Home Loan Experts Questions & Answers

Thank you for your query Bobby. Could you please email us at [email protected] and provide us your details, then we can contact you. We can assist foreigners who are looking to buy in Australia or have property in Australia but there are many other factors to consider before our brokers can advise you. Once we get your details, our non - PR expert broker can call you to discuss your situation.

Hi Jess
Some of our lenders would be ok with you buying a house right away. They all take a different view of missed payments. Some want to see 2 years of clear repayments on your credit card as they can see this on your credit file. Some want 3 months. Others are fine with 1 month or it still being late. The main issue is likely to be your husband's employment as subcontractor (self employed contractor) is usually viewed in a similar way to someone running a full business. Some lenders are ok if he has been doing this for at least a year and others want to see at least two years in this structure. I'd recommend that you call us on 1300889743 and ask for someone who specialises in unusual employment and they will be able to let you know what to do. The late payments aren't a major concern to me as you have a large deposit.

Hi Jas,
We have options for both PAYG and self employed contractors. Vets are also a preferred profession with some of our lenders so we can often present a case and get a self employed contractor vet approved with more lenders than are normally available for someone with this employment type. Given the size of your deposit I expect it will be easy to get your loan approved.

Hi Hariram
We're specialists in Australian mortgages. It looks like this property is outside of Australia so we are not able to assist.
Best of luck with your loan application

Thank you Thomas.
In most cases, no, mortgage brokers don't charge a fee. We're paid by the lender for getting you approved for a home loan. To be specific, brokers are typically paid an upfront commission and trail or ongoing commission for the life of the loan.
The only time a broker may charge a fee is if the loan amount that you're borrowing is low (generally, under $200,000), you have a complex situation, such as a bad credit history or due to your residential status, or the nature of the loan is challenging, such as buying a property in a complex trust structure or when buying a commercial property.
The easiest way to find out is to make an enquiry with us by calling 1300 889 743 and telling us about your situation.

Hi
It may be possible with a guarantor loan (i.e. parents using their property to guarantee your loan) however you may not qualify if you have too much in credit card debt. As a general rule you should pay off your credit card debts before buying a home. It takes hard work and sacrifice but it's important that you are in a secure financial position before you take on more debt.

Hi
This situation is complex as many lenders want both applicants to be Australian citizens or for the Australian to be the primary income earner. We'd need to assess your situation on a case by case basis and then we can be sure what options are available to you. You can enquire here and one of our non-resident lending brokers will contact you to discuss https://www.homeloanexperts.com.au/free-quote/

Hi Amy,
Thanks for asking. You can definitely qualify to buy a home together. An investment property would be on a case by case basis and would likely be approved assuming that everything else in your situation was acceptable to our lenders. Please call us on 1300 889 743 and ask for Tim or Jef as they are both experts in lending to temporary residents.

Hi JT,

If you were to provide your income to support his application then you'd only qualify for more expensive foreign investor loans. This would mean you'd pay as much as double the interest rate.
It's best if we discuss with your son and see what options he has available based on the income that he can prove himself.

We specialize in home loans for Permanent Residents and would gladly assist your son with a full free assessment for his loan options. Would you be able to help us with his contact details or simply have him call us on : 1300 889 743.

Hi Julie,
You can do the following:
- Borrow against property in your name to build on land in your son's name
- Buy a small percentage of your son's land (say 15%) and then borrow in both of your names to build on that land
- Your son can borrow on his land and you can assist him with the repayments
You cannot do the following:
- Get a loan secured on his land when you are not an owner
- Get an unsecured loan
I hope that helps. There's some info about this here, although it's not directly related to your question
https://www.homeloanexperts.com.au/investment-loans/joint-ownership-of-an-investment-property/