Search found 31 matches

by HelloKitty
Thu Apr 02, 2015 8:18 am
Forum: Commercial Loan Forum
Topic: How do lenders assess lease income for lease doc loan?
Replies: 7
Views: 25343

Re: How do lenders assess lease income for lease doc loan?

Ah, now it makes sense. Thanks for your prompt and precise answer, Otto. I had a look at your website and it’s great! It helped me learn a whole lot more. I’m planning on giving you a call by the end of the coming week to discuss things in detail. Bye.
by HelloKitty
Wed Apr 01, 2015 11:04 am
Forum: Commercial Loan Forum
Topic: How do lenders assess lease income for lease doc loan?
Replies: 7
Views: 25343

Re: How do lenders assess lease income for lease doc loan?

Hi everyone! I have a friend who had previously taken out a commercial property loan. Because I’m thinking of doing the same, I asked him a few things about it. While talking, what seemed most peculiar to me was that he said that his purpose of taking out the loan was taken into consideration. He fa...
by HelloKitty
Mon Oct 06, 2014 1:57 pm
Forum: Home Loan Forum
Topic: Why are lenders so strict about genuine savings?
Replies: 7
Views: 5619

Re: Why are lenders so strict about genuine savings?

Thanks for the information, Otto. I plan on calling you guys soon to discuss my specific circumstances.
by HelloKitty
Mon Oct 06, 2014 12:23 pm
Forum: Home Loan Forum
Topic: Why are lenders so strict about genuine savings?
Replies: 7
Views: 5619

Re: Why are lenders so strict about genuine savings?

Thank you for the explanation, Otto. Could you tell me how much lenders mortgage insurance I will need to pay if I borrow 90% for a house worth $500,000?
by HelloKitty
Sat Oct 04, 2014 10:23 am
Forum: Home Loan Forum
Topic: Why are lenders so strict about genuine savings?
Replies: 7
Views: 5619

Why are lenders so strict about genuine savings?

Hi home loan experts! I am a plumber for a housing company in Sydney and I earn $52,000 per year. I live with my wife in an apartment that we bought five years back and we are thinking about buying a new house. When I looked for information about home loans, I found out that lenders are very strict ...
by HelloKitty
Fri Aug 22, 2014 2:54 pm
Forum: Home Loan Forum
Topic: Will banks approve my loan to buy a land in the countryside?
Replies: 7
Views: 6050

Re: Will banks approve my loan to buy a land in the countrys

I think the land I am planning to buy comes under Category 2. I will try out the calculator and give you a call to see if any lender will approve my loan.
by HelloKitty
Fri Aug 22, 2014 12:01 pm
Forum: Home Loan Forum
Topic: Will banks approve my loan to buy a land in the countryside?
Replies: 7
Views: 6050

Re: Will banks approve my loan to buy a land in the countrys

Hi Otto, I was also thinking of buying a land in a few months. I have even chosen the area and everything. But I am a bit worried about the postcode restriction. Which areas are generally considered as highly restricted by the banks?
by HelloKitty
Mon Aug 11, 2014 3:21 pm
Forum: Home Loan Forum
Topic: Can I get a discount on LMI?
Replies: 7
Views: 6484

Re: Can I get a discount on LMI?

Oh cool thanks for your answer. I will give a call in the above number and speak to you guys about my situation in more detail. :)
by HelloKitty
Mon Aug 11, 2014 1:11 pm
Forum: Home Loan Forum
Topic: Can I get a discount on LMI?
Replies: 7
Views: 6484

Re: Can I get a discount on LMI?

What do genuine savings mean? What is the bank’s guideline on this?
by HelloKitty
Mon Aug 11, 2014 11:12 am
Forum: Home Loan Forum
Topic: Can I get a discount on LMI?
Replies: 7
Views: 6484

Can I get a discount on LMI?

Hi guys! I will be buying a house soon in Brisbane. I have looked at a few properties here and also spoken to some of the property sellers. I am thinking about buying a house worth $560,000. I would need to borrow 94% of the value and it would be nice if I could get some discount on the loan. I am a...
by HelloKitty
Mon Jun 30, 2014 1:54 pm
Forum: Home Loan Forum
Topic: Is it the right time for me to buy a house?
Replies: 7
Views: 6436

Re: Is it the right time for me to buy a house?

Sweet! I’ll speak to my parents about this. Thanks buddy!
by HelloKitty
Mon Jun 30, 2014 11:11 am
Forum: Home Loan Forum
Topic: Is it the right time for me to buy a house?
Replies: 7
Views: 6436

Re: Is it the right time for me to buy a house?

When you say no LMI on home loans over 80%, does this mean I can even borrow 100% and not pay LMI?
by HelloKitty
Sun Jun 29, 2014 11:00 am
Forum: Home Loan Forum
Topic: Is it the right time for me to buy a house?
Replies: 7
Views: 6436

Is it the right time for me to buy a house?

Hi brokers, I would like to buy a house but I am not sure if it’s the right time. I live in a rented house at the moment. My partner and I have been thinking about moving out and getting a place of our own but we don’t have enough savings right now. We can’t afford to pay for the deposit on the hous...
by HelloKitty
Wed May 07, 2014 3:19 pm
Forum: Home Loan Forum
Topic: Possible to get a home loan while on maternity leave?
Replies: 7
Views: 6992

Re: Possible to get a home loan while on maternity leave?

Okay, Otto! I will call you up in a few days. Thanks for answering my questions.
by HelloKitty
Wed May 07, 2014 12:55 pm
Forum: Home Loan Forum
Topic: Possible to get a home loan while on maternity leave?
Replies: 7
Views: 6992

Re: Possible to get a home loan while on maternity leave?

I think I can provide those to the banks. Are there any other factors that I need to take in to consideration before applying? Could you also let me know how much can I borrow?