Search found 47 matches

by moodyjack
Tue Feb 24, 2015 1:45 pm
Forum: Home Loan Forum
Topic: Can a foreigner buy a property in Australia?
Replies: 7
Views: 5741

Re: Can a foreigner buy a property in Australia?

Thank you so much, Otto! I will definitely give you a call because I will need help in obtaining the FIRB approval.
by moodyjack
Tue Feb 24, 2015 12:11 pm
Forum: Home Loan Forum
Topic: Can a foreigner buy a property in Australia?
Replies: 7
Views: 5741

Re: Can a foreigner buy a property in Australia?

Hi there,

I am from the USA and work in Australia as a regional sales manager. I hold a 457 visa and am looking to buy a home in Sydney. Do I need to get an approval from the government to buy the house?
by moodyjack
Fri Jan 16, 2015 1:45 pm
Forum: Home Loan Forum
Topic: Can I take out a home loan without any deposit?
Replies: 7
Views: 4675

Re: Can I take out a home loan without any deposit?

Thank you for the information. And that calculator seems really handy.
by moodyjack
Fri Jan 16, 2015 12:11 pm
Forum: Home Loan Forum
Topic: Can I take out a home loan without any deposit?
Replies: 7
Views: 4675

Re: Can I take out a home loan without any deposit?

Hi, I also want to get a home loan without any deposit. After looking for some information, I feel that getting a guarantor loan from my parents will be the best option for me. But there is a problem – the property of my parents is mortgaged in itself. Can we get a guarantor loan in this kind of sit...
by moodyjack
Fri Dec 05, 2014 4:12 pm
Forum: Home Loan Forum
Topic: Using rental history as genuine savings
Replies: 7
Views: 4088

Re: Using rental history as genuine savings

It seems like the chances of approval increases by applying with the right lender and I think you guys would be the right people to help me choose one. So expect a call from me in the few days to discuss about this. And thanks for your answer! :)
by moodyjack
Fri Dec 05, 2014 12:00 pm
Forum: Home Loan Forum
Topic: Using rental history as genuine savings
Replies: 7
Views: 4088

Re: Using rental history as genuine savings

Hi there, I am in the process of purchasing a house in Darwin and I need a loan to complete this process. I was wondering if I could use the $25,000 gifted by my parents as a deposit on the house. Will this be considered as a genuine savings by the lenders or will I need to show money from other sou...
by moodyjack
Tue Nov 25, 2014 1:50 pm
Forum: Home Loan Forum
Topic: What are the types of "bad credit" that I may have?
Replies: 7
Views: 4814

Re: What are the types of "bad credit" that I may have?

Awesome! Thanks for your help, Otto. I’ll give you a call tomorrow to discuss this :D
by moodyjack
Mon Nov 24, 2014 5:03 pm
Forum: Home Loan Forum
Topic: What are the types of "bad credit" that I may have?
Replies: 7
Views: 4814

Re: What are the types of "bad credit" that I may have?

Hello!

A friend of mine told me that I may be able to remove certain bad credit records from my credit file. If this is true then it’ll make it so much easier for me to take out a home loan. Can anyone tell me whether this is true or not?
by moodyjack
Mon Nov 24, 2014 1:45 pm
Forum: Home Loan Forum
Topic: Can we get a home loan after bankruptcy?
Replies: 7
Views: 5234

Re: Can we get a home loan after bankruptcy?

So we would need $86,000 for the loan and we will likely pay interest at 7.65%. Maybe if we can to get another 14,000 then we'd have the 20% to go with a major bank anyway. Wouldn’t that enable us to get a much lower interest rate?
by moodyjack
Mon Nov 24, 2014 12:11 pm
Forum: Home Loan Forum
Topic: Can we get a home loan after bankruptcy?
Replies: 7
Views: 5234

Re: Can we get a home loan after bankruptcy?

We are looking to purchase a property in the range of $500,000 - $550,000. We would have about $60 - $70K by the time my wife’s bankruptcy finishes in May. We're both permanent full time teachers.
by moodyjack
Mon Nov 24, 2014 10:09 am
Forum: Home Loan Forum
Topic: Can we get a home loan after bankruptcy?
Replies: 7
Views: 5234

Can we get a home loan after bankruptcy?

Hi home loan experts! My wife and I had to become insolvent primarily as a result of illness on my part. We could also not be able to get a tenant for our home at the same time, and there were multiple factors in play. Her bankruptcy finishes next May while I am already discharged from bankruptcy. S...
by moodyjack
Thu Nov 20, 2014 5:21 pm
Forum: Home Loan Forum
Topic: Can I get a 100% home loan without any deposit?
Replies: 7
Views: 4741

Re: Can I get a 100% home loan without any deposit?

Thanks for the reply! I guess I’ll give you guys a call to further discuss this.
by moodyjack
Wed Nov 19, 2014 8:17 am
Forum: Home Loan Forum
Topic: Can I get a 100% home loan without any deposit?
Replies: 7
Views: 4741

Re: Can I get a 100% home loan without any deposit?

Hi guys.

It has been over two years since I took a guarantor home loan. Everything had been going according to plan until my parents faced a financial crisis a few months back. I want to remove the guarantee on my home loan to relieve a bit of their stress. Am I allowed to do this?
by moodyjack
Thu Nov 13, 2014 6:00 pm
Forum: Home Loan Forum
Topic: I am still on probation and need a home loan.
Replies: 7
Views: 5367

Re: I am still on probation and need a home loan.

Thanks mate! That is very good news for me. I will start looking for a house soon.
by moodyjack
Thu Nov 13, 2014 3:53 pm
Forum: Home Loan Forum
Topic: I am still on probation and need a home loan.
Replies: 7
Views: 5367

Re: I am still on probation and need a home loan.

Hi there!

I have a new job and am on probation for the next two months. Do banks limit the options available for people like us? I have heard that we have to pay a higher rate of interest and may not be offered the features offered to borrowers on permanent employment.

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