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Q: Hi, we have 90k in the bank and found a house we want to buy for $710,000. The bank will lend us $639,000 but we would like to spend about $15-20,000 as soon as we move in. Is it possible to get a loan with only 5% deposit and cover the stamp duty. My income is $82,000 and my wife is $75,000, thanks?
A: Hi Eddie,
Yes you can absolutely can do this.
We can capitalise the LMI and bank can lend up to 97%. If you are a first home buyer you get reduction in stamp duty.
Please contact me and we can arrange a home loan for you.
Regards,
Aviit
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Q: My partner and I have been discussing buying a new home. We currently live in my home which is worth about $750,000 and the home loan is $310,000. If I didn’t sell my place can we use the equity as a deposit in a new home and does that mean my loan would become an investment loan if we rented it out? The home we are looking is around $1.1M, would there be enough equity in my place to pay a deposit?
A: Hi,
You can take out $290,000 from your current house.
And you can get 1.1 investment loan.
One ban is giving same rate (3.69) for both owners occupied and investment property.
Please inform me if you need any help.
Regards,
Dev
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Q: Hi, We are with NAB and reasonably happy with their service but the interest rate on our loan is 4.39%. The loan is $560k and the value of the property is around $800k. Can we get a better rate and how much would it save us?
A: Hi,
Good morning,
I am a mortgage broker.
You can get 3.69 easily for your owner occupied loan.
And you can save approximately $3920 in a year as far interest is concern.
Let me know if you need any help.
Regards,
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Q: Hi, I’m looking to buying a house and I will obviously need to get a mortgage. I’d hope to not spend more than 500,000 on a house. I’d say I’d have a decent savings and should be ok for a deposit by time I’m ready, I work full time (135k pa). My issue is I’ve never borrowed/owed money before and lack a credit score of any sort. How do I go about making sure I’ll be able to get a mortgage easily, while not wanting to have fees for money I don’t really need to borrow?
A: Hi,
You can have a pre approved loan.It will be valid for 6 months. And you don’t have to pay any thing for this.
Once you decide to buy then you can proceed for final approval.
If you require any assistance let me know.
Regards,
Avijit
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Q: I am about to pay off my unit so will be mortgage free. I will then be buying a house with my partner which will be for approx the same amount as the unit sale price. Is it possible to get a short term home loan so we can buy a house when we see it, then pay off the home loan once the unit sells? Is there any positives or negatives doing this?
A: Hi,
Yes it is possible.
It call bridge loan.If you have any questions let me know.
Regards,
Avijit
(0426440379)
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Q: I started an electrical business a few months ago that is going well. In need of a new car but unsure of which way to go about getting it. As a new business is leasing a car the way to go? Or fronting up the cash and buying outright? Also brand new or used?
Thanks in advance
A: Hi,
If you want to buy a new car and want a loan for that, I can help you to get a good interest rate.
Please text me 0426440379
Regards,
Avijit
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Q: I feel as though I’d like to move away from the big 4 banks and would like to know what is the best 2 and 3 year fixed rate on investment property?
A: Hi,
Couple of banks used to offer same rate for owners occupied and investment.
Regards,
Avijit
(0426440379)
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Q: We have a loan of $420,000 and want to borrow about $50,000 to pay off credit cards and do some repairs around the house… house worth $800,000. The loan is with Westpac, rate 4.19% and we would like some advice on what the best rates would be if we fixed 50% of the loan for 3 years?
A: Hi,
Can you send me your email address?
Regards,
Avijit
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Q: Re mortgage/lending criteria - specifically job stability.
Hubby & I have almost reached our deposit goal, but in the mean time a job opportunity has come up for me. I've worked for my current employer for 18 months - will moving on so soon count against me when we apply for a mortgage?
My previous work history is stable (6yrs for last employer, 7yrs for the one before that) & potential new job will bring only a small salary increase.
Thanks!
A: Hi ,
Don’t worry about the job change if you are working in same industry.We just need one payslip and you are good to go for mortgage.
Please call me 0426440379.
Regards,
Avijit
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Q: Hey me and my partner are looking at buying our first house and
be has an abn and earns roughly 60000 a year and I earn 25000 but my credit score is only 500 so is his as well and he owes tax but his paying it off we have 30000 for a deposit as well what are the chances of us getting approved for 350000?
A: Hi,
Don’t worry about the credit score as many lenders don’t see your credit score.
Please call me at 0426440379.
Regards,
Avijit
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Q: I have been a contracting engineer for the past 10 years and with the one group until recently. My average annual income is $190,000. In early September I signed a 12 month contract with a new group with the opportunity to increase my income. My wife and I would like to look at refinancing, will this change have an impact? We have a loan of $675,000 and the rate is 4.3%?
A: Hi,
It will not effect your servicing for the refinance as long you can provide evidence of your earnings.
You can save a good amount if you refinance.
Please call for a quick chat on 0426440379.
Regards,
Avijit
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Q: I am a health professional, have my practice I have house owned and 2 investment properties, the loan on them 3.5 million with ANZ, my house is debt free worth 2 mil, but it is in a cross collateral security with one of my investment property that has a loan of 2.1 mil, I have a business loan of 830 k with ANZ, my repayments for loan investment 13K a month and business loan 4K I guess the loan is fixed for 2 years , I want to build my house knock down and rebuild for 1.2 Bank don’t lend ?
A: Hi Rob,
How much penalties you have to pay if you pay off the business loan?
If you consolidate your mortgage (present mortgage +construction cost) and business loan then you will save a good amount of money.
Few lenders giving same rate for your owner occupied and investment loan.Moreover business loan in owner occupied rate will save money.
Please call me *** ****.
Regards,
Avijit
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Q: I have 3 investment properties, about $1.2m in value and loan of $700k. The rate on the loan is 4.35% and was up as principal and interest. Is the rate too high and should we look to change the loan to interest only?
A: Hi Melissa,
Fortunately we have few lenders who kept owner occupied and investment rate same.
You can save a good amount.
Please contact me 0426440379.
Regards,
Avijit
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Q: We would like to extend the interest-only period on our home loan but our lender is now saying due to recent changes to the way they calculate how much we can borrow they won’t approve the extension.
The loan is $650,000 and the property would be valued at $800,000. Do all lenders use the same calculation process and will that stop us from refinancing?
A: No different lenders have different credit granting process according to the risk appetite.
It may difficult one to approve a lone but many lenders can approve the same loan.
If you have any questions please let me know.
