Search found 48 matches

by totoro
Wed Jul 16, 2014 11:32 am
Forum: Home Loan Forum
Topic: Can I include rental income when applying for a home loan?
Replies: 7
Views: 6689

Re: Can I include rental income when applying for a home loa

Hey, my home loan application was declined a few months ago because the bank said I more reliant on rent than my salary. I don’t understand why they would do this because I thought the whole point was to assess whether I can afford the loan or not and with the amount of rent I am earning, this shoul...
by totoro
Mon Jul 07, 2014 7:48 pm
Forum: Home Loan Forum
Topic: How much can I borrow to purchase a hobby farm?
Replies: 7
Views: 5469

Re: How much can I borrow to purchase a hobby farm?

I checked out your website and learnt quite a bit about hobby farm loans as well as inner city unit mortgages. I think I need to discuss this clearly with my family. Thanks, Otto, for your prompt responses. I’ll call you after we’ve come up with a unanimous decision on what property to buy. Until th...
by totoro
Mon Jul 07, 2014 12:36 pm
Forum: Home Loan Forum
Topic: How much can I borrow to purchase a hobby farm?
Replies: 7
Views: 5469

Re: How much can I borrow to purchase a hobby farm?

Thanks, but my family wants me to consider buying an inner city unit instead, although I still think I’ll buy a hobby farm...

I want to know how banks assess hobby farms. Can you tell me something about this?
by totoro
Mon Jul 07, 2014 7:17 am
Forum: Home Loan Forum
Topic: How much can I borrow to purchase a hobby farm?
Replies: 7
Views: 5469

How much can I borrow to purchase a hobby farm?

Hi. I’ve been planning on purchasing a hobby farm for investment purposes. It’s been a while since I’ve found a property that I like but I am not able to finance it myself. I want to take out a hobby farm loan in order to go through with my plans. I want to know how much I’ll be allowed to borrow to...
by totoro
Mon Jun 23, 2014 2:01 pm
Forum: Home Loan Forum
Topic: How difficult is it for a casual employee to be approved?
Replies: 7
Views: 5891

Re: How difficult is it for a casual employee to be approved

Great! I had sold my old car a couple of months ago for a decent amount. Will call you to check if this will be accepted by the lenders you work with. So I will contact you guys within the next two days. By the way, thanks for the help! Bye!
by totoro
Mon Jun 23, 2014 12:14 pm
Forum: Home Loan Forum
Topic: How difficult is it for a casual employee to be approved?
Replies: 7
Views: 5891

Re: How difficult is it for a casual employee to be approved

Oh okay. By the way, what do the banks consider as genuine savings?
by totoro
Mon Jun 23, 2014 11:12 am
Forum: Home Loan Forum
Topic: How difficult is it for a casual employee to be approved?
Replies: 7
Views: 5891

How difficult is it for a casual employee to be approved?

Hi home loan experts, I am a casual employee and I work at a retail store. I am planning to buy a house in two to three months and I would need to apply for a home loan to complete the purchase. I have been told that banks follow a strict guideline while assessing the employment history of the appli...
by totoro
Tue May 13, 2014 2:55 pm
Forum: Home Loan Forum
Topic: Possible to get a discount on LMI?
Replies: 7
Views: 6361

Re: Possible to get a discount on LMI?

Well, I do manage to save a certain amount every month. I guess this won’t be a problem for me. Thanks for your help with this. Bye!
by totoro
Tue May 13, 2014 1:01 pm
Forum: Home Loan Forum
Topic: Possible to get a discount on LMI?
Replies: 7
Views: 6361

Re: Possible to get a discount on LMI?

No. Btw, what do you mean by genuine savings exactly?
by totoro
Tue May 13, 2014 11:12 am
Forum: Home Loan Forum
Topic: Possible to get a discount on LMI?
Replies: 7
Views: 6361

Possible to get a discount on LMI?

Hi home loan experts, I am planning to buy a house in a couple of weeks and I may need to borrow more than 85% of the property value. I have friends who have bought houses recently and all of them have been complaining about banks overcharging on LMIs. Could you tell me if there are banks who offer ...
by totoro
Fri Apr 11, 2014 2:11 pm
Forum: Home Loan Forum
Topic: What loan discounts are available for doctors?
Replies: 7
Views: 5647

Re: What loan discounts are available for doctors?

Oh okay. I will contact one of the brokers to see which discounts I am eligible for. By the way, thanks for your help. Bye.
by totoro
Fri Apr 11, 2014 11:43 am
Forum: Home Loan Forum
Topic: What loan discounts are available for doctors?
Replies: 7
Views: 5647

Re: What loan discounts are available for doctors?

That’s sound great. So what about the criteria? Am I required to fulfill any additional criteria in order to qualify for a loan discount?
by totoro
Fri Apr 11, 2014 9:02 am
Forum: Home Loan Forum
Topic: What loan discounts are available for doctors?
Replies: 7
Views: 5647

What loan discounts are available for doctors?

Hi brokers, I am planning to buy a house in a few months and I need to apply for a home loan to complete the purchase. I am a specialist doctor and as a professional I was wondering the sort of discount I may be able to get on my home loan. Can you tell me what discounts are available for doctors?
by totoro
Wed Apr 02, 2014 10:19 am
Forum: Home Loan Forum
Topic: Are there home loan discounts for lawyers?
Replies: 7
Views: 5584

Re: Are there home loan discounts for lawyers?

Okay I will call you within this week to discuss more about my situation.

Thank you for sharing these points!
by totoro
Tue Apr 01, 2014 3:11 pm
Forum: Home Loan Forum
Topic: Are there home loan discounts for lawyers?
Replies: 7
Views: 5584

Re: Are there home loan discounts for lawyers?

I am a registered member of one of the associations you have mentioned above.

What I want to know more about is the waived LMI.