Can I refinance my loan and include my credit card debt? (George, Templestowe - 24 July, 2003) Hi George, Yes you can. This is a popular form a loan known as debt consolidation. Provided you have enough equity in your home we can consolidate almost any debt including credit cards, car loans and personal loans. Call us on 1300 30 99 79 for further details (Answered by: Mark 24 July, 2003) Do you do finance for holiday homes? (Andrew, Croydon - 24 July, 2003) Hi Andrew, Yes we can do finance for holiday homes. Lenders, in general, consider some country and rural areas to be of higher risk and therefore have stricter lending guidlines. For further details call me on 1300 30 99 79 (Answered by: Dave 24 July, 2003) I have Australian PR status can I buy a property in Australia? (Peter, Shanghai - 24 July, 2003) Hi Peter Yes you can. How much you can borrow and what loan-to-value (LVR) you can get will depend on the individual lenders policy. (Answered by: David 24 July, 2003) I am moving to Australia soon, can you do homeloans for new residents? (Jen, USA - 31 July, 2003) Hi Jen If you have permanent residency status for Australia then there are no hurdles. If you are a non resident (eg temporary Visa) then you may be required to apply to the Australian Foreign Investment Review Board (FIRB) before purchasing a property in Australia. For further details please find the Australian FIRB website at www.firb.gov.au. (Answered by: Mark 22 September, 2003) Is the donation I make tax deductable (to me) ? (geoff - 14 November, 2003) Hi Geoff, Thanks for the question. You would only be in a position to claim a tax deduction if it was your money that was being donated. In this case the donations are made from the revenues of Donation Home Loans. We treat these donations as an expense to the business. (Answered by: David 17 November, 2003) can i borrow a high sum then the total of the homes price to pay my car and cards out aswell. (david wright, tongala, aust - 14 February, 2004) Hi, Some lenders are prepared to lend as much as 100% of the value or purchase price of the property. Most lenders will lend 90-95% on a refinance loan with one who will lend 100% and allow you to consolidate up to three debts. (Answered by: Dave 16 February, 2004) I own a property valued at $320,000. I owe $205,000. I also rent a flat at $900pcm. I want to know if i can let the rental go and buy another property with little or no deposit..i would have the extra $900pcm at my disposal (mark, caulfield, melbourne - 29 September, 2004) Hi Mark, You do have enough equity in the property you own to fund the deposit and costs for a new purchase. We would need to see know your income situation to analyse your capacity to borrow. For further information please contact our office on 1300 30 99 79. (Answered by: Dave 29 September, 2004) I have an apartment in Docklands VIC and when I purchase it resale I was unable to finance to the level that I wanted due to the fact that the Mortgage Insurers would not handle Docklands Apartments. I was wondering if this has changed, I would be interested in refinancing up to 90% of valuation. I have more than sufficient income to survice the loan. I borrowed the extra money from family and want to repay this loan ASAP. Also if there is any other way of financing the extra money I would also be interested in these options. Thanks (Dale, Docklands, Australia - 12 January, 2005) Hi Dale, The loan to value ratio (LVR) a lender will apply to the Docklands is dependant upon the location and size of the apartment. Another factor is the type of building as in number of apartments, number of floors and street address. It is possible to do high LVR loans in Docklands but as metioned above it is on a case by case basis. To assist further please email further details to info@donationhomeloans.com.au or call 1300 309979. Cheers Dave (12 January, 2005) Can a non-resident who has purchased land in Australia get a loan to fund construction of the dwelling on the land ? A lot of the websites suggest non-residents are excluded from construction loans. (RM, London, England - 11 February, 2005) Hi RM, It is possible to arrange a loan for construction. The only requirement that will be different to an Australian resident is you will need to get approval from the Australian Foreign Investment Review Board (FIRB). If you would like to arrange the loan we would be happy to assist you through the FIRB process. Regards Dave (11 February, 2005) I am currently living & working in Sydney on a 4 year sponsored working visa. I am looking to purchase a property, but am finding it difficult as most lenders are seeking a 20-30% deposit because of my non permanent status. I have a high disposable income, but little savings ..am i likley to find anyone willing to loan me a reasonable sum ($600-$700k) with say just a 5% deposit??? Many thanks (Steve Norcross, Sydney, Australia - 24 March, 2005) Hi Stephen, We can think of three lenders who would consider your loan application. Please call 1300 30 99 79 so I can collect more details and make the necessary enquiries Cheers Dave (24 March, 2005) Dear Sir or Madam, I applied for permanent residency in Australia back in June 2004 so it is going to take just over a year before I receive the final decision regarding my status. I have found a house that I would like to buy but I am having