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27 questions from our users

Claud

Claudasked

Hi there,
I would like to ask if i am eligible for a home loan as a first home owner( single applicant) .I have a full time employment for the past 10 years. 40k for deposit. May i know how much i can borrow? What are your criteria?



2 answers
Mortgage Broker Melbourne
Marc B.Mortgage Broker Melbourne

Hi Claud, we'd be delighted to help you establish your borrowing capacity! We do need to collect a bit more information first though. Can I ask you to please email us at [email protected] so we can send you our responsible lending questionnaire? Best Regards, Marc Barlow

Mortgage Broker Melbourne
Marc B.Mortgage Broker Melbourne

Hi Claud, FYI, our telephone number is 1800 111 626 if you prefer to call. instead.

Bobby M.

Bobby M.asked

Dear Mortagage Broker Melbourne,



Do you can give mortgage/loan for foreigners (non-PR) who bought Australia property such as Indonesian ?

Thank you.

1 answer
Mortgage Broker Melbourne
Marc B.Mortgage Broker Melbourne

Hi Bobby, it can be challenging for non - PR to arrange finance but there are certain circumstances where it may still be possible. I would need to gather some more information from you to determine your eligibility, could you please email us at [email protected] so we can gather that in a private setting? Best Regards, Marc Barlow

Cora

Coraasked

Hi, I just want to enquire if we are eligible to buy a house, since we received our permanent residency recently. My husband and I would like to buy a house after we finish our rental contract in April 2020. We are looking for a house somewhere in berwick, near kambrya college. What is the minimum deposit and how much can we borrow? My husband is a full time worker as a welder and I work as part time permanent for 8 years. We have been renting since 2015 with good rental history.



I prefer to have communication through email. If you dont mind.

Thank you.

Cora

1 answer
Mortgage Broker Melbourne
Marc B.Mortgage Broker Melbourne

Hi Cora, thanks for your enquiry! We'd be delighted to assist! Can I ask you to email me at [email protected] so we can have a private discussion about your requirements? Best Regards, Marc Barlow

Dhan

Dhanasked

wanted to refinance- do you have a mobile mortgage broker service

1 answer
Mortgage Broker Melbourne
Marc B.Mortgage Broker Melbourne

Hi Dhan, thanks for your enquiry! We absolutely offer a mobile service, covering all areas of Melbourne. Feel free to complete our website enquiry form, and a broker will drop you a line to book a time to visit you. Best Regards, Marc Barlow

Anita

Anitaasked

Hi
My name is anita I am working in Canberra in nursing home and my husband works in Melbourne I was also in Melbourne just moved last year .my land in Melbourne need a loan for land .went to bank they said it’s hard to get approval .is there any chance?
Thankyou

1 answer
Mortgage Broker Melbourne
Marc B.Mortgage Broker Melbourne

Hi Anita, Thanks for your enquiry! We'd be delighted to assist but would need to gather a bit more information if that's OK? Could you please email me at [email protected] and I can send you our quick fact find questionnaire? Best Regards, Marc Barlow.

Kathleen

Kathleenasked

Hi
Looking at buying a home within the next 6 months
My husband and i would like to know how much we can borrow? Deposit needed ?
Thanks Kathleen

1 answer
Mortgage Broker Melbourne
Marc B.Mortgage Broker Melbourne

Hi Kathleen, Thanks for your enquiry, we'd be delighted to assist! Could you please email [email protected] so we can help answer your questions and guide you through the process? Cheers! Marc

Tom

Tomasked

Hi there does your service also do refinancing services in Brisbane?

1 answer
Mortgage Broker Melbourne
Marc B.Mortgage Broker Melbourne

Hi Tom, absolutely we can! Please call 1800 111 626 and we can start the ball rolling.

Alex and Anna

Alex and Annaasked

Hi, my wife and I are looking to purchase our first home. We only have 10% deposit and we have both our parents houses as surety. We were advised because our parents were pensioner, living in those homes that they couldn't accept those properties. is there another way besides mortgage insurance to get into the market.

kind Regards
Alex

1 answer
Mortgage Broker Melbourne
Michael B.Mortgage Broker Melbourne

Hi Alex and Anna, Thanks for your enquiry, we'd be delighted to assist! In some cases, lenders mortgage insurance can actually be waived. For us to see if you would qualify, can you email us at [email protected]? Best Regards, Marc Barlow

Rani R

Rani Rasked

I'm wondering if its possible to still get a home loan if I don't have a job at the moment but have a deposit for 50%?

