Search found 42 matches

by bigeddie
Thu May 28, 2015 3:11 pm
Forum: Commercial Loan Forum
Topic: How much can I borrow to purchase a petrol station?
Replies: 7
Views: 25790

Re: How much can I borrow to purchase a petrol station?

That doesn’t seem too hard. I’ll make sure that I do all the necessary tests before signing anything. With that worry out of the way, I can focus on the application process. I’ll ring you after I do all the tests on the petrol station that I’ve got my eye on. Cheers!
by bigeddie
Wed May 27, 2015 2:23 pm
Forum: Commercial Loan Forum
Topic: How much can I borrow to purchase a petrol station?
Replies: 7
Views: 25790

Re: How much can I borrow to purchase a petrol station?

Hello! I’m also thinking about taking out a mortgage to purchase a petrol station. And thanks to this thread, I got to learn a lot about it. It seems that G-Rob here has been operating a service station and already knows a great deal about it. I’m new to this so I’ve got to learn a lot more. I’m pla...
by bigeddie
Mon Dec 29, 2014 4:12 pm
Forum: Home Loan Forum
Topic: Home loan possible with bad credit?
Replies: 7
Views: 6394

Re: Home loan possible with bad credit?

Thank you for explaining that to me, Otto. Cheers!
by bigeddie
Mon Dec 29, 2014 1:12 pm
Forum: Home Loan Forum
Topic: Home loan possible with bad credit?
Replies: 7
Views: 6394

Re: Home loan possible with bad credit?

Hello everybody!

I was going through the thread and it was informative to say the least. But I was under the impression that Part IX agreement and bankruptcy are essential the same conditions. But it turns out they are quite different. Could anyone tell me about this?
by bigeddie
Fri Dec 19, 2014 12:18 pm
Forum: Home Loan Forum
Topic: What should I use to prove my rental income?
Replies: 7
Views: 6358

Re: What should I use to prove my rental income?

I’m still not sure what the exact reason might be because I don’t think I’m a high risk borrower. I’ll give you a call by Tuesday to discuss this. Goodbye.
by bigeddie
Thu Dec 18, 2014 10:47 am
Forum: Home Loan Forum
Topic: What should I use to prove my rental income?
Replies: 7
Views: 6358

Re: What should I use to prove my rental income?

Hello. I tried to take out a 90% LVR home loan but the bank only agreed to give me 80% LVR. I don’t understand why they decreased the amount that I wanted to borrow. Is there anyone who can help me clearly understand this?
by bigeddie
Mon Dec 08, 2014 2:13 pm
Forum: Home Loan Forum
Topic: Can an accountant avoid LMI?
Replies: 7
Views: 6761

Re: Can an accountant avoid LMI?

Thank you for taking the time to reply, Otto. I will contact you soon when I discuss my options with my family.
by bigeddie
Mon Dec 08, 2014 12:11 pm
Forum: Home Loan Forum
Topic: Can an accountant avoid LMI?
Replies: 7
Views: 6761

Re: Can an accountant avoid LMI?

Getting an interest rate discount on my home loan seems like a good option. Could you please tell me more about that? What may be the size of the discount that I may be able to get?
by bigeddie
Mon Dec 08, 2014 10:09 am
Forum: Home Loan Forum
Topic: Can an accountant avoid LMI?
Replies: 7
Views: 6761

Can an accountant avoid LMI?

HI home loan experts!

I am an accountant working for an accounting firm. I have heard that I may be able to borrow 90% of the property value without having to pay for lenders mortgage insurance.

Could someone tell me which banks lend up to 90% with no LMI for an accountant?
by bigeddie
Wed Dec 03, 2014 3:12 pm
Forum: Home Loan Forum
Topic: Can I get a loan even if I can’t prove my income?
Replies: 7
Views: 6247

Re: Can I get a loan even if I can’t prove my income?

Oh good! Thanks for explaining these things to me. Appreciate it :)
by bigeddie
Wed Dec 03, 2014 12:00 pm
Forum: Home Loan Forum
Topic: Can I get a loan even if I can’t prove my income?
Replies: 7
Views: 6247

Re: Can I get a loan even if I can’t prove my income?

Hi there, I had applied for a loan a few months back but it was declined. The bank said that I had a bad credit. What does this really mean? And how will I be able to get a loan if all the banks start declining my loan?
by bigeddie
Wed Oct 29, 2014 4:00 pm
Forum: Home Loan Forum
Topic: Possible to borrow with only 5% deposit?
Replies: 7
Views: 6713

Re: Possible to borrow with only 5% deposit?

Thanks for your suggestion. I will check out the calculator and see what result it shows.
by bigeddie
Wed Oct 29, 2014 12:00 pm
Forum: Home Loan Forum
Topic: Possible to borrow with only 5% deposit?
Replies: 7
Views: 6713

Re: Possible to borrow with only 5% deposit?

Hey, I don’t have the money for the deposit and I don’t want to get a guarantor loan. Should I just wait until I have a sufficient amount and then only think about buying a house?
by bigeddie
Mon Sep 08, 2014 1:59 pm
Forum: Home Loan Forum
Topic: What can lead to a low credit score?
Replies: 7
Views: 6144

Re: What can lead to a low credit score?

Some of these tips are fairly simple. I didn’t know taking such small steps could actually make an impact on persons’ credit score. Thanks so much for sharing these tips. I will start on it right away.
by bigeddie
Mon Sep 08, 2014 11:12 am
Forum: Home Loan Forum
Topic: What can lead to a low credit score?
Replies: 7
Views: 6144

Re: What can lead to a low credit score?

Hi there, I have a bad credit history and I want to improve my credit score. I actually missed a few payments in the past. Do you have any idea on how I can improve my score?