a horrible job trying to find a lender who will grant me a home loan. I am in the high income bracket and have been working for 6 months in the same business as when I was in the UK. Do you know ANYONE who can help me purchase the property based on my residency status Thank You Chris (Chris, Narre Warren, Australia - 24 March, 2005) Hi Chris, It is possible to find a lender to purchase the property. It will require an extra approval from the government but it sounds like you have a strong case. Please call on 1300 30 99 79 if you would like us to assist you. Cheers Dave (24 March, 2005) I live in the geelong region and I am looking for a no deposit loan for a house between geelong and ballarat. I am having trouble with finding the lenders insurances will not insure the postcodes. Can you help? (Lee-anne, geelong - 24 March, 2005) Hi Lee-anne, We believe the highest LVR you could obtain would be 90% and the interest rate would not be very competitive. We would be happy to inquire further for you if you call on 1300 30 99 79 Cheers Dave (24 March, 2005) hi, i am a single parent for past 4yrs, i have been a subcontractor since july last year, and earning good money, but need a low doc loan. my house is worth 54000 and i owe 23000 on it and another 6000 on cards, i want to borrow 43000 to pay off cards and current morgage and have some left over. is this possible (nigel, collinsville, Australia - 24 June, 2005) Hi Nigel, Whilst mortgage insurers won't do lo doc in your postcode there maybe a couple of lenders willing to do a loan. I will email you a borrowing capacity assessment form to complete and return. We can then present the case to lenders to see what can be done. Cheers (Answered by: Dave 24 June, 2005) My friend and myself are planning to buy a house in sydney . We bothe earn over 50K and are looking for 100% financing option. I am a permanent resident but the second applicant (my friend is a temporary resident 4 year business visa wfich will be extended further on) Can you suggest me lenders who will be able to help us. (mekhla datta, Randwick, Australia - 24 June, 2005) We can certainly help with financing options but we cannot name any spceific lenders without knowing the purchase price of the proposed property. It would also be helpful to know your friends nationality as some lenders have pre-approved loan offerings for certain countries. Please call 1300 30 99 79 and ask for Mark. (Answered by: Dave 24 June, 2005) My husband and I would love to buy our first home but have difficulty saving for a deposit due to the cost of our rent ($230/week) we are entitled to the FHOG is it possible to get a home loan using only this to cover our deposit and possibly financials? We are looking at a home around the $200,000 - $250,000 mark? Thanks alot Sharon (Sharon Blank, Rutherford NSW, Australia - 04 July, 2005) Hi Sharon. Yes, it is possible to get loans for 100% and even 106% of the purchase price. The next step is to see if you will qualify for one of these loans. I will forward you a borrowing capacity form for you to complete and return. Cheers Dave (Answered by: Dave 04 July, 2005) I have had pre-approval for a home loan to buy a place in the rural area of Eddington. We have had preapproval on a loan covering 95% of the property cost through BankWest although I have heard of other people having this pre-approval in rural areas and then being asked to actually come up with a 20% deposit to get the loan. Apparentley sealed roads etc all play a factor in this, can you give me some advice on the likelihood of a larger deposit being asked of me and what factors are considered by lenders with regard to this? Thanks (Amy, VIC, Australia - 09 August, 2005) Hi Amy, Pre-approvals only cover your ability to repay the proposed mortgage. They do not take inot consideration the security property used. Often in rural areas lenders do not lend to 95% of the value of the property. I suggest you ask the lender what Loan To Value (LVR) ratio they can go to for your particular postcode. Each lender has a postcode listing which details the rules upon which they can lend in each postcode. If you get stuck please don't hesitate to call us on 1300 30 99 79 to see if we can locate a lender for you. Goodluck (Answered by: Dave 09 August, 2005) Hi, i'm a self-employed person and i'm looking for a low/no doc homeloan. Are their any lenders that will do a "no deposit" i.e 100%, low doc???? (Samuel Lee, Canberra, Australia - 09 August, 2005) Hi Samuel, We only know of a couple of lenders who will do a 95% lo doc loan. This means you will still need to produce a 5% deposit and costs. If we can help please call on 1300 30 99 79. Cheers (Answered by: Dave 09 August, 2005) I have $50000 personal debts but and would like to buy a house is there any organization that will lend us money consolidating the other $50000. I am looking on buying a house worth $350000 so need to borrow at least 400000 to pay the debts so we can just pay all the money into one loan only have a $12000 savings plus First home grant. (ELVIE, Sydney, Australia - 26 August, 2005) Hi Elvie, We cannot consolidate your $50,000 in debts because maximum loans are at about 100% loan to value ratio. Your savings will also limit the size of your purchase because they must cover your costs to purchase. Cheers Dave (26 August, 2005) We currently