Search found 46 matches

by jasmine
Fri Jan 23, 2015 2:12 pm
Forum: Home Loan Forum
Topic: How can I get a home loan without genuine savings?
Replies: 7
Views: 10587

Re: How can I get a home loan without genuine savings?

Thank you for the reply, Otto. The calculator that you linked to was really helpful to me.
by jasmine
Fri Jan 23, 2015 12:11 pm
Forum: Home Loan Forum
Topic: How can I get a home loan without genuine savings?
Replies: 7
Views: 10587

Re: How can I get a home loan without genuine savings?

Hi everyone,

I also need to take out a no genuine savings loan. Unfortunately, the option of getting a guarantor loan is not open to me. I guess I will just have to pay the LMI. Can I get an idea of the amount that I may need to pay for LMI?
by jasmine
Tue Sep 30, 2014 1:15 pm
Forum: Home Loan Forum
Topic: How much LMI would dentists need to pay to borrow 90%?
Replies: 7
Views: 10442

Re: How much LMI would dentists need to pay to borrow 90%?

Well, this loan sounds interesting. Not sure if my parents will agree to guarantee the loan though! :(
by jasmine
Tue Sep 30, 2014 11:12 am
Forum: Home Loan Forum
Topic: How much LMI would dentists need to pay to borrow 90%?
Replies: 7
Views: 10442

Re: How much LMI would dentists need to pay to borrow 90%?

Hi brokers, I too am a dentist and I am planning to buy a house in a few months. But I would need to borrow higher than 90%, possibly 100% of the property price since I don’t even have enough savings. Could you tell me if it would be possible for me to borrow the full amount?
by jasmine
Thu Aug 21, 2014 1:54 pm
Forum: Home Loan Forum
Topic: Can I apply for a loan with a bad credit?
Replies: 7
Views: 9414

Re: Can I apply for a loan with a bad credit?

Thanks so much for these tips. Hopefully I will be able to get a better credit rating.
by jasmine
Thu Aug 21, 2014 11:11 am
Forum: Home Loan Forum
Topic: Can I apply for a loan with a bad credit?
Replies: 7
Views: 9414

Re: Can I apply for a loan with a bad credit?

Hi there, like season4, I too had missed a few payments in the past. I now want to improve my credit rating and I wanted to know if there was a way to achieve this. Do you have any tips I can follow?
by jasmine
Mon Aug 11, 2014 3:58 pm
Forum: Home Loan Forum
Topic: How much can I borrow to buy a vacant land?
Replies: 8
Views: 11568

Re: How much can I borrow to buy a vacant land?

Thank you for the valuable information. I am going to call you as I plan to make the purchase soon.
by jasmine
Mon Aug 11, 2014 2:21 pm
Forum: Home Loan Forum
Topic: Need a home loan before going on maternity leave
Replies: 7
Views: 10642

Re: Need a home loan before going on maternity leave

Got it! Thanks for your help :) Highly appreciated! Will give you a call next week to discuss over a few details.
by jasmine
Mon Aug 11, 2014 1:00 pm
Forum: Home Loan Forum
Topic: Need a home loan before going on maternity leave
Replies: 7
Views: 10642

Re: Need a home loan before going on maternity leave

It’s disappointing that I can only borrow up to 80% of the property value while applying for a loan on maternity leave. Fortunately, I think I can manage to raise the remaining 20% on my own. Oh by the way, what documents will I need to show to the bank?
by jasmine
Mon Aug 11, 2014 11:43 am
Forum: Home Loan Forum
Topic: How much can I borrow to buy a vacant land?
Replies: 8
Views: 11568

Re: How much can I borrow to buy a vacant land?

I want to build a farm on the piece of land but I am not seeking to make a profit out of it. I want to use it as a second home for weekends and other holidays. I am confused about the distinction between a commercial farm and a hobby farm. What is the difference between the two?
by jasmine
Mon Aug 11, 2014 11:00 am
Forum: Home Loan Forum
Topic: Need a home loan before going on maternity leave
Replies: 7
Views: 10642

Need a home loan before going on maternity leave

Hi, I am planning to buy a house worth $500,000 and I need to borrow around $450,000 to complete the purchase. I am a senior consultant at a marketing agency and I make about $65,000 a year. I will be going on a maternity leave soon. I am expecting my first child in about five months. Will this affect my chances of being approved for a home loan?
by jasmine
Mon Aug 11, 2014 8:45 am
Forum: Home Loan Forum
Topic: How much can I borrow to buy a vacant land?
Replies: 8
Views: 11568

How much can I borrow to buy a vacant land?

Hi there,

I want to invest in a piece of vacant land worth $400,000. I will have to take out a loan for this.

I have a six figure income and have been paying mortgage for my house regularly. It was a ‘Principal plus Interest’ loan and I have 3 more years left on the loan term. When I had taken out this loan, I was able to borrow 95% of the property value.

Will I be able to borrow the same percentage of the property value the vacant land? Or do banks have different criteria to approve a loan for such type of property?
by jasmine
Mon Jul 21, 2014 3:16 pm
Forum: Home Loan Forum
Topic: Possible to get a home loan while on maternity leave?
Replies: 7
Views: 10675

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

Oh wow! Sounds like a great option. Let me call you up so that I can know more about how this loan works. I will give you a ring by tomorrow evening. Ciao! :)
by jasmine
Mon Jul 21, 2014 11:21 am
Forum: Home Loan Forum
Topic: Possible to get a home loan while on maternity leave?
Replies: 7
Views: 10675

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

Hi, I too was on maternity leave recently for eight months. You mentioned that we are able to borrow up to 80% and even 90% in some cases. Well I was hoping to borrow more than that, possibly 100%.

Is this possible at all??
by jasmine
Mon Jun 16, 2014 4:22 pm
Forum: Home Loan Forum
Topic: Why will my job affect my chances to get approved?
Replies: 7
Views: 10090

Re: Why will my job affect my chances to get approved?

Well, I guess it’s a good thing that I have been self-employed for the last three years then haha..