Search found 47 matches

by rubydays
Fri Feb 20, 2015 11:45 am
Forum: Home Loan Forum
Topic: Why is my bank saying I can’t get LMI?
Replies: 7
Views: 11220

Re: Why is my bank saying I can’t get LMI?

Thank you for your time. Your reply makes sense to me, so I will follow your advice and contact you guys after some time.
by rubydays
Fri Feb 20, 2015 10:09 am
Forum: Home Loan Forum
Topic: Why is my bank saying I can’t get LMI?
Replies: 7
Views: 11220

Re: Why is my bank saying I can’t get LMI?

Hi there!

I am relatively new to Australia and have not applied for credit before. I have heard that that may make it difficult for me to buy a house. Has anyone got any tips for my situation?
by rubydays
Fri Jan 30, 2015 2:01 pm
Forum: Home Loan Forum
Topic: Can I get a mortgage without a deposit?
Replies: 7
Views: 10430

Re: Can I get a mortgage without a deposit?

Hi Otto, thank you for telling me about this. Since I have almost paid off my current mortgage, it seems like I will qualify for a no deposit loan.
by rubydays
Tue Jan 20, 2015 12:11 pm
Forum: Home Loan Forum
Topic: Can I get a mortgage without a deposit?
Replies: 7
Views: 10430

Re: Can I get a mortgage without a deposit?

Hi there,

I am thinking about investing in a new property. I learned in this thread that I may be able to use my equity as the deposit on a new loan. Could someone tell me more about this?
by rubydays
Tue Nov 25, 2014 3:11 pm
Forum: Home Loan Forum
Topic: Can I get a discount on LMI?
Replies: 7
Views: 10124

Re: Can I get a discount on LMI?

Awesome! I hope I don’t have to pay as much. Thanks for letting me know about this. Much appreciated!
by rubydays
Tue Nov 25, 2014 12:12 pm
Forum: Home Loan Forum
Topic: Can I get a discount on LMI?
Replies: 7
Views: 10124

Re: Can I get a discount on LMI?

Hi, like HelloKitty, I am also planning to buy a house very soon. I am not really looking for a discount on LMI, in fact I was hoping to avoid the fee altogether. Is this possible even if I need to borrow over 85%?
by rubydays
Wed Nov 12, 2014 8:14 pm
Forum: Home Loan Forum
Topic: Which business visas are eligible to take out a loan?
Replies: 7
Views: 9489

Re: Which business visas are eligible to take out a loan?

Nice! I will try to take out 85% of the property value but I am pretty sure that I will need your help. I will give you a call by the end of this month to discuss everything. Cheers.
by rubydays
Wed Nov 12, 2014 2:14 pm
Forum: Home Loan Forum
Topic: Which business visas are eligible to take out a loan?
Replies: 7
Views: 9489

Re: Which business visas are eligible to take out a loan?

Hello,

I am here in Australia on a 457 work visa. I am thinking of applying for a permanent resident visa so I want to buy a small house in order to move in by the time I get the visa. But I need to take out a home loan to finance the purchase. How much will I be able to borrow?
by rubydays
Thu Oct 30, 2014 3:21 pm
Forum: Home Loan Forum
Topic: How to qualify for LMI discount?
Replies: 7
Views: 10012

Re: How to qualify for LMI discount?

Thanks for answering! Will call you if I need help with finding a suitable lender. Bye!
by rubydays
Thu Oct 30, 2014 12:01 pm
Forum: Home Loan Forum
Topic: How to qualify for LMI discount?
Replies: 7
Views: 10012

Re: How to qualify for LMI discount?

Hi Otto, I too am on the hunt to buy a house. Like elon, I will also need a home loan to complete the purchase. I saw you mentioned genuine savings twice in your replies. How does a bank assess whether the savings are “genuine” or not. I mean is there a guideline for this?
by rubydays
Thu Aug 21, 2014 1:59 pm
Forum: Home Loan Forum
Topic: How can I qualify for the first home owners grant?
Replies: 7
Views: 9804

Re: How can I qualify for the first home owners grant?

Okay, got it! Let me just see what the result shows. Bye! :)
by rubydays
Thu Aug 21, 2014 11:13 am
Forum: Home Loan Forum
Topic: How can I qualify for the first home owners grant?
Replies: 7
Views: 9804

Re: How can I qualify for the first home owners grant?

Hi Otto, I am also buying a house for the first time. Even most of my queries have already been answered in the above replies; there was one small thing I needed to ask you. Is there any way of finding out how much grant I can receive from the government?
by rubydays
Fri Jun 13, 2014 3:12 pm
Forum: Home Loan Forum
Topic: 95% home loans for 457 visa holders?
Replies: 7
Views: 9966

Re: 95% home loans for 457 visa holders?

Okay, I will get the FIRB application form and will keep the things you have listed in mind when I begin house hunting! Gracias Otto ;)
by rubydays
Fri Jun 13, 2014 11:12 am
Forum: Home Loan Forum
Topic: 95% home loans for 457 visa holders?
Replies: 7
Views: 9966

Re: 95% home loans for 457 visa holders?

Hi Otto, I am a 457 visa holder and I am also thinking of buying a house out here. Before I start house hunting I just want to confirm the type of property I am allowed to buy. Could you please guide me on this?
by rubydays
Mon May 26, 2014 2:11 pm
Forum: Home Loan Forum
Topic: Can I apply for a home loan if I am self-employed?
Replies: 7
Views: 9902

Re: Can I apply for a home loan if I am self-employed?

Well, I will speak to my accountant about this and get back to you. Hope I can qualify for a loan :geek: fingers crossed! Thanks for the help.