Search found 47 matches

by marylamb
Wed Feb 11, 2015 11:59 am
Forum: Home Loan Forum
Topic: Can I get a mortgage as a foreigner in Australia?
Replies: 7
Views: 5104

Re: Can I get a mortgage as a foreigner in Australia?

Oh.. I see. I guess I will have to look around for a new house since I plan on having a house in Australia for the foreseeable future. That is too bad since I had already found a property that would be ideal for me except that it is not a new one. Thanks for the reply!
by marylamb
Wed Feb 11, 2015 10:45 am
Forum: Home Loan Forum
Topic: Can I get a mortgage as a foreigner in Australia?
Replies: 7
Views: 5104

Re: Can I get a mortgage as a foreigner in Australia?

Hi everyone! I am a worker on 457 visa and I was also thinking of buying my own house. However, I have heard that temporary residents will not be able to retain the ownership of their property once their visa expires. Is that really true? What is the point in buying a house if we are not allowed to ...
by marylamb
Tue Jan 13, 2015 2:14 pm
Forum: Home Loan Forum
Topic: A director’s liability in a company home loan?
Replies: 7
Views: 5223

Re: A director’s liability in a company home loan?

I’m scheduled to be in Australia next week to personally see the properties I want to purchase. I’ll give you a call then to schedule a meeting to further discuss my situation. I really appreciate your help, Otto.

Have a great day.
by marylamb
Mon Jan 12, 2015 6:51 pm
Forum: Home Loan Forum
Topic: A director’s liability in a company home loan?
Replies: 7
Views: 5223

Re: A director’s liability in a company home loan?

Hello there, Otto. Thanks for the information but I’m still not completely clear about the subject. Could you care to explain a little about how my application will be assessed?
by marylamb
Sat Jan 10, 2015 2:16 pm
Forum: Home Loan Forum
Topic: A director’s liability in a company home loan?
Replies: 7
Views: 5223

A director’s liability in a company home loan?

Hello home loan experts, I’m the director of a fashion studio in London. I’ve heard that Australian properties are considered good investments. As I’ve already invested in a few properties here, I was thinking of investing in a property in Australia as well. I want to take out a mortgage under my co...
by marylamb
Tue Dec 16, 2014 2:34 pm
Forum: Home Loan Forum
Topic: Should I buy a house as an investment?
Replies: 7
Views: 4729

Re: Should I buy a house as an investment?

Hello everyone!

I am also thinking of investment in a property. However, I have heard that banks may not approve loans for some types of property. Could anyone tell me what are the types of property acceptable to banks?
by marylamb
Mon Dec 08, 2014 4:00 pm
Forum: Home Loan Forum
Topic: Will a default affect my chances of being approved?
Replies: 7
Views: 4466

Re: Will a default affect my chances of being approved?

Okay, got it. I didn’t know enquiries were also recorded in the credit file. Thanks for the breakdown – quite helpful! Appreciate it :). Bye!
by marylamb
Mon Dec 08, 2014 12:12 pm
Forum: Home Loan Forum
Topic: Will a default affect my chances of being approved?
Replies: 7
Views: 4466

Re: Will a default affect my chances of being approved?

Hi there Otto, I am also thinking of buying a house and applying for a loan with a default on my credit file. Reading your replies has made me hopeful about getting a loan. I just needed to ask you about credit file. Basically, what other information is recorded in a person’s credit file and for how...
by marylamb
Tue Nov 11, 2014 1:21 pm
Forum: Home Loan Forum
Topic: What's the criteria to qualify for first home owners grants?
Replies: 7
Views: 4858

Re: What's the criteria to qualify for first home owners gra

Well, that’s some relief I guess. I will give you a call to see if you can arrange this type of discount for me. :)
by marylamb
Tue Nov 11, 2014 12:00 pm
Forum: Home Loan Forum
Topic: What's the criteria to qualify for first home owners grants?
Replies: 7
Views: 4858

Re: What's the criteria to qualify for first home owners gra

Hi there, I too am buying a house for the first time. I need to borrow money to complete the purchase and I have heard that you can arrange for a special discount for all sorts of borrowers. Well, are there any discounts available for a first home buyer like me?
by marylamb
Tue Oct 28, 2014 2:01 pm
Forum: Home Loan Forum
Topic: How is “genuine savings” different from “savings”?
Replies: 7
Views: 4160

Re: How is “genuine savings” different from “savings”?

Thank you for taking the time to answer my queries. I will definitely call you guys soon to discuss my home loan application.
by marylamb
Tue Oct 28, 2014 12:45 pm
Forum: Home Loan Forum
Topic: How is “genuine savings” different from “savings”?
Replies: 7
Views: 4160

Re: How is “genuine savings” different from “savings”?

Hi Otto, thanks for the explanation. Could you also tell me what is not regarded as genuine savings by the banks? You said that I do not need genuine savings if the loan to value ratio is less than 80%. What does that mean?
by marylamb
Tue Oct 28, 2014 11:02 am
Forum: Home Loan Forum
Topic: How is “genuine savings” different from “savings”?
Replies: 7
Views: 4160

How is “genuine savings” different from “savings”?

Hello home loan experts! I am a receptionist for a private clinic in Melbourne. My annual salary is $46,000. I have more than $40,000 in savings and I want to buy my own apartment. I was looking at properties for sale and there is this apartment on St Kilda Road. Priced at $480,000, the apartment is...
by marylamb
Fri Aug 15, 2014 2:01 pm
Forum: Home Loan Forum
Topic: What are the causes of a low credit score?
Replies: 7
Views: 4796

Re: What are the causes of a low credit score?

That’s great news! I will give you a call in a day or two to see how much loan I can qualify for. Catch you soon, bye!
by marylamb
Fri Aug 15, 2014 11:01 am
Forum: Home Loan Forum
Topic: What are the causes of a low credit score?
Replies: 7
Views: 4796

Re: What are the causes of a low credit score?

Hi brokers, I had applied for a home loan a couple of months ago and it was declined. I also tried out your credit score calculator and it showed a low score. I have found a nice house which the seller is willing to sell at a reasonable price. Are there any banks who offer home loans to people with ...

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