Search found 58 matches

by gleeson
Mon Dec 15, 2014 10:57 am
Forum: Home Loan Forum
Topic: How much genuine savings do I require?
Replies: 7
Views: 4801

Re: How much genuine savings do I require?

Hey, Otto!

Thanks for clarifying everything for me, mate. I’m really glad I joined the forum! I’ll send you a personal message if I need to contact you once I apply for the loan.
by gleeson
Sun Dec 14, 2014 2:28 pm
Forum: Home Loan Forum
Topic: How much genuine savings do I require?
Replies: 7
Views: 4801

Re: How much genuine savings do I require?

Hello everyone,

I’m trying to decide if I should get a loan so that I can buy a new house. The bank wants to know how much genuine savings I have. I live in an apartment that I rented since half a year ago. Would it be considered as genuine savings? And how much genuine savings must I have? Help.
by gleeson
Thu Nov 27, 2014 8:55 pm
Forum: Home Loan Forum
Topic: How do banks assess trust applications?
Replies: 7
Views: 4882

Re: How do banks assess trust applications?

Thanks, Otto. A low doc loan does not sound too bad to me. I think I will need your help on this so I will call you within this week.
by gleeson
Thu Nov 27, 2014 2:01 pm
Forum: Home Loan Forum
Topic: How do banks assess trust applications?
Replies: 7
Views: 4882

Re: How do banks assess trust applications?

Hello. I tried to get a home loan using a unit trust but my application was not approved. Why do unit trust loans seem to be more difficult to get approved? The bank suggested me to apply for a low doc loan instead. I do not understand why this suggestion was made. I would really appreciate a quick ...
by gleeson
Wed Nov 12, 2014 1:56 pm
Forum: Home Loan Forum
Topic: Do I qualify for a low doc loan?
Replies: 7
Views: 5372

Re: Do I qualify for a low doc loan?

Thank you for the explanation. Your website seems to include all the information that I need. Thanks again for having compiled such detailed info.
by gleeson
Wed Nov 12, 2014 12:34 pm
Forum: Home Loan Forum
Topic: Do I qualify for a low doc loan?
Replies: 7
Views: 5372

Re: Do I qualify for a low doc loan?

Hi Otto,

Thank you for the comprehensive reply. However, I am not really sure what LVR means. Could you tell me something about that too?
by gleeson
Wed Nov 12, 2014 11:02 am
Forum: Home Loan Forum
Topic: Do I qualify for a low doc loan?
Replies: 7
Views: 5372

Do I qualify for a low doc loan?

Hi there, I run my own business and get a yearly income of about $60,000. I want to get a home loan, and have $50,000 in savings. However, I have not filed any tax returns. One of my friends was saying that I cannot get a standard loan and may have to apply for a low doc loan. I am unsure about that...
by gleeson
Tue Oct 14, 2014 2:32 pm
Forum: Home Loan Forum
Topic: Does a dentist get any discount on home loans?
Replies: 7
Views: 5025

Re: Does a dentist get any discount on home loans?

Hi Otto,

Thank you for the valuable insight. The different options seem to make the issue even more complicated. I am sure some professional help would be helpful to me. I will contact you guys as soon as possible.

Thanks.
by gleeson
Tue Oct 14, 2014 12:34 pm
Forum: Home Loan Forum
Topic: Does a dentist get any discount on home loans?
Replies: 7
Views: 5025

Re: Does a dentist get any discount on home loans?

Hi there,

I am planning to buy a house worth about $1 million. I can put $150,000 as the deposit for the house. What may be my best option?
by gleeson
Tue Oct 14, 2014 11:11 am
Forum: Home Loan Forum
Topic: Does a dentist get any discount on home loans?
Replies: 7
Views: 5025

Does a dentist get any discount on home loans?

Hi there, I am a dentist and I work for a clinic in Canberra. I am thinking about buying a house. One of my friends is a surgeon and he said that medical professionals are eligible for various discounts on home loans. Do I qualify for such discounts? Could anyone tell me what kind of discounts may a...
by gleeson
Mon Oct 13, 2014 1:03 pm
Forum: Home Loan Forum
Topic: Can I get a home loan even if I have a court writ?
Replies: 7
Views: 4672

Re: Can I get a home loan even if I have a court writ?

So it seems I need to wait one more year to significantly improve my chances of getting a home loan. If the court judgment isn’t seen on my credit file then I know I can take out a home loan with ease. If I have any more queries then I’ll check your website for answers. Goodbye.
by gleeson
Sat Oct 11, 2014 12:32 pm
Forum: Home Loan Forum
Topic: Can I get a home loan even if I have a court writ?
Replies: 7
Views: 4672

Re: Can I get a home loan even if I have a court writ?

Hi everyone!

I applied for quite a few loans some years back and I also had a court judgment four years ago. I am currently in a good financial position and I want to take out a home loan in the next few months. Can anyone tell me how long the information regarding bad credit stays on my credit file?
by gleeson
Sat Sep 27, 2014 12:05 pm
Forum: Home Loan Forum
Topic: Can anyone help me understand what "equity" means?
Replies: 7
Views: 4352

Re: Can anyone help me understand what "equity" means?

I didn’t expect such quick and precise responses. Thanks a lot for helping me learn all of this. I’m convinced you guys know what you’re talking about. I’m planning on calling you by the end of the coming week.

Cheers :)
by gleeson
Thu Sep 25, 2014 3:15 pm
Forum: Home Loan Forum
Topic: Can anyone help me understand what "equity" means?
Replies: 7
Views: 4352

Re: Can anyone help me understand what "equity" means?

So it seems like my friends pointed me towards the right direction. Here's a concise overview of my situation - The market value of my parents’ house in Adelaide is about $600,000 and they still owe $350,000 on the house. I’ve heard that banks can allow me to purchase the property at a price lower t...
by gleeson
Wed Sep 24, 2014 3:05 pm
Forum: Home Loan Forum
Topic: Can anyone help me understand what "equity" means?
Replies: 7
Views: 4352

Can anyone help me understand what "equity" means?

Hello,

My friends told me that this forum is very helpful and so I’m here to test it out. I’ve heard and vaguely read about equity but I’m not sure what it means. Can anyone please help me understand this?

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