1 answer
Mortgage Broker Melbourne
Michael B.Mortgage Broker Melbourne

Hi Rani, thanks for your enquiry! It is important you are able to afford repayments on the loan so an income will be required, otherwise you risk losing your deposit. We’d be happy to look into this further for you, please email [email protected] and we can send you our responsible lending questionnaire. Merry Christmas!

Sonya H

Sonya Hasked

Hi there
I would like to purchase an apartment in docklands I have a property with my brother but he doesn't want to buy. Is this still possible I do work full time?

1 answer
Mortgage Broker Melbourne
Michael B.Mortgage Broker Melbourne

Hi Sonya, Thanks for your enquiry, we'd be delighted to assist! To properly advise you though, we need to gather some more information if that's OK? Can I send you a link to our secure, online responsible lending questionnaire? (If so, please email me at [email protected] and I'll reply with the link and we can get started)

Jeff

Jeffasked

HI,

I need to obtain a loan for a soon to be completed apartment in West Brunswick.
i am a non Resident and am based in Singapore.

Kindly advise if I could obtain a loan?

Thank you

Jeffrey

1 answer
Mortgage Broker Melbourne
Michael B.Mortgage Broker Melbourne

Hi Jeff, thanks for your enquiry, we'd be delighted to assist if we can. There are a number of factors that determine eligibility so we have put together a fact find questionnaire which helps us properly analyze your scenario. Can you please email me at [email protected] and I will reply with a secure link? Cheers! Marc

Alan

Alanasked

Hi, I've just hit my second year of self employment, am I able to book or receive some information in regards to what I need to apply for an investment prop or first home buyer loan?
A rough estimate on what I would be looking for would be a 300k loan. Currently have 15k deposit saved, with a before tax of 80k earnings.
Am I able to enter the field or should I come back once I have a larger deposit.
Any help would be greatly appreciated as I've herd nothing but great things about you guys.
Thanks.

2 answers
Mortgage Broker Melbourne
Marc B.Mortgage Broker Melbourne

Hi Alan, thanks for your enquiry! We'd love to chat to you because there is a bit more info we would gather before we could properly advise. Could you give us a call on 1800 111 626? Grace would send you a link to our responsible lending questionnaire to get the ball rolling. Cheers! Marc

Hello Alan,
Grace here from Mortgage Broker Melbourne.
further to your query above, banks have two main criteria when assessing a loan. One being that you can afford the loan based on your income. I have done a very brief servicing with the information you have provided above, and borrowing capacity for a $300K purchase is evident, which is great news.

The second criteria banks will look at is that you are not borrowing more than 95% of the value of the property your are purchasing. With a $15K deposit this barely scrapes through at 95%. the other thing to consider is that when you borrow more than 80% of the value of any property an Insurance is payable to lenders and this is called Lenders Mortgage Insurance. This unfortunately cannot be waived and is added to the loan in most cases, so once we add the mortgage insurance which is approximately $8500 this takes the overall lending to 98%. in this case you would need to save a further $8500 to cover the insurance cost.

you are almost there which is great news!
Alan, my number is 0434 266 411
please call me at any time, should you have further queries, and please feel free to contact me directly once you have the further funds saved and I will ensure one of your experienced brokers contact you to help guide you through the process.

have a fantastic day
regards.
Grace Macca-Chiodo
Mortgage Broker Melbourne
0434 266 411

vickysingh38

vickysingh38asked

Hi Marc I am looking for a propert in Morwell and was after a loan. Can you please help me get a good broker which can help me get a Lao. Around $150000.

Regards Vicky

1 answer
Mortgage Broker Melbourne
Marc B.Mortgage Broker Melbourne

Hi Vicky, thanks for your enquiry, we'd be delighted to assist. Could you please call 1800 111 626 and ask for Grace? She will be able to match you with one of our many experienced brokers. Cheers! Marc

Anne

Anneasked

Do you come out to clients homes?

