Search found 3 matches

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Fri Jun 14, 2019 5:08 pm
Forum: Home Loan Forum
Topic: Who are these non-bank lenders and are they financially secure?
Replies: 5
Views: 11298

Re: Who are these non-bank lenders and are they financially secure?

Okay. Are non-bank lenders more expensive? That is to say, compared to banks.
by
Fri Jun 14, 2019 3:03 pm
Forum: Home Loan Forum
Topic: Who are these non-bank lenders and are they financially secure?
Replies: 5
Views: 11298

Re: Who are these non-bank lenders and are they financially secure?

Thanks for the information. I’ve heard of some of these lenders before. So, will these non-bank lenders accept 100% of my foreign PAYG income? And how much of the rental income can be used in serviceability?
by
Fri Jun 14, 2019 12:29 pm
Forum: Home Loan Forum
Topic: Who are these non-bank lenders and are they financially secure?
Replies: 5
Views: 11298

Who are these non-bank lenders and are they financially secure?

Hi, I’m currently in Singapore working as a petroleum engineer. I’m looking to add a second property to my investment portfolio. The first property was mortgaged with Westpac before I left home five years ago. Now, my bank’s telling me only they’ll only be using 60%-80% of my income and they’ll not take into account any negative gearing benefits. So, I’m looking at non-bank lenders. Are non-bank lenders financially secure? Can you also give me the name of these lenders so I can research these lenders?