Home Loans & Personal Finance

Tammy B.

Engadine, NSW

2 Likes
0 Followers

We want to buy a property to live $1.4M and have $600k deposit. Problem is we have two defaults on our record, both paid. We used to run our own business but my husband is back working fulltime as an employee and earns $90,000 a year and I work 3 days a week and earn $50,000. We have been told the only loan we can get is through a 2nd tier lender and the rate would be 4.8%. Is there a chance we could get a lower rate, under 4%?

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4 days ago

LL Consultancy L.

Ringwood, VIC

2 Likes
0 Followers

Hi,
just a quick query. Any advice would be greatly appreciated.

My partner and I wish to purchase a home for 990k
We have 400k as a deposit and that is in the form of an apartment we have a sale contract on.
We have 25k in savings and we have an income of 6k nett a fortnight.

The issue is that I myself can not be part of the loan - I previously separated 4 yrs ago and had to take a part 9 debt agreement to continue on in life.

Without my income, my partners is 2k a fortnight,
however - for the past 12 months, one form of my income (superannuation) has been paid into her account and never touched (2k a fortnight). Will the bank be able to take this into account? What are her chances alone on that income to be approved?
I am asking because we would like to place our offer and don't want to be stuck in the dark.
Regards,
PartnerA1

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6 days ago

Sam P.

Penrith, NSW

4 Likes
0 Followers

Looking for a new home loan and have spoken to Ubank and Loans.com.au. I really don’t want the hassle so can mortgage brokers match their rates…. 3.62%?

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last week

Frank R.

Geelong, VIC

3 Likes
0 Followers

If our home was valued at $500,000 what can we borrow with no mortgage insurance? Thanks

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last week

Mina M.

Austinmer, NSW

2 Likes
0 Followers

Hi - We have a contract cleaning business and used all our savings and profits to build the business. It is now making good money and my accountant said it would be worth around $400,000. We pay $700 rent a week and we want to know if it possible to buy a home using the property and the business as security. We would like to buy around $600-$650,000? Thanks

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2 weeks ago

Phoebe A.

Geelong, VIC

2 Likes
0 Followers

Hi

Our home loan is with CBA $540,000 and the property would be valued around 800,000… we both work, 2 kids 8 and 10 and we don’t like credit cards. The rate is 4.19%, what is the best rate we could get by refinancing?

Thank you

View responses or answer (7)

2 weeks ago

Philip W.

Wollstonecraft, NSW

2 Likes
0 Followers

I have a mortgage and when reviewing comparable rates I see many offers considerably below what major banks are offering. What are the risks associated with going with a second-tier or online based home loan? They offer lower rates so why doesn't everyone use them? What happens if they go broke?

View responses or answer (5)

2 weeks ago

simplyaskit

Business Advisor

North Sydney, NSW

73 Likes
251 Followers

The Reserve Bank of Australia has left the cash rate on hold at 1.5% for a 20th consecutive meeting.

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2 weeks ago

Matthew B.

Lane Cove, NSW

2 Likes
0 Followers

Hi,

My family has just arrived in Australia after I was transferred from England, the same employer.

We are selling our home in London but want to know is there a minimum time we have to be in Australia before we can buy a property and get a home loan? Also what is the minimum deposit we would need?

View responses or answer (3)

2 weeks ago

Paul Ryan

Financial Services Executive

North Sydney, NSW

264 Likes
258 Followers

A good friend set the ground rules for his 16-year-old daughter when she got part-time work. She could spend 50% of what she earned but the remaining 50% had to be deposited into a savings account.

I'd like to ask about the strategies others have in play to help teach kids the value of money and the value of saving?

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3 weeks ago

Kamal S.

Werribee, VIC

1 Likes
0 Followers

I am discharge from part 9 on feb 2017 still showing bankruptcy on my credit file what to do ? Can u remove bankruptcy from credit file?
Thanx
Kamal

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3 weeks ago

John C.

Revesby Heights, NSW

3 Likes
0 Followers

Is now a good time to think about a fixed rate for our investment loan?

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3 weeks ago

Jack S.

Sylvania, NSW

4 Likes
0 Followers

Question on behalf of my mum, she is 78 and still very active. She is looking at buying a house and land package near Goulburn for $450,000 as an investment. Mum owns her own home valued at $1.2M and an investment property valued at $1.6M and she lives off her super. Apart from the super she has around $200k in savings and would use $150,000 to purchase the property. With a strong net asset position would she be able to get a loan of $300K and what lenders would look at a loan like this?

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3 weeks ago

David W.

Hornsby, NSW

7 Likes
0 Followers

Hello, a mate prompted me to check our home loan rate with ANZ - 4.49%, the loan is $780,000.

If I call them on Monday to ask about the rate what would be a reasonable expectation for them to reduce the rate by?

View responses or answer (7)

last month

Regina B.

