Search found 47 matches

by moodyjack
Mon Oct 27, 2014 12:31 pm
Forum: Home Loan Forum
Topic: How much do I need to save to take out a mortgage?
Replies: 7
Views: 4794

Re: How much do I need to save to take out a mortgage?

I’m not much of a tech guy but the calculator is very easy to use and understand. The calculator thinks I can afford the loan. :) That is good to know. I’ll just concentrate on saving up for now. I’ll give you a call after a few months. Cheers, mate!
by moodyjack
Fri Oct 24, 2014 5:46 pm
Forum: Home Loan Forum
Topic: How much do I need to save to take out a mortgage?
Replies: 7
Views: 4794

Re: How much do I need to save to take out a mortgage?

That means if I can save another $20,000, then I can afford to buy the house. I’m so glad to hear that. Can you give me some tips on saving a deposit?
by moodyjack
Fri Oct 24, 2014 11:18 am
Forum: Home Loan Forum
Topic: How much do I need to save to take out a mortgage?
Replies: 7
Views: 4794

How much do I need to save to take out a mortgage?

Hello, I work as a manager at a coffee shop in Elizabeth Street, Melbourne. Most of the business happens in the morning, so I need to get to the coffee shop as early as possible. The problem is that I’m currently renting an apartment which is a half an hour drive away from the shop. My car is not al...
by moodyjack
Thu Oct 09, 2014 1:00 pm
Forum: Home Loan Forum
Topic: How much LMI do I need to pay on a 95% home loan?
Replies: 7
Views: 4072

Re: How much LMI do I need to pay on a 95% home loan?

Yeah, it is a lot to think about. I will do a bit of a study on the property market for this. Thanks for your suggestions.
by moodyjack
Thu Oct 09, 2014 11:01 am
Forum: Home Loan Forum
Topic: How much LMI do I need to pay on a 95% home loan?
Replies: 7
Views: 4072

Re: How much LMI do I need to pay on a 95% home loan?

Hello! Like merrygoround, I too am in need of a 95% home loan. My brother was telling me about how much he had to pay on LMI when he borrowed 90% from the bank last year. He was suggesting that I wait a couple of months, save a few thousand dollars and borrow a lower percentage to avoid paying LMI. ...
by moodyjack
Thu Sep 18, 2014 2:12 pm
Forum: Home Loan Forum
Topic: How much interest will I pay on my home loan?
Replies: 7
Views: 5074

Re: How much interest will I pay on my home loan?

But I am one of those who think having insurance is always better because we don’t know what the future holds for us. I think I will pay the LMI nevertheless.
by moodyjack
Thu Sep 18, 2014 11:16 am
Forum: Home Loan Forum
Topic: How much interest will I pay on my home loan?
Replies: 7
Views: 5074

Re: How much interest will I pay on my home loan?

Sorry to bother you again, but you lost me at the end. What do LVR and LMI mean? Could you explain a bit more about that?
by moodyjack
Thu Sep 18, 2014 10:05 am
Forum: Home Loan Forum
Topic: How much interest will I pay on my home loan?
Replies: 7
Views: 5074

How much interest will I pay on my home loan?

Hello there, I live and work in Canberra. I am a programmer for an advertising agency and live in my parents’ home. The company has decided to transfer me to its Sydney office, probably after two months. I think that I should buy my own place there instead of renting. My annual salary is $62,000 and...
by moodyjack
Tue Jul 29, 2014 1:54 pm
Forum: Home Loan Forum
Topic: Can I avoid paying LMI on my home loan?
Replies: 7
Views: 4806

Re: Can I avoid paying LMI on my home loan?

Oh fantastic. I will call you guys as soon as possible so that this discount can be arranged on my home loan. Speak to you soon. :)
by moodyjack
Tue Jul 29, 2014 10:43 am
Forum: Home Loan Forum
Topic: Can I avoid paying LMI on my home loan?
Replies: 7
Views: 4806

Re: Can I avoid paying LMI on my home loan?

Hey, I am also planning to buy a house worth $510,000 and I need to borrow more than 85% of the property value. Is there a way to get a discount on the LMI fee? Do banks offer such discounts to normal borrowers like me??
by moodyjack
Mon May 26, 2014 3:11 pm
Forum: Home Loan Forum
Topic: No deposit to buy a house
Replies: 7
Views: 4815

Re: No deposit to buy a house

I will just give you a call since I am not sure if I meet these guidelines or not. Speak to you in a few days, bye!
by moodyjack
Mon May 26, 2014 1:31 pm
Forum: Home Loan Forum
Topic: No deposit to buy a house
Replies: 7
Views: 4815

Re: No deposit to buy a house

Well, what do banks usually look at when they lend to someone without a deposit?
by moodyjack
Mon May 26, 2014 11:12 am
Forum: Home Loan Forum
Topic: No deposit to buy a house
Replies: 7
Views: 4815

No deposit to buy a house

Hi there guys, I am thinking about buying a house but not sure if I have enough money for the deposit. I know that we are usually required to put down about 5 to 10 percentage of the property value as a deposit. Could I possibly get my loan approved without a deposit? Are there any banks that allow ...
by moodyjack
Wed May 14, 2014 11:59 am
Forum: Home Loan Forum
Topic: Need home loan to buy a unit in the city
Replies: 7
Views: 4457

Re: Need home loan to buy a unit in the city

Okay, thanks for the information. I will call you in a day or two :)
by moodyjack
Wed May 14, 2014 10:19 am
Forum: Home Loan Forum
Topic: Need home loan to buy a unit in the city
Replies: 7
Views: 4457

Re: Need home loan to buy a unit in the city

Hey, I came across this topic when I was searching for info on city units. You have already mentioned most of the things that I wanted to know about but what I really want to know is how much I can borrow. Are there any restrictions on this as well?

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