Search found 58 matches

by gleeson
Tue Sep 09, 2014 1:54 pm
Forum: Home Loan Forum
Topic: What will be the cashflow from my property investment?
Replies: 7
Views: 4440

Re: What will be the cashflow from my property investment?

As I said earlier, I have saved $110,000 for the deposit on my investment property worth $650,000. I have not given a thought to the ‘associated purchase costs’. What are these and how much can I expect to pay for these?
by gleeson
Tue Sep 09, 2014 12:01 pm
Forum: Home Loan Forum
Topic: What will be the cashflow from my property investment?
Replies: 7
Views: 4440

Re: What will be the cashflow from my property investment?

Hi Otto,

Could you tell me more about the main costs of holding a property? Does the calculator that you linked to take all of these into account while calculating the cashflow?
by gleeson
Tue Sep 09, 2014 10:12 am
Forum: Home Loan Forum
Topic: What will be the cashflow from my property investment?
Replies: 7
Views: 4440

What will be the cashflow from my property investment?

Hi forum, I am planning on buying an investment property. The house costs $650,000 and I have around $110,000 for the deposit. This will be my first investment on a property. I am unsure about whether the investment would be a wise one. I work for a university in Perth and have an annual income of $...
by gleeson
Wed Sep 03, 2014 2:45 pm
Forum: Home Loan Forum
Topic: Is it possible for self-employed to get a home loan?
Replies: 7
Views: 3640

Re: Is it possible for self-employed to get a home loan?

Well. I do have a few these documents. Let me speak to my accountant about this and I might call you guys up in a few weeks.
by gleeson
Wed Sep 03, 2014 11:19 am
Forum: Home Loan Forum
Topic: Is it possible for self-employed to get a home loan?
Replies: 7
Views: 3640

Re: Is it possible for self-employed to get a home loan?

Hey there, I too am self-employed but I have only been running my business for a year or so. I am thinking of applying for a low doc loan since I don’t have enough evidence to prove my income. In such case, what sort of documents would I need to show to the bank to have my loan approved?
by gleeson
Fri Jul 04, 2014 1:22 pm
Forum: Home Loan Forum
Topic: Should I pay off my debt or save?
Replies: 7
Views: 4462

Re: Should I pay off my debt or save?

Oh okay, I didn’t know that. In that case, I’ll talk to my parents and see what can be done to get a guarantee on my loan. Thanks Otto for your help. Bye!
by gleeson
Fri Jul 04, 2014 11:11 am
Forum: Home Loan Forum
Topic: Should I pay off my debt or save?
Replies: 7
Views: 4462

Re: Should I pay off my debt or save?

Hi Otto, I am also thinking of buying a house and I don’t have a lot of savings to apply for a standard home loan. So I am thinking of applying for a guarantor loan that you have mentioned in the previous reply. I wanted to ask you if it’s only the parents who are allowed to act as guarantor for the...
by gleeson
Wed Jun 18, 2014 2:33 pm
Forum: Home Loan Forum
Topic: Is there another way to prove my income besides payslips?
Replies: 7
Views: 15808

Re: Is there another way to prove my income besides payslips

Hmm…doesn’t sound so bad. Thanks for your help! :)
by gleeson
Wed Jun 18, 2014 1:00 pm
Forum: Home Loan Forum
Topic: Is there another way to prove my income besides payslips?
Replies: 7
Views: 15808

Re: Is there another way to prove my income besides payslips

I’m sure getting the employment letter will not be that difficult. If I do provide the alternative form of income evidence, how much will I be able to borrow?
by gleeson
Wed Jun 18, 2014 11:00 am
Forum: Home Loan Forum
Topic: Is there another way to prove my income besides payslips?
Replies: 7
Views: 15808

Is there another way to prove my income besides payslips?

Hello! I want to buy a house worth $620,000 and need a home loan to make it happen. My friends were telling me that banks ask for payslips as a proof of income. I work for my family and don't receive payslips. Although I do have a legitimate income, I don’t know how I can get a loan without payslips...
by gleeson
Tue Jun 17, 2014 2:00 pm
Forum: Home Loan Forum
Topic: Can engineers receive home loan discounts?
Replies: 7
Views: 4374

Re: Can engineers receive home loan discounts?

This is a bit of a worry as I do not earn over $150k. I guess it’s best if I speak to guys directly about this. Given this situation, I just hope it is still possible to get the LMI waived off. Anyway, speak to you soon and thanks for providing the answers.
by gleeson
Tue Jun 17, 2014 12:34 pm
Forum: Home Loan Forum
Topic: Can engineers receive home loan discounts?
Replies: 7
Views: 4374

Re: Can engineers receive home loan discounts?

Okay, are there specific requirements that I must fulfill to ensure that I do get an interest rate discount or have the LMI waived on my home loan?
by gleeson
Tue Jun 17, 2014 11:00 am
Forum: Home Loan Forum
Topic: Can engineers receive home loan discounts?
Replies: 7
Views: 4374

Can engineers receive home loan discounts?

Hi broker, I am a mining engineer and I am planning to buy a house worth $550,000. I need to apply for a home loan to complete the purchase and I had heard that like other professionals, engineers are also eligible for discounts on home loans. Is this true? If so, what sort of discounts do banks nor...
by gleeson
Tue May 27, 2014 5:11 pm
Forum: Home Loan Forum
Topic: Can I qualify for a loan while working in a family business?
Replies: 7
Views: 3835

Re: Can I qualify for a loan while working in a family busin

Will need to check which system is used for the payslip. But other than that, I think I have most of these documents. Thanks for your help. I will call you in a couple of days to talk about my loan application.
by gleeson
Tue May 27, 2014 3:55 pm
Forum: Home Loan Forum
Topic: Can I qualify for a loan while working in a family business?
Replies: 7
Views: 3835

Re: Can I qualify for a loan while working in a family busin

Well, I think I have all the documents but just to be sure, can you tell what documents in particular are required by the banks?

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