Re: Mortgage on a Permanent Resident Visa
Posted: Fri Jul 19, 2019 7:28 pm
Getting a mortgage as a permanent resident should not be an issue. Since you are a PR holder, you can get a Permanent Resident Mortgage.
- Since you are currently living in Australia as well, you can borrow up to 95% of the property value which is significantly higher than permanent residents living outside of Australia.
- FIRB approval is not required.
- As a permanent resident, you qualify for the same discounted interest rates as Australian citizens.
- First Home Owners Grant (FHOG) and other benefits are also available.