Forum Replies Created
Hi cadan,
the rule for FHOG is that you have to live in the property within 6 months of the 12 months of owing it. Only then you will qualify to receive it…
Hope it helps…
have a look in here
http://www.becomingafinancebroker.com.au/also if you like I can set an appointment with our managers so they can answer all your questions…
check my website for more information and let me know if you want to be introduced to our office.Regards,
VladimirING could be the way. I just wrote one loan where client paid zero insurance on 85% lend. Also Homeside are very flexible on their policy and depending on the deal may be able to waive some LMI. Talk to your broker to discuss the possibility.
Hi afgangirl,
try http://www.hifx.com.au
they have different ways of exchanging the currency.
ask Jillian Kirwan, 0410404707, 92512626
They are our business partners and few brokers within our company used them and were happy with services…
Call/email me if you have any questions,Regards,
VladimirUnfortunately, most of the lenders would only accept permanent Centrelink payments, such as Military/disability pensions or Family allowance. Newstart Allowance or Austudy are not generally accepted as a major income.
You may still however try to use your IP as a major source of income, however that would most certainly lead to you loosing your Austudy benefits. One of the ways to go is to have someone else on the title.Vladimir Alter
Smartline Home Loans, Sydney
Ph: 1300 VLADIMIR (1300 852 346)
Website: http://www.smartline.com.au/valter
Email: reduce.mortgage(AT)gmail.comHera,
I agree with Qlds007 that before you go ahead with Lo/No Doc loans, a bit more work needs to be done to determine whether your “official” income is enough to service your loan. Talk to few mortgage brokers/banks and see what the best you can come up with.Vladimir Alter
Smartline Home Loans, Sydney
Ph: 1300 VLADIMIR (1300 852 346)
Website: http://www.smartline.com.au/valter
Email: reduce.mortgage(AT)gmail.comI think getting a straight deposit may be a problem because as I understand you both retired already. However, you may consider taking Reverse Mortgage against your property should 20% guarantee be no option to you.
Providing you are both 60yo or older you should have no problems obtaining such finance, however prior advice from Centrelink (it may influence rate of pension you receiving) and financial and legal advisor is highly recommended.Vladimir Alter
Smartline Home Loans, Sydney
Ph: 1300 VLADIMIR (1300 852 346)
Email: reduce.mortgage(AT)gmail.comAlso many lenders would be willing to consider your temp work providing you have been in the same industry long enough, 12-24 months depending on the lender.
Vladimir Alter
Smartline Home Loans, Sydney
Ph: 1300 VLADIMIR (1300 852 346)
Email: reduce.mortgage(AT)gmail.comHi SK,
Have you considered First Home Owner Grant. Basically, if this is your first purchase and it is not for investment purposes you may be eligible to receive $7000 grant from the nsw government. The more money you put as a deposit the less costly the total purchase price would be for you. Believe it or not, but just $1 extra spent towards deposit may save you few thousands in Lender’s insurance.
As to should you choose a broker or not. Why not? Give it a go. Many brokers these days would have few dosens lenders on the panel, so you would be offered a greater selection of the products.
Hope this helps.
Please feel free to call me if you have more questions.
Vladimir Alter
Smartline Home Loans, Sydney
Ph: 1300852346
Email: reduce.mortgage(AT)gmail.com