Bayswater, VIC

7 Likes
0 Followers

Hi, we need some advice about our home loan application

We are due to go to auction on Saturday and been waiting for our mortgage broker to finalise the approval. It has been 4 weeks and we have been promised each day this week the approval is on its way. We are obviously concerned, what should we do and can we call the lender directly?

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last month

Sophie T.

Riverton, WA

3 Likes
0 Followers

We have been renting for over a year and found a property we would like to make an offer for around $1.2M. We would only need to borrow $650,000 but have had a few credit issues in the past and sold our previous home to clear all the debts …. the credit report is not clean. We both work full time and would like to know if we could still get a loan and what the rate might be?

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last month

Trish B.

Bathurst, NSW

2 Likes
0 Followers

I have a full time job and work casually most weekends so I can save to buy a home. So far I have saved $15,000... will home loan lenders consider the money I earn on weekends as well as my full time job?

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last month

Emily G.

Zetland, NSW

6 Likes
1 Followers

If we were gifted $50,000 and had a private agreement to pay it back over 5 years could we use it as a deposit on our first home? Sale Price is $760,000.

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last month

Megan M.

Patterson Lakes, VIC

2 Likes
0 Followers

We have too many loans and want to see if we consolidate a $485,000 home loan, personal loan $7,000 and 3 credit cards $17,000. The rate on our loan is 4.29% with Westpac and the house would be worth around $750,000.

Can we get a lower rate and what would the repayments be? thanks

View responses or answer (6)

last month

Frank R.

Geelong, VIC

3 Likes
0 Followers

We owe $25,000 on credit cards and finding is hard to make the repayments, we are a month behind and we want to see if we can refinance the cards into our home loan. The home loan is ok as we have made it the priority. The loan is $360,000 and the property is about $520-530,00 – is this possible?

View responses or answer (4)

last month

Looking for a new home loan and have spoken to Ubank and Loans.com.au. I really don’t want the hassle so can mortgage brokers match their rates…. 3.62%?

If our home was valued at $500,000 what can we borrow with no mortgage insurance? Thanks

HiOur home loan is with CBA $540,000 and the property would be valued around 800,000… we both work, 2 kids 8 and 10 and we don’t like credit cards. The rate is 4.19%, what is the best rate we could get by refinancing?Thank you

I have a mortgage and when reviewing comparable rates I see many offers considerably below what major banks are offering. What are the risks associated with going with a second-tier or online based home loan? They offer lower rates so why doesn't everyone use them? What happens if they go broke?

The Reserve Bank of Australia has left the cash rate on hold at 1.5% for a 20th consecutive meeting.

Hi,My family has just arrived in Australia after I was transferred from England, the same employer. We are selling our home in London but want to know is there a minimum time we have to be in Australia before we can buy a property and get a home loan? Also what is the minimum deposit we would need?

I am discharge from part 9 on feb 2017 still showing bankruptcy on my credit file what to do ? Can u remove bankruptcy from credit file?ThanxKamal

Is now a good time to think about a fixed rate for our investment loan?

Hello, a mate prompted me to check our home loan rate with ANZ - 4.49%, the loan is $780,000. If I call them on Monday to ask about the rate what would be a reasonable expectation for them to reduce the rate by?

I have a full time job and work casually most weekends so I can save to buy a home. So far I have saved $15,000... will home loan lenders consider the money I earn on weekends as well as my full time job?

If we were gifted $50,000 and had a private agreement to pay it back over 5 years could we use it as a deposit on our first home? Sale Price is $760,000.

We have too many loans and want to see if we consolidate a $485,000 home loan, personal loan $7,000 and 3 credit cards $17,000. The rate on our loan is 4.29% with Westpac and the house would be worth around $750,000. Can we get a lower rate and what would the repayments be? thanks

We owe $25,000 on credit cards and finding is hard to make the repayments, we are a month behind and we want to see if we can refinance the cards into our home loan. The home loan is ok as we have made it the priority. The loan is $360,000 and the property is about $520-530,00 – is this possible?

Hi

Our home loan is with CBA $540,000 and the property would be valued around 800,000… we both work, 2 kids 8 and 10 and we don’t like credit cards. The rate is 4.19%, what is the best rate we could get by refinancing?

Thank you

I am discharge from part 9 on feb 2017 still showing bankruptcy on my credit file what to do ? Can u remove bankruptcy from credit file?
Thanx
Kamal

Hello, a mate prompted me to check our home loan rate with ANZ - 4.49%, the loan is $780,000.

If I call them on Monday to ask about the rate what would be a reasonable expectation for them to reduce the rate by?

We have too many loans and want to see if we consolidate a $485,000 home loan, personal loan $7,000 and 3 credit cards $17,000. The rate on our loan is 4.29% with Westpac and the house would be worth around $750,000.

Can we get a lower rate and what would the repayments be? thanks