24, 2014 2:57 pm
Forum: Home Loan Forum
Topic: Does anybody know the costs of buying a home?
Replies: 7
Views: 6260

Re: Does anybody know the costs of buying a home?

I appreciate the information, mate. Now I need help understanding the process of taking out a loan. I’ll be contacting you guys for further information sometime next week. Thanks again for taking the time to reply.

Cheers.
by Robert
Tue Dec 23, 2014 4:07 pm
Forum: Home Loan Forum
Topic: Does anybody know the costs of buying a home?
Replies: 7
Views: 6260

Re: Does anybody know the costs of buying a home?

Thanks for the information, mate. This is all new to me since I've never bought a house before. Are there any additional costs that I need to be aware of?
by Robert
Tue Dec 23, 2014 9:32 am
Forum: Home Loan Forum
Topic: Does anybody know the costs of buying a home?
Replies: 7
Views: 6260

Does anybody know the costs of buying a home?

Hi everyone,

I’m trying to buy a house worth $470,000 in Sydney. However, I’m not sure about the kind of fees and duties that I will have to pay while buying a house. Does anybody know the costs of buying a house?
by Robert
Wed Dec 10, 2014 9:15 pm
Forum: Home Loan Forum
Topic: About a US citizen getting a mortgage in Australia
Replies: 7
Views: 6063

Re: About a US citizen getting a mortgage in Australia

Oops, I did not realise that I had forgotten to mention that I am here in Australia on a work visa. Thank you for helping me understand all of this, Otto. I will give you a call in the next couple of days to understand all of this. Bye.
by Robert
Wed Dec 10, 2014 2:01 pm
Forum: Home Loan Forum
Topic: About a US citizen getting a mortgage in Australia
Replies: 7
Views: 6063

Re: About a US citizen getting a mortgage in Australia

Hello there,

I am not an Australian citizen and I do not have an Australian spouse, but I still want to buy a house in Australia. The thing is, I am not sure what type of property I am allowed to buy. Can anyone please list this out to me?
by Robert
Thu Oct 30, 2014 1:56 pm
Forum: Home Loan Forum
Topic: What makes a good borrower?
Replies: 7
Views: 6791

Re: What makes a good borrower?

My parents have recently sold their house and have moved into a retirement home. So they will not be able to provide a guarantee for my loan. However, they have got the funds from the sale and are able and willing to gift me 5% of the property value. But how will the banks know that it is a gift and...
by Robert
Thu Oct 30, 2014 12:12 pm
Forum: Home Loan Forum
Topic: What makes a good borrower?
Replies: 7
Views: 6791

Re: What makes a good borrower?

Thanks Otto. I used your borrowing power calculator and it seems that I will be able to get my home loan approved. I am planning to buy a house worth about $400,000. However, I am concerned as I do not have 5% of that in genuine savings. I want to buy a house soon. What can I do to make my situation...
by Robert
Thu Oct 30, 2014 11:02 am
Forum: Home Loan Forum
Topic: What makes a good borrower?
Replies: 7
Views: 6791

What makes a good borrower?

Hello home loan experts,, I am a research analyst working for a think-tank in Melbourne. I have been thinking about buying a home for the first time. I believe the banks look out for certain things while deciding on a home loan application, but I am not sure what they look out for. Since I have not ...
by Robert
Wed Oct 08, 2014 1:59 pm
Forum: Home Loan Forum
Topic: How difficult is it for a casual employee to be approved?
Replies: 7
Views: 5886

Re: How difficult is it for a casual employee to be approved

Well, I would love to find out which lenders have a more liberal way of assessing my income. I will probably call you guys for this.

Thanks for the answer!
by Robert
Wed Oct 08, 2014 11:01 am
Forum: Home Loan Forum
Topic: How difficult is it for a casual employee to be approved?
Replies: 7
Views: 5886

Re: How difficult is it for a casual employee to be approved

Hi there brokers, like totoro, I too am thinking about buying a house and I have been working part time at a retail store. Could you tell me if it will be difficult for a part timers to be approved for a home loan?
by Robert
Wed Oct 01, 2014 3:33 pm
Forum: Home Loan Forum
Topic: What types of guarantees do banks accept?
Replies: 7
Views: 6342

Re: What types of guarantees do banks accept?

Thanks a lot for being such a great help to me. I’ve decided taking your help for the loan so I’ll be calling you by the end of this week. Looking forward to speaking with you. Bye.
by Robert
Wed Oct 01, 2014 7:14 am
Forum: Home Loan Forum
Topic: What types of guarantees do banks accept?
Replies: 7
Views: 6342

Re: What types of guarantees do banks accept?

Thanks, Otto. I discussed this with my parents and they said that they’re read to be my guarantors but they want to know how this is better than taking out a normal home loan. Other than borrowing more than 80% of the property value, I’m not sure how it is better for me. Can you list out any other b...
by Robert
Tue Sep 30, 2014 12:04 pm
Forum: Home Loan Forum
Topic: What types of guarantees do banks accept?
Replies: 7
Views: 6342

What types of guarantees do banks accept?

Hi there, I’ve read that with a guarantor, I may be able to borrow up to 105% of the total land value and the cost of construction. That sounds like a great deal so I was thinking of asking my parents to help me take out a guarantor mortgage because I’ve found a great piece of land where I want to b...