1 answer
Mortgage Broker Melbourne
Marc B.Mortgage Broker Melbourne

Hi Anne, yes we do visit clients at their convenience and we have several brokers so we cover most areas. Feel free to email me directly to tee up an appt, [email protected]

Anthony

Anthonyasked

Hi Mark you seem to have a lot of good reviews. Would you be able to help me in buying my first home. I am self employed so on my tax return shows low income $40000 would you be able to add depreciation and expenses as income? I am living in Brisbane and it's very hard to find a reliable broker. Would be looking to buy a house around between $300000 and $340000.
Cheers Anthony

1 answer
Mortgage Broker Melbourne
Marc B.Mortgage Broker Melbourne

Hi Anthony,

Thanks for your enquiry! I have responded to the email that you sent to me. Cheers! Marc

timmysone

timmysoneasked

Hi
I am looking to buy in Melbourne and we ave our house in Ballarat for sale which could sell anytime soon. We looking to put 60% deposit all up when sold but we already have cash for a 10% deposit for a house valued around 700K to put in now.
I am looking at finance for the loan with a 60% deposit and the rest financed.
Can you help me Marc?
Tim

1 answer
Mortgage Broker Melbourne
Marc B.Mortgage Broker Melbourne

Hi Tim,

Thanks for your enquiry! Could you please email me so we can connect? [email protected]

Bill Q

Bill Qasked

Was looking at buying an apartment in Travancore to live in. Looking at $300,000 -$350,000 . Wanted to try and get a good mortgage deal and also want to find out how quickly I could get it?

1 answer
Mortgage Broker Melbourne
Marc B.Mortgage Broker Melbourne

Hi Bill, Thanks for your enquiry! I'd be happy to assist. I'm sure you appreciate the need for me to gather some information from you, could you email me directly so I can send our quick responsible lending questionnaire? [email protected]

Raf

Rafasked

Hi there,

I'm looking to buy an investment property which is only 48m2 . The price is expected around 320k .

Can you help me get a loan at a good rate, with an offset account quick ?

Cheers

1 answer
Mortgage Broker Melbourne
Marc B.Mortgage Broker Melbourne

Hi Raf,

Thanks for your enquiry! I'd be happy to assist, could you email me at [email protected] so we can get the ball rolling? Cheers! Marc

Pedro

Pedroasked

Gday I'm enquiring on two fronts..a contract to sell my property at 1494 Upper Esk Rd, Upper Esk .Tasmania,7214( ...the agreed price was $260,000.was signed..The purchaser,Elisha Bogey from Beaudesert in QLD,had her ANZ loan approved, subject to valuation, The valuation came in at $210,000,so the bank agreed on principle, to lend her the $210000 if she stumped up the difference, which she did.The bank was willing to accept her parent's,1 million dollar property at Biddabbada.. as security.
Elisha heard last week that the revised loan was not approved by the ANZ Melbourne Office.. I also have an existing ANZ mortgage on Upper Esk, with a balance of $88000..Ive had discussions with my local ANZ bank about a security swap,Upper Esk for the property I am committed to buy here in Penguin {28 Mission Hill Rd, Penguin,Tas.. 7316} for $250,000..I'm wanting to increase my mortgage to $113,000
OK ..my question..Can you find a loan for Elisha and or me? Regards Peter Kaye..

1 answer
Mortgage Broker Melbourne
Marc B.Mortgage Broker Melbourne

Hi Peter, thanks for your enquiry but I am only able to assist clients in Melbourne. Have you tried to find someone local? Cheers! Marc

Vanessa

Vanessaasked

Hello,

My name is Vanessa and I'm a first home buyer looking to occupy not invest.
Currently looking to get a loan for a house I purchase back in April 2015 off the plan. Settlement due Oct-Dec 2016.

Can you help?

Thanks Vanessa.

1 answer
Mortgage Broker Melbourne
Marc B.Mortgage Broker Melbourne

Hi Vanessa, I'd be happy to assist!

I wonder if you could email me at [email protected] so we can tee up a time to have a chat?

Have a great weekend!

Marc

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