Search found 48 matches

by totoro
Tue Apr 01, 2014 12:10 pm
Forum: Home Loan Forum
Topic: Are there home loan discounts for lawyers?
Replies: 7
Views: 5584

Are there home loan discounts for lawyers?

I’m planning to buy a house worth $550,000 and I need to borrow about $480,000. I have heard that there are special discounts for certain industry professionals but I’m not sure if this applies to me as well – FYI I am a lawyer in a private law firm and I currently make about $60,000 a year. If it d...
by totoro
Wed Feb 26, 2014 7:33 pm
Forum: Home Loan Forum
Topic: How much LMI do I have to pay?
Replies: 9
Views: 6388

Re: How much LMI do I have to pay?

Thanks Otto. I will get in touch with you soon and hopefully you guys can help me with my home loan!
by totoro
Wed Feb 26, 2014 2:57 pm
Forum: Home Loan Forum
Topic: How much LMI do I have to pay?
Replies: 9
Views: 6388

Re: How much LMI do I have to pay?

So does it make a difference if my bank has a DUA or not? Will it benefit me as a borrower?
by totoro
Wed Feb 26, 2014 9:49 am
Forum: Home Loan Forum
Topic: How much LMI do I have to pay?
Replies: 9
Views: 6388

Re: How much LMI do I have to pay?

Hey experts, I want to get a home loan soon and was looking this up and somehow landed on your forum.

I am already clear about most of the general terms involved but I had a small confusion – can you tell me who approves an LMI? Is it done by the banks themselves or some insurers?
by totoro
Tue Jan 28, 2014 11:12 am
Forum: Home Loan Forum
Topic: Which banks can give me cheapest LMI?
Replies: 7
Views: 6958

Which banks can give me cheapest LMI?

Home loan experts I am a Business Analyst working for an international IT company based out of Sydney My friend is buying a unit in this building and recommended it to me as well – it’s a 2-bedroom unit located in Pyrmont on Scott Street. It’s costing about $750,000 and looks like a good area to liv...
by totoro
Thu Oct 17, 2013 4:51 pm
Forum: Home Loan Forum
Topic: How will extra payments affect my mortgage?
Replies: 8
Views: 7286

Re: How will extra payments affect my mortgage?

I’ve already applied for the home loan, just wanted to know about that. I’m thinking that I will try to set aside at least $50 for this. I might be able to do more but it will all depend on my expenses for that month.
by totoro
Thu Oct 17, 2013 11:19 am
Forum: Home Loan Forum
Topic: How will extra payments affect my mortgage?
Replies: 8
Views: 7286

How will extra payments affect my mortgage?

Hi I’m looking to buy a house in QLD for $770,000 and I will be borrowing $600,000. I wanted to know whether making extra payments can affect my mortgage much? Actually I have already planned my finances accordingly so that my monthly salary is enough to cover the repayments but I heard that paying ...
by totoro
Tue Sep 10, 2013 11:59 am
Forum: Property Investment Forum
Topic: Advice for Singaporean property investors?
Replies: 7
Views: 13485

Re: Advice for Singaporean property investors?

Hi Otto - we are looking to buy an apartment for our son who will be studying in Sydney next year. We would like to put up about $200,000 AUD and get the rest from a bank. Could you please tell us which banks would be good for Singaporean buyers to get a loan from? Also, would it be easier for us if...
by totoro
Fri Jun 21, 2013 6:55 pm
Forum: Property Investment Forum
Topic: Can foreigners buy property in Australia?
Replies: 11
Views: 16908

Re: Can foreigners buy property in Australia?

That piece of information certainly saved my time. Yeah, I was wondering about other stuffs like interest rates? Or there any other costs I need to be aware of before I apply for a mortgage?
by totoro
Fri Jun 21, 2013 6:19 pm
Forum: Property Investment Forum
Topic: Can foreigners buy property in Australia?
Replies: 11
Views: 16908

Re: Can foreigners buy property in Australia?

Great! What do I need to submit? I just want to get a faint idea before my wife starts looking over some property and this is the first time we are planning to purchase so, want to know the basics. :)
by totoro
Fri Jun 21, 2013 5:46 pm
Forum: Property Investment Forum
Topic: Can foreigners buy property in Australia?
Replies: 11
Views: 16908

Re: Can foreigners buy property in Australia?

Hi guys, Glad to find this thread because I had some questions on my mind too. I’m from Perth but currently working in California. I have a decent income and have saved up as well. My family lives here on rent and I want to purchase a property for them. So, do I need to apply for FIRB approval since...
by totoro
Tue Jan 08, 2013 7:26 am
Forum: Home Loan Forum
Topic: Can I use car allowance income for a mortgage?
Replies: 1
Views: 5640

Can I use car allowance income for a mortgage?

Hi there, I have recently received a promotion in my company. In this new role I am given a company car and a car allowance. I am receiving 15k a year as a car allowance on top of my salary. Because of my new promotion and increase of pay I am looking to purchase a new property. I have spoken to the...
by totoro
Tue Dec 11, 2012 11:29 am
Forum: Home Loan Forum
Topic: Buying Off The Plan
Replies: 1
Views: 3612

Buying Off The Plan

Hey there, I am looking to purchase a property off the plan. My wife and I have several investment properties but have never purchased a property that is yet to be built before. We are currently located in Sydney CBD. What kind of income is usually needed to services this type of loan? We both work ...
by totoro
Fri Jan 27, 2012 9:06 am
Forum: Property Investment Forum
Topic: Australian Property Investors in the U.S. Real Estate Market
Replies: 12
Views: 17613

Re: Australian Property Investors in the U.S. Real Estate Ma

Hello to would be U.S. property investors, I just wanted to give some information to you about what I know about the U.S. property market and particularly Detroit. Here are the facts and just the facts: Detroit's population is 1,027,974 people according to the latest census. 40% of people living in ...
by totoro
Fri Jul 01, 2011 3:57 pm
Forum: Home Loan Forum
Topic: mining contractor, does it matter toward a mortgage?
Replies: 1
Views: 3585

mining contractor, does it matter toward a mortgage?

Hi, My name is Mick and I’ve been working as an engineer for about 4 years, and recently got a pretty big contract with a mining company. The contract is fixed with a term of 14 months, but they have told that there is definitely the possibility of continuing on after the contract ends. Including al...