If the borrower has no tax bills and owns a fully paid-off house, he can mortgage the business (loan 100%); the seller is required to show a two-year tax return showing profits (chain stores or non-chain stores are acceptable). If the borrower has no tax bills and owns the house Commercial buildings can be mortgaged (100% loan available); 65% of the rent is required to be sufficient for repayment, and the lease needs to be 3-5 years. If the rent is insufficient, other income certificates can be provided. Builder loans can run into the thousands. Commercial loan (commercial loan) If there is no income to provide, you can choose the Lease doc product of some banks and borrow 60% LVR.
Loans for self-employed people require some preparations, such as the company's financial statements (Financial Statement) and personal tax refund forms for the past two years; year) can also help with loans; if there is no tax refund, there must be a continuous record of business deposits for one year.
It is best not to buy vacant land and land that has not been leased without experience. Funds will be backlogged for a long time and there will be no rental income. This is different from the existing approval documents when the House and land package is purchased, and it is also different from the demolition and rebuilding of old houses (Council and government approval time is relatively short). welcome to meet us
1. Minors under the age of 18, and elderly people who only rely on pensions (people with family members who do not assist) 2. Too many loan applications, CRAA (credit report) has obvious records 3. Apply for relief in Australia, couples Both parties have no income 4. There is a bankruptcy record or legal disputes (Bankruptcy or Court Matter)
Many advertisements for low doc loans with no income are misleading. The bank's Low Doc product is launched for self-employed people whose business has not been established yet and has not yet done tax returns (no Tax Return/Financials) at the end of the year. Although they do not need to provide various income certificates such as tax bills, the bank still depends on the business account. Transaction transfers, or BAS for the past 12 months to verify the authenticity of reported income. The Low Doc is for the self-employed with no proof of income, not no income. The Low Doc policy of each bank is different, please contact us as soon as possible for self-employed persons who intend to buy a house loan, and we will prepare for you in advance according to your specific situation.
You did not provide a salary slip when you called for a loan consultation, but just told the loan consultant your total income, say 100,000. But when we saw your actual salary slip, we found that the bank can only accept your basic salary and long-term regular overtime pay, while short-term bonuses, irregular overtime, and allowances (allowances) cannot be included in your loan within capacity. As the acceptable earning capacity varies greatly, the loan amount that can be lent is naturally greatly reduced. In addition, the bank adjusts the loan assessment rate (assessment rate) and standard living expenses (living expenses) from time to time according to the market, so your loan ability can be very different in different periods. HJQ Financial Solutions emphasizes the importance of formal approval documents in advertisements, websites, and telephone calls. Please do not use verbal loan consultation as a standard to easily pay a non-refundable and no cooling-off period for a house purchase deposit.
HJQ Financial Solutions has a very professional construction loan team that can help you obtain relevant loans from banks or institutions to complete house construction. Please contact HJQ Financial Solutions broker for detailed communication.
The biggest risk of buying a house at auction is that buyers do not enjoy the deposit refund policy within the five-day cooling-off period for regular home purchases. Most auctioneers tend to act impulsively, and the prices after successful auctions are often higher than market prices, while banks approve loans based on actual valuations. If you do not have a detailed understanding of the purchased property in advance, including the area, structure, and municipal planning, etc., the bank may refuse to approve or require a reduction in the loan amount. The risk is greater if the loan ratio is higher than 80%. Therefore, HJQ Financial Solutions recommends prospective auctioneers to prepare a loan application and appraisal report in advance.
Yes. Many banks will directly reject the application of customers who have previously had bad debts (even if they were paid). Therefore, we recommend that you ask our loan manager to do a free five-year credit history inquiry (Credit Check) for you before applying for a loan, so as to avoid unnecessary loan rejections, and suggest that new immigrants keep good Credit history, including various payments such as phone calls, housing, credit cards, etc. At the same time, we can also help you explain the bad debt record caused by negligence to the bank, so that the loan can go smoothly.
According to your actual situation, banks can still apply for loans for new immigrant PRs at present, and the maximum loan ratio can be 90%, which is the same as that of local customers, but you need to communicate your income in detail. For overseas buyers, banks no longer provide loan services at present. You can contact HJQ Financial Solutions loan brokers to assist in handling loans from institutions or funds. The interest rate starts at 4.99%, and the maximum loan can reach 70%-80%.
HJQ Financial Solutions Pty Ltd