Search found 49 matches

by season4
Wed Feb 11, 2015 1:12 pm
Forum: Home Loan Forum
Topic: Why is my bank asking me to pay LMI?
Replies: 7
Views: 10448

Re: Why is my bank asking me to pay LMI?

Thank you for the information, Otto. The calculator was really helpful to me. Cheers!
by season4
Wed Feb 11, 2015 11:10 am
Forum: Home Loan Forum
Topic: Why is my bank asking me to pay LMI?
Replies: 7
Views: 10448

Re: Why is my bank asking me to pay LMI?

Hi everyone,

I need to borrow more than 90% for a house and I have no idea on the size of the LMI premium that I will have to pay. Can anyone give me an idea about that?
by season4
Thu Jan 22, 2015 1:56 pm
Forum: Home Loan Forum
Topic: Are there special home loan provisions for lawyers?
Replies: 7
Views: 10165

Re: Are there special home loan provisions for lawyers?

Thank you for the information, Otto. It seems I need to contact you guys since there are different options to choose from.
by season4
Thu Jan 22, 2015 12:11 pm
Forum: Home Loan Forum
Topic: Are there special home loan provisions for lawyers?
Replies: 7
Views: 10165

Re: Are there special home loan provisions for lawyers?

Hi there,

I am a lawyer practising in Melbourne. I was also thinking about purchasing a property worth about a million dollars, and I can put around $100,000 as a deposit on the home loan. Unfortunately, my income is less than $150,000 and paying $24,000 for LMI seems a tad too expensive to me. Are there any ways that I can avoid paying the LMI premium?
by season4
Fri Dec 12, 2014 3:56 pm
Forum: Home Loan Forum
Topic: Using SMSF to buy property
Replies: 8
Views: 12291

Re: Using SMSF to buy property

Thank you for taking the time to answer my query. Cheers!
by season4
Fri Dec 12, 2014 1:45 pm
Forum: Home Loan Forum
Topic: Using SMSF to buy property
Replies: 8
Views: 12291

Re: Using SMSF to buy property

Hi!

I am also thinking about using my superannuation to buy a commercial property. However, I have heard that there are strict rules that apply to SMSF loans. Could anyone briefly tell me about those rules?
by season4
Fri Nov 21, 2014 3:59 pm
Forum: Commercial Loan Forum
Topic: How do banks assess applications for hotel loans?
Replies: 7
Views: 17324

Re: How do banks assess applications for hotel loans?

Hi Otto,

Your services look very promising. I’d really like to speak with one of your brokers about the loan. I’m going to meet the owner of the hotel I’m looking to buy on Thursday. I’ll give you a call next week to further discuss the loan application process. Gratitudes for your help. Have a great day :)
by season4
Wed Nov 19, 2014 2:04 pm
Forum: Commercial Loan Forum
Topic: How do banks assess applications for hotel loans?
Replies: 7
Views: 17324

Re: How do banks assess applications for hotel loans?

Hey Otto,

Thank you so much for the swift reply. I talked to my friend, who had recommended this forum the other day, and I came to know that you guys can also help out apart from the forums. Maybe I can consider hiring your services if I know exactly how you guys can help me.

Also, can you please let me know how long it will take to reach settlement on the hotel?
by season4
Tue Nov 18, 2014 9:41 am
Forum: Commercial Loan Forum
Topic: How do banks assess applications for hotel loans?
Replies: 7
Views: 17324

How do banks assess applications for hotel loans?

Hello Home Loan Forum,

I’m from Longreach and I’m looking to purchase a small hotel here. The property is worth $570,000 and I need to take out a ‘hotel loan’ to be able to afford it.

My concern is my lack of understanding of how the bank will assess my loan application. One of my friends who bought a house this past year recommended me to make use of this forum. So can anyone in this forum please clear this up for me?
by season4
Tue Nov 04, 2014 1:54 pm
Forum: Home Loan Forum
Topic: Can an international student get a home loan in Australia?
Replies: 7
Views: 10600

Re: Can an international student get a home loan in Australi

Why don’t I need to pay LMI if I am getting a guarantor loan?
by season4
Tue Nov 04, 2014 9:45 am
Forum: Home Loan Forum
Topic: Can an international student get a home loan in Australia?
Replies: 7
Views: 10600

Re: Can an international student get a home loan in Australi

Hi there,

I am an international student and I married an Australian citizen ten months back. I want to buy a home worth about $670,000. I have about $110,000 available to me that I can place as a deposit on my home loan.

Will it be easier for me to get a home loan since I am married to an Australian? Are there any special provisions that I should be aware of?
by season4
Mon Nov 03, 2014 4:47 pm
Forum: Home Loan Forum
Topic: How much can I borrow on a duplex home loan?
Replies: 7
Views: 10156

Re: How much can I borrow on a duplex home loan?

Ah, I see. I looked through your website and learnt even more, thanks. I may call your office anytime within the end of this week. I want to discuss my personal situation as well as my loan needs with you. Until then, goodbye.
by season4
Mon Nov 03, 2014 11:29 am
Forum: Home Loan Forum
Topic: How much can I borrow on a duplex home loan?
Replies: 7
Views: 10156

Re: How much can I borrow on a duplex home loan?

Hello everyone.

I have lived way too long in an apartment, constantly paying rent. I want to buy my own place and have already found a suitable property. It is a mixed use property, and I want to know how much I will be able to borrow to finance its purchase. Can anyone help me with this?
by season4
Fri Sep 26, 2014 1:01 pm
Forum: Home Loan Forum
Topic: Can an accountant qualify for a loan discount?
Replies: 7
Views: 9525

Re: Can an accountant qualify for a loan discount?

Hmm..my loan amount may lie somewhere between $450k to $500k. I will have a go at the calculator and give you a call after that. By the way, thanks for your answer. Bye!
by season4
Fri Sep 26, 2014 11:00 am
Forum: Home Loan Forum
Topic: Can an accountant qualify for a loan discount?
Replies: 7
Views: 9525

Re: Can an accountant qualify for a loan discount?

Hello brokers, I too am an accountant and I also need to borrow money to buy a house worth $520,000. Could you tell me how much interest rate discount would I normally be able to receive from the banks?