Search found 30 matches

by htooOh
Tue Jun 02, 2015 2:03 pm
Forum: Property Investment Forum
Topic: Why are lenders changing policies for investment loans?
Replies: 8
Views: 74628

Re: Why are lenders changing policies for investment loans?

Thank you very much, Otto. I will give you a call once I go through the website. I want to find out more about property investment in Australia and I hope your mortgage brokers can help me. I am looking forward to speaking with you.
by htooOh
Sat May 30, 2015 1:12 pm
Forum: Property Investment Forum
Topic: Why are lenders changing policies for investment loans?
Replies: 8
Views: 74628

Re: Why are lenders changing policies for investment loans?

Hello. I am from India and I am looking to take out a mortgage to buy an investment property in Australia. As I was researching on foreign investments in Australia, I was hit with the recent policy changes implemented by a few banks on investment loans.

I would like to know what sort of effect this will have on foreign investors such as myself?
by htooOh
Sun Nov 23, 2014 1:49 pm
Forum: Home Loan Forum
Topic: Can I get a home loan if I am married to an Australian?
Replies: 7
Views: 9518

Re: Can I get a home loan if I am married to an Australian?

Hello everyone,

I am from Argentina and I had come to Australia three months back. I really liked Townsville, and there was a nice home over there. I have saved through my working life, and was planning to buy the house and move to Australia after retirement.

But I learned in this thread that foreigners are not allowed to buy an old house. Why is that so? Are there any other options available to me?
by htooOh
Thu Nov 06, 2014 2:34 pm
Forum: Home Loan Forum
Topic: Can I make extra repayments on my fixed rate home loan?
Replies: 7
Views: 10151

Re: Can I make extra repayments on my fixed rate home loan?

Thank you for explaining that to me. An offset account sounds like a good way to save money during my loan term. I will contact you again if I need more help with my loan application.
by htooOh
Thu Nov 06, 2014 12:56 pm
Forum: Home Loan Forum
Topic: Can I make extra repayments on my fixed rate home loan?
Replies: 7
Views: 10151

Re: Can I make extra repayments on my fixed rate home loan?

Could you tell me more about offset account? What does it really do?
by htooOh
Thu Nov 06, 2014 11:43 am
Forum: Home Loan Forum
Topic: Can I make extra repayments on my fixed rate home loan?
Replies: 7
Views: 10151

Can I make extra repayments on my fixed rate home loan?

Hi home loan experts!

I am a school teacher and I live in Perth with my family. I want to buy a new home for around $600,000.

I had got a five year fixed home loan for my current home. But only later I found out that I wasn’t able to make extra repayments on my home loan! I wanted to save on the interest I paid, but they had some extra costs when I made repayments that actually made me worse-off with the extra repayments.

So is there any way that I can get a fixed rate loan (again!), but also be able to make extra repayments on that? I would be grateful if someone gave me more information on this.
by htooOh
Fri Aug 15, 2014 3:21 pm
Forum: Home Loan Forum
Topic: How much loan can I get if I am married to an Australian?
Replies: 7
Views: 10408

Re: How much loan can I get if I am married to an Australian

Thank you so much for your response. It was really valuable since I did not know about all many things that you mentioned.
by htooOh
Fri Aug 15, 2014 12:46 pm
Forum: Home Loan Forum
Topic: How much loan can I get if I am married to an Australian?
Replies: 7
Views: 10408

Re: How much loan can I get if I am married to an Australian

Are there any other restrictions if my partner and I buy a house together?
by htooOh
Fri Aug 15, 2014 6:56 am
Forum: Home Loan Forum
Topic: How much loan can I get if I am married to an Australian?
Replies: 7
Views: 10408

How much loan can I get if I am married to an Australian?

Hi there,

I am a Chinese national but I had been living in Australia for on a student visa for 2 years, before switching to a partner visa. I married a permanent resident 18 months back and we are expecting a baby in 3 months.

Now that there is going to be a new member in the family, we want to buy a bigger place of our own. We are looking at a house in Tasmania which is worth $730,000. But we only have about $150,000 in savings. Since we are expecting a child soon, we would like to have some savings on standby in case of emergencies.

Therefore, we would like to borrow as much as possible for our house. How much will we be able to borrow to buy the house?
by htooOh
Wed Aug 13, 2014 6:32 pm
Forum: Home Loan Forum
Topic: How does the construction process work?
Replies: 7
Views: 9545

Re: How does the construction process work?

Cool. Thanks for the help. I’ll continue going through your website and I’ll call if I need more help. Have a good day. Bye.
by htooOh
Wed Aug 13, 2014 1:55 pm
Forum: Home Loan Forum
Topic: Can I get a home loan to cover the renovation costs?
Replies: 7
Views: 10106

Re: Can I get a home loan to cover the renovation costs?

Give me a couple of days to think about this option. I will contact you once I have spoken to my parents and figured a couple of things out. Bye!
by htooOh
Wed Aug 13, 2014 11:22 am
Forum: Home Loan Forum
Topic: Can I get a home loan to cover the renovation costs?
Replies: 7
Views: 10106

Re: Can I get a home loan to cover the renovation costs?

Hey I also need to do a bit of renovation on the house I am planning to buy. I was reading through your previous replies and I wanted to know more about the guarantor loan. How does this loan actually work?
by htooOh
Wed Aug 13, 2014 8:14 am
Forum: Home Loan Forum
Topic: How does the construction process work?
Replies: 7
Views: 9545

Re: How does the construction process work?

Hello!

I’ve been thinking of taking out a construction loan in order to finance the purchase of a vacant land as well as the construction of a house in it. While looking through a few things, I learnt that I can ask my bank to pay my builder for the completed portions of work. Can anyone tell me how I may be able to get this done?
by htooOh
Mon Aug 11, 2014 2:00 pm
Forum: Home Loan Forum
Topic: How to be eligible for waived LMI?
Replies: 7
Views: 10090

Re: How to be eligible for waived LMI?

Oh okay. It sounds pretty straight up to me. Thanks for sharing this info with me. Will call you guys up next week to discuss about my application in more detail.

Bye.
by htooOh
Mon Aug 11, 2014 12:00 pm
Forum: Home Loan Forum
Topic: How to be eligible for waived LMI?
Replies: 7
Views: 10090

Re: How to be eligible for waived LMI?

Hmm…going by the criteria, there does seem to be some hope for me. By the way what do you mean by LVR and why does it matter?