Search found 49 matches

by mayer
Tue Apr 14, 2015 5:21 pm
Forum: Commercial Loan Forum
Topic: What kind of features can I get on a commercial loan?
Replies: 7
Views: 18102

Re: What kind of features can I get on a commercial loan?

Capped interest rate sounds interesting to me. I’m going away for a vacation for a couple of weeks. I’ll give you a call after I come back to discuss this in detail. Cheers, mate!
by mayer
Mon Apr 13, 2015 8:13 pm
Forum: Commercial Loan Forum
Topic: What kind of features can I get on a commercial loan?
Replies: 7
Views: 18102

Re: What kind of features can I get on a commercial loan?

Good evening home loan experts,

I’m also looking for a commercial property loan. I learnt a lot about various features of a commercial loan through this thread. However, there’s one question that I’d like to ask.

I’ve heard of fixed rates and variable rates. Is there any kind of interest rate offered on commercial loan that’s in between those two?
by mayer
Wed Jan 21, 2015 3:45 pm
Forum: Home Loan Forum
Topic: How much can a foreign worker borrow for a house?
Replies: 7
Views: 9680

Re: How much can a foreign worker borrow for a house?

Thank you for the information. It is good to know that I am offered many discounts as a doctor.
by mayer
Wed Jan 21, 2015 11:10 am
Forum: Home Loan Forum
Topic: How much can a foreign worker borrow for a house?
Replies: 7
Views: 9680

Re: How much can a foreign worker borrow for a house?

Hello everyone!

I am a doctor on a 457 visa. Something about special professional packages was mentioned earlier. Could anyone give me more information about that?
by mayer
Tue Nov 25, 2014 2:13 pm
Forum: Home Loan Forum
Topic: Does a European need FIRB approval?
Replies: 7
Views: 10736

Re: Does a European need FIRB approval?

Thank you for the information, Otto. I am calling you guys before the end of the week to discuss my loan application.
by mayer
Tue Nov 25, 2014 12:11 pm
Forum: Home Loan Forum
Topic: Does a European need FIRB approval?
Replies: 7
Views: 10736

Re: Does a European need FIRB approval?

Hi Otto,

Thank you for the detailed response. I already have a 457 visa and I would like to borrow as much as possible for the house. Could you give me an idea on how much I may be able to borrow?
by mayer
Tue Nov 25, 2014 10:09 am
Forum: Home Loan Forum
Topic: Does a European need FIRB approval?
Replies: 7
Views: 10736

Does a European need FIRB approval?

Hello home loan experts!

I am from Italy and I have lived in Australia for two years in the past. I am coming to Australia again to work, and I want to buy a property there beforehand. I have heard that I may require an FIRB approval in order to buy a home in Australia. I am not sure if I need the approval, or even why it is required.

So could anyone in this forum give me more information regarding FIRB approval?
by mayer
Mon Nov 03, 2014 4:58 pm
Forum: Home Loan Forum
Topic: How is a statement different from a transaction history?
Replies: 7
Views: 9929

Re: How is a statement different from a transaction history?

It seems I may require an employment letter along with my payslips. Thanks for the heads up. My friends could benefit from your website, so I referred you guys to them. Cheers and have a good day!
by mayer
Sat Nov 01, 2014 4:21 pm
Forum: Home Loan Forum
Topic: How is a statement different from a transaction history?
Replies: 7
Views: 9929

Re: How is a statement different from a transaction history?

Hi.

I’ve also been researching home loans and I found out that payslips are generally required by lenders. I know that I’ll be able to provide them with payslips but I’m not sure if they’ll accept them or not. Can anyone help me understand what an acceptable payslip should be like?
by mayer
Fri Oct 10, 2014 3:54 pm
Forum: Home Loan Forum
Topic: Why is LVR so important for banks?
Replies: 7
Views: 10025

Re: Why is LVR so important for banks?

In general terms, what can be the highest LVR that I would be able to get for my loan?
by mayer
Fri Oct 10, 2014 1:45 pm
Forum: Home Loan Forum
Topic: Why is LVR so important for banks?
Replies: 7
Views: 10025

Re: Why is LVR so important for banks?

Hi,

A friend of mine applied for a loan a couple of months ago. On his contract of sale, the purchase price was $700,000. But when the bank ordered a valuation, the property was valued at $820,000. Although I am not planning on buying a property right now, I just want to be prepared for it. So could you tell me what happens if the value is higher than the purchase price?
by mayer
Mon Sep 01, 2014 2:23 pm
Forum: Home Loan Forum
Topic: What is my credit score?
Replies: 7
Views: 9875

Re: What is my credit score?

I didn’t know all this info was recorded in my credit file. Can you tell me at what age is my credit file created and who can access it?
by mayer
Mon Sep 01, 2014 11:54 am
Forum: Home Loan Forum
Topic: What is my credit score?
Replies: 7
Views: 9875

Re: What is my credit score?

Hi Otto,

I didn’t know there is such a thing as a “credit file.” What exactly is recorded in my credit file?
by mayer
Mon Sep 01, 2014 10:11 am
Forum: Home Loan Forum
Topic: What is my credit score?
Replies: 7
Views: 9875

What is my credit score?

Hi guys, I live and work in Sydney as a freelance graphic designer. I earn about $52,000 annually. My wife is an engineer and has an annual salary of $80,000. One of my two children is in college and the other is completing high school this year. So, we are thinking of getting a smaller place to live in.

We have found an apartment on Kent Street that is ideal for us. The asking price is $419,000. However, we do not want to sell our current home, we will be renting it out. We still owe $320,000 on our house, and we want to get a home loan for the new place too.

I know that banks rely heavily on credit score while giving out a loan. However, I don’t have much idea on what my credit score is. I would be grateful if someone would tell me how to estimate my credit score, and its main determinants.
by mayer
Tue Jul 15, 2014 2:59 pm
Forum: Home Loan Forum
Topic: What costs should I look out for when buying a house?
Replies: 7
Views: 9449

Re: What costs should I look out for when buying a house?

Oh I didn’t know these. Thanks so much for explaining it to me. Appreciate it! :)