Search found 64 matches

by thomas
Mon May 18, 2015 6:32 pm
Forum: Property Investment Forum
Topic: Has the policy changed for investment property loans?
Replies: 7
Views: 44156

Re: Has the policy changed for investment property loans?

Honestly, it’s a bit scary to think that I might even get sued because of the policy changes. Anyway, I’ve got to try my best not to get all caught up in this. I’ll definitely call you by the end of the day tomorrow to further discuss my situation.
by thomas
Mon May 18, 2015 12:16 pm
Forum: Property Investment Forum
Topic: Has the policy changed for investment property loans?
Replies: 7
Views: 44156

Re: Has the policy changed for investment property loans?

This is bad news no matter how I look at it. If these changes have been made, then I don’t think I’ll be able to afford the new property that I was planning to buy.

Do you think that I can still get approval on my loan?
by thomas
Sun May 17, 2015 5:23 pm
Forum: Property Investment Forum
Topic: Has the policy changed for investment property loans?
Replies: 7
Views: 44156

Has the policy changed for investment property loans?

Hi, I purchased an investment property at the beginning of the previous year and it’s been profitable thus far. So I purchased another investment property off the plan a few months back. I needed a loan for it so before purchasing, I’d spoken to my accountant. He’d agreed that I could afford to put ...
by thomas
Fri Jan 16, 2015 12:06 pm
Forum: Commercial Loan Forum
Topic: How do lenders assess lease income for lease doc loan?
Replies: 7
Views: 25403

Re: How do lenders assess lease income for lease doc loan?

Cool. Thanks a lot for all your help, Otto. I’ll have a look at your website for now and will give you a call after I’ve given it more thought. Have a nice day.
by thomas
Thu Jan 15, 2015 8:40 pm
Forum: Commercial Loan Forum
Topic: How do lenders assess lease income for lease doc loan?
Replies: 7
Views: 25403

Re: How do lenders assess lease income for lease doc loan?

That sounds reasonable I guess. But what if I can’t qualify for the loan for any reason? What other type of loan can I consider just in case?
Also, I can’t provide all of my financials because of my employment.
by thomas
Thu Jan 15, 2015 2:02 pm
Forum: Commercial Loan Forum
Topic: How do lenders assess lease income for lease doc loan?
Replies: 7
Views: 25403

How do lenders assess lease income for lease doc loan?

Hi, I’m a self-employed videographer currently living in a rented apartment in Delaware. On a good year, I can earn up to $60,000 (which is what I’ve been earning for the past two years). I was thinking of investing in a commercial property for my business so I want to take out a mortgage. A friend ...
by thomas
Wed Dec 31, 2014 3:43 pm
Forum: Home Loan Forum
Topic: Can I use a property I own for a new home loan?
Replies: 7
Views: 6971

Re: Can I use a property I own for a new home loan?

Oh, I didn’t know that! Thank you for the clarification, Otto.
by thomas
Wed Dec 31, 2014 1:31 pm
Forum: Home Loan Forum
Topic: Can I use a property I own for a new home loan?
Replies: 7
Views: 6971

Re: Can I use a property I own for a new home loan?

Hi!

I wanted to buy a new apartment by using my old house (I don’t have a deposit) but my bank said I do not have enough equity. What does that mean?
by thomas
Tue Dec 16, 2014 7:27 pm
Forum: Home Loan Forum
Topic: Can a foreigner buy a property in Australia?
Replies: 7
Views: 7436

Re: Can a foreigner buy a property in Australia?

Thanks! I was able to get a lot of information from your reply. I will talk to my family and give you a call personally if we decide to buy the property.

Thank you very much, Otto.
by thomas
Tue Dec 16, 2014 2:04 pm
Forum: Home Loan Forum
Topic: Can a foreigner buy a property in Australia?
Replies: 7
Views: 7436

Re: Can a foreigner buy a property in Australia?

That sounds wonderful! I would appreciate the help. But how do I apply for the loan? Can you explain to me how the loan application process works for foreigners?

Regards.
by thomas
Tue Dec 16, 2014 8:14 am
Forum: Home Loan Forum
Topic: Can a foreigner buy a property in Australia?
Replies: 7
Views: 7436

Can a foreigner buy a property in Australia?

Hi, I’m from India and I recently learned about foreign property investment in Australia. As a businessman, I’d love the opportunity to buy a property in Australia. However, since I’m new to the Australian mortgage industry, I have limited knowledge to rely on. Is it possible for foreigners to borro...
by thomas
Wed Nov 12, 2014 2:15 pm
Forum: Home Loan Forum
Topic: How much can a non-Australian borrow for a property?
Replies: 7
Views: 7143

Re: How much can a non-Australian borrow for a property?

Thank you for the explanation. It seems the issues behind genuine savings policy are complex. I will call you and talk to you in person to discuss my situation.
by thomas
Wed Nov 12, 2014 1:23 pm
Forum: Home Loan Forum
Topic: How much can a non-Australian borrow for a property?
Replies: 7
Views: 7143

Re: How much can a non-Australian borrow for a property?

Thank you for the reply, Otto. However, I do not have any genuine savings. Can I still qualify for a high LVR home loan?
by thomas
Wed Nov 12, 2014 11:45 am
Forum: Home Loan Forum
Topic: How much can a non-Australian borrow for a property?
Replies: 7
Views: 7143

How much can a non-Australian borrow for a property?

Hi home loan experts! I am a commercial diver in Sydney and have an annual income of $77,000. I am in Australia on a work visa and I would like to live in Sydney for the foreseeable future. I am currently renting and I want to buy a house of my own. There is a nice two bedroom boutique apartment on ...
by thomas
Fri Oct 31, 2014 3:54 pm
Forum: Home Loan Forum
Topic: Will I be able to get a loan discount as a doctor?
Replies: 7
Views: 6786

Re: Will I be able to get a loan discount as a doctor?

Thanks for your answers. I will contact you in a couple of days to discuss about my chance of qualifying for a home loan discount. Bye!