Search found 25 matches

by jojoming
Tue Jun 10, 2014 6:07 pm
Forum: Home Loan Forum
Topic: dentist applying for a house loan
Replies: 7
Views: 9072

Re: dentist applying for a house loan

Hi, I am a doctor but I am wondering how much this lmi fee really is like. I mean, would it be better for me to borrow less and get a lower rate or borrow more and try to get the lmi fee waived?
by jojoming
Mon Dec 02, 2013 11:50 am
Forum: Home Loan Forum
Topic: Getting a home loan for a studio apartment
Replies: 7
Views: 11366

Re: Getting a home loan for a studio apartment

Great, thanks for clearing that up mate. Will give you a ring when I find a suitable place since I haven’t really looked around yet.
by jojoming
Sun Dec 01, 2013 1:37 pm
Forum: Home Loan Forum
Topic: What is bad credit? Can you still get a home loan?
Replies: 7
Views: 10363

Re: What is bad credit? Can you still get a home loan?

Hi again, spoke to the wife and it turns out that it was for $1,500 about 3 years ago, just before we met, actually.

I kinda knew about it but it didn’t seem very important at the time – I hope you don’t have bad news for us!! :(
by jojoming
Sat Nov 30, 2013 7:50 pm
Forum: Home Loan Forum
Topic: Getting a home loan for a studio apartment
Replies: 7
Views: 11366

Re: Getting a home loan for a studio apartment

Okay, you’ve convinced me that I should buy this. I don’t mind a smaller space, it’s easier to clean up anyway!

I think I would go for a 40 to 50 m sq unit but I’d like to borrow more than 95%. Is there way that I can borrow more than that?
by jojoming
Fri Nov 29, 2013 8:54 am
Forum: Home Loan Forum
Topic: What is bad credit? Can you still get a home loan?
Replies: 7
Views: 10363

Re: What is bad credit? Can you still get a home loan?

Oh and I’m asking because my wife has a defaulted on a personal loan in the past and we’re looking to apply for a home loan sometime soon.
by jojoming
Fri Nov 29, 2013 8:50 am
Forum: Home Loan Forum
Topic: Getting a home loan for a studio apartment
Replies: 7
Views: 11366

Getting a home loan for a studio apartment

Hi, I am currently employed as brand manager and social media market for a medium-sized furniture company. We sell all sorts of plastic furniture to clients all over Australia.

Right now I am renting an apartment but I am the feeling that the rent is too costly. My landlord has also told me that he will be increasing the rent in a few months which hasn’t helped much. I then started thinking that maybe I should just buy my own place and that a studio apartment would be perfect for me. I spoke to the landlord about this (he’s a decent guy otherwise) and he mentioned that it would be hard to get a home loan and that banks do not lend for such apartments so I wanted to ask you guys what you thought about it.
by jojoming
Fri Nov 29, 2013 8:30 am
Forum: Home Loan Forum
Topic: What is bad credit? Can you still get a home loan?
Replies: 7
Views: 10363

What is bad credit? Can you still get a home loan?

Hi

I’ve heard that “bad credit” can get you decline for a home loan but no one seems to know exactly what bad credit stands for…!! I’m not stupid and I know that bankruptcy or late payments are bad for your credit but just how much does it affect you? Will you have a chance or none at all?
by jojoming
Thu Oct 17, 2013 9:12 pm
Forum: Home Loan Forum
Topic: How can self employed people get a home loan?
Replies: 7
Views: 11005

Re: How can self employed people get a home loan?

Maybe I will do that if you think my situation isn’t that cheery.. I didn’t know home loans were so complicated!
by jojoming
Thu Oct 17, 2013 7:31 pm
Forum: Home Loan Forum
Topic: How can self employed people get a home loan?
Replies: 7
Views: 11005

Re: How can self employed people get a home loan?

Okay maybe I need a low doc loan.. I’ve only been in business for 5 months and I was working in an entirely different kind of job before. I left my job as a school teacher and am working in photography fulltime now. It always a hobby but I decided to take the plunge early this year.

Is a low doc loan more expensive? I might need to borrow more than $600,000 for my loan.
by jojoming
Thu Aug 01, 2013 5:15 am
Forum: Home Loan Forum
Topic: Banks knocked me because I can't prove my income!
Replies: 11
Views: 15706

Re: Banks knocked me because I can't prove my income!

Thanks for the help, mate. Appreciate it. I will certainly call you guys.
by jojoming
Wed Jul 31, 2013 10:47 am
Forum: Home Loan Forum
Topic: Banks knocked me because I can't prove my income!
Replies: 11
Views: 15706

Re: Banks knocked me because I can't prove my income!

Thank god! Finally!

Let me fill you in. I work as a self employed owner of a medium sized supermarket. I’ve been running it for almost 2 years now.

I wanted to get a mortgage to buy a house as a wedding gift for my fiancé priced at $500,000 in Pennant Hills, NSW 2021. I have almost $100,000 to be used as deposit.

Imagine how frustrated I felt when I got declined! :x
by jojoming
Wed Jul 31, 2013 9:15 am
Forum: Home Loan Forum
Topic: Banks knocked me because I can't prove my income!
Replies: 11
Views: 15706

Re: Banks knocked me because I can't prove my income!

Hi guys,

Speaking of lenders, why don’t banks say that this type of method is acceptable for them? I just got a big fat decline from one of the banks!!!!

If bank statements was what they needed, it wouldn’t have been a problem for me. Why did they say NO to me? Now, I’m here feeling frustrated!!!
by jojoming
Thu Jun 27, 2013 1:40 pm
Forum: Home Loan Forum
Topic: PAYG constructor. How do I prove my income?!
Replies: 9
Views: 13437

Re: PAYG constructor. How do I prove my income?!

Seems like you guys definitely know what you are talking about. I will be calling soon. Thanks for the help! :)
by jojoming
Thu Jun 27, 2013 12:28 pm
Forum: Home Loan Forum
Topic: PAYG constructor. How do I prove my income?!
Replies: 9
Views: 13437

Re: PAYG constructor. How do I prove my income?!

Hey Otto, that’s a pretty neat feature you guys have.

I'm looking at an apartment I am interested lies in Victoria Park, WA 6100 worth $249,000. According to your postcode locate guide, it’s a low risk area. I’ve managed to save up around $40,000 which can be used as deposit.

Can I get a home loan?

Thanks
by jojoming
Wed Jun 26, 2013 8:58 pm
Forum: Home Loan Forum
Topic: PAYG constructor. How do I prove my income?!
Replies: 9
Views: 13437

Re: PAYG constructor. How do I prove my income?!

Hi home loan experts,

I'm not in the construction business but I'm a PAYG earner too. Do you think I could apply for a low doc loan to buy an inner city apartment? I have my own wedding planning business and this will be my first home too.

Any words regarding this would be great.

Thanks :)