Search found 44 matches

by melharris56
Mon Jan 19, 2015 5:49 pm
Forum: Home Loan Forum
Topic: Does anybody know the costs of buying a home?
Replies: 7
Views: 9996

Re: Does anybody know the costs of buying a home?

Thanks for the information, Otto. I still have a few enquiries about my situation. I will be contacting you in a few days for further information.
by melharris56
Sat Jan 17, 2015 12:07 pm
Forum: Home Loan Forum
Topic: Does anybody know the costs of buying a home?
Replies: 7
Views: 9996

Re: Does anybody know the costs of buying a home?

Hello forums,

I live in Ivanhoe and am looking to get a home loan to buy my first house. I’ve heard that some of the states offer grants for new home buyers. I think it was called FHOG. I was wondering if I was eligible for one of these grant. Can somebody please explain to me what FHOG means?
by melharris56
Mon Jan 12, 2015 2:45 pm
Forum: Home Loan Forum
Topic: Can I borrow 90% for a house?
Replies: 7
Views: 9420

Re: Can I borrow 90% for a house?

Thank you for the reply. The calculator has been really helpful to me. Cheers!
by melharris56
Mon Jan 12, 2015 11:34 am
Forum: Home Loan Forum
Topic: Can I borrow 90% for a house?
Replies: 7
Views: 9420

Re: Can I borrow 90% for a house?

Hi everyone,

I am also thinking about borrowing 90% for a house. I am, however, unsure of the amount I need to pay for LMI. Could someone give me an idea on this?
by melharris56
Tue Dec 09, 2014 3:01 pm
Forum: Home Loan Forum
Topic: I got bad credit. Can I get a loan?
Replies: 7
Views: 10441

Re: I got bad credit. Can I get a loan?

I didn’t know that these small utilities might affect my home loan application. Thank you for clarifying that to me. Now I will be more prudent and pay much attention to my credit history when I apply for a loan. If I have any doubts, then I will definitely ring you guys up.

Cheers!
by melharris56
Tue Dec 09, 2014 12:12 pm
Forum: Home Loan Forum
Topic: I got bad credit. Can I get a loan?
Replies: 7
Views: 10441

Re: I got bad credit. Can I get a loan?

I recently changed my cable TV provider and my internet service company. Does this create new enquiries on my file and should I be worried?
by melharris56
Thu Nov 20, 2014 2:13 pm
Forum: Home Loan Forum
Topic: Does a Singaporean need FIRB approval?
Replies: 7
Views: 10546

Re: Does a Singaporean need FIRB approval?

Thank you for the explanation. I will definitely call you guys when I am free to guide me to get a mortgage.
by melharris56
Thu Nov 20, 2014 12:11 pm
Forum: Home Loan Forum
Topic: Does a Singaporean need FIRB approval?
Replies: 7
Views: 10546

Re: Does a Singaporean need FIRB approval?

Hi Otto,

Thank you for the reply. So how long does it take to obtain an approval from the Foreign Investment Review Board? Will my application for FIRB approval be approved or not?
by melharris56
Thu Nov 20, 2014 10:09 am
Forum: Home Loan Forum
Topic: Does a Singaporean need FIRB approval?
Replies: 7
Views: 10546

Does a Singaporean need FIRB approval?

Hi everyone!

My father is ongoing medical treatment in Australia, and I am here with him. It seems that we will be here for the foreseeable future. We have been renting an apartment in Sydney and keeping on paying rent is looking like an unwise choice. We have been paying AUD 400 per week in rent, and it seems that we may be able to get a mortgage by paying slightly more than that.

I am originally from Singapore, and one of my friends over there had bought a property some time ago in Australia. He had mentioned something about getting an FIRB approval from the Australian government before buying a property. Since I am living in Australia at the moment, do I also require the approval? If I do, could someone elaborate a more about the approval?

Thanks in advance!
by melharris56
Fri Nov 14, 2014 1:28 pm
Forum: Home Loan Forum
Topic: How does LVR affect my home loan application?
Replies: 7
Views: 7699

Re: How does LVR affect my home loan application?

Hi there,

I am also planning to buy an apartment in Brisbane. Could you please elaborate on what a ‘low doc applicant’ is?
by melharris56
Tue Sep 02, 2014 2:59 pm
Forum: Home Loan Forum
Topic: An Australian expat looking for a home loan
Replies: 7
Views: 8191

Re: An Australian expat looking for a home loan

That is good news for me :) Thanks for sharing this information with me Otto!
by melharris56
Tue Sep 02, 2014 12:12 pm
Forum: Home Loan Forum
Topic: An Australian expat looking for a home loan
Replies: 7
Views: 8191

Re: An Australian expat looking for a home loan

Hi there, I am from New Zealand and I am also planning to buy a house down here. Does a NZ citizen also need to apply for FIRB approval?
by melharris56
Fri Aug 08, 2014 3:03 pm
Forum: Home Loan Forum
Topic: How much can I borrow to buy a hotel unit?
Replies: 7
Views: 8865

Re: How much can I borrow to buy a hotel unit?

I don’t think I have a problem with anything as long as I can borrow at least 85% of the property value. I’ll give you a call to discuss my situation and loan needs after I decide what to go for. Thanks for your help.
by melharris56
Thu Aug 07, 2014 6:28 pm
Forum: Home Loan Forum
Topic: How much can I borrow to buy a hotel unit?
Replies: 7
Views: 8865

Re: How much can I borrow to buy a hotel unit?

A friend of mine suggested me to consider purchasing an inner city apartment instead of investing in a hotel unit. He explained the benefits of it to me and I’ve come to agree much of what he said. How much will I be able to borrow if I want to buy an inner city unit?
by melharris56
Thu Aug 07, 2014 2:01 pm
Forum: Home Loan Forum
Topic: What’s credit enquiry and how it affects our credit score?
Replies: 7
Views: 7947

Re: What’s credit enquiry and how it affects our credit scor

I am bit confused since I am not sure I meet the above criteria. I will call you to see whether I qualify or not.