need to buy another car and borrow some additional funds and have tried to refinance on our current home loan with our bank but they only borrow up to 85% of the loan and we are already at this stage. Also we have some listings on our credit file dated back to 2001 due to a debt refinance dividend payment we entered into. Another disadvantage we have is that my husband is employed with a recruiting agency and has been working full time from 31/5/05 to current but is classified as casual on the payroll. A bank has offered us a deal at 9.5% on a loan amount of $306,000, do you think we have any other options. (Tracey Webb, JIMBOOMBA, AUSTRALIA - 26 August, 2005) Hi Tracey, Yes, there maybe some other options for you. Your interest rate will reflect your credit issues but a higher LVR is possible. I will forward you Borrowing Capacity Assessment Form to complete so we can look further into and provide an alternate loan proposal. Regards Dave (26 August, 2005) I purchased my apt in Feb this year and my partner who recieves his perm residency next year (curently on spouse temp visa) was not listed on it. He has been working for 3 yrs in Oz and has a stabe income. I would like to know whether I can get him on the loan aswell? My current lender did not consider it and I was told they were conservative on the lending criteria. Any help? (Icen, St Kilda, Australia - 19 September, 2005) It may be possible to add your partner to the loan, depedant on a few pieces of information. I will email you a "borrowing capacity assessment" form for you to complete so as we can give you a more accurate answer. (Answered by: Mark 19 September, 2005) HI. I HAVE BEEN OUT OF AUSTRALIA FOR 7 YEARS, BUT WILL BE RETURNING IN NOVEMBER. I BELIEVE I HAVE LOST MY RESIDENCEY BUT I STILL HOLD A VALIED AUSTRALIAN PASSPORT, I HAVE ABOUT $200,000 DEPOSIT FOR A HOUSE BUT AS OF YET I HAVE NO JOB LINED UP. COULD I GET A MORTGAUE STRIGHT AWAY ? FOR ABOUT $350,000 THANKYOU FOR YOUR TIME.. Brian.. (BRIAN, warwickshire, united kingdom - 19 September, 2005) Brian, there are a few options open to you as a "non-resident" the rate would be a little higher initially, but once you had established yourself in a job and have your residency back, we could move you into something more economical. Please email me directly if you would like some further specific information mark.odonnell@donationhomeloans.com.au (Answered by: Mark 19 September, 2005) Hi there, we have a minimal deposit $3000.00 and would love to buy a rural property as a hobby farm (we both have good stable well paying government jobs). Is there anyone who will lend to us. Also, with regards to the postcode. Is that the way lenders figure out rural status? As some places have the same postcode as big ciys but are definitely country areas ie. Nundle and Tamworth. (Wendy, Moonbi, Australia - 19 September, 2005) Wendy, depending on where you are looking and the size of the property you may be able to get 95% We would need to know the value of the property, size and zoning. We would also need a borrowing capacity assessment completed which I will email to you. (Answered by: Mark 19 September, 2005) I have no debt, earn in excess of $80K in a Public Service job, am single and desire to purchase a rural (investment) property of 100acres or so on the central NSW coast. Given my repayment ability is their a lender out there who will provide 100% finance? (Steve, Canberra, Australia - 19 September, 2005) Steve, there are several ways you may qualify for this type of finance, I will send you a borrowing capacity assessment form for you to complete.We would need to know the specific postcode of the area and the price range you are looking in. (Answered by: Mark 19 September, 2005) I am a permanent visa holder and my spouse is a citizen. My credit rating in my native country is poor, but my spouse has superb credit. Is this going to affect us obtaining a home loan? Should he just apply individually? Do Australian banks get credit information from your native country? (Kate, geelong/vic, australia - 03 October, 2005) Hi Kate, Credit ratings are not international so will have little impact. I see no problems with obtaining finance for you on that basis. If you are a permanent resident then the application is reasonably straight forward. Cheers Dave (03 October, 2005) I earn $525pw and my husband brings home on average $800pw (subject to overtime this can significantly increase). We owe $340,000 on mortgage. House estimated value around $390,000. We have other debts (total of 7) car, line of credit and credit cards. Including the mortgage we owe approx. $405,000. What can we do do consolidate into one repayment (and yes all the credit cards have been cut up) to start making things alot easier to manage. (debbie, penrith, australia - 11 October, 2005) Hi Debbie, The maximum refinance we know of is 97% loan to value ratio (which includes lenders mortgage insurance). Effectively we can raise approximately $30,000 on you home loans allowing you to consolidate some of your debts. Will send you a borrowing capacity form to complete in order that we can better analyze your situation and suggest ways to reduce your monthly outgoings. Cheers Dave (11 October, 2005) I have been living and working in Australia for just over two years now (on a 457 Long stay business visa). I am just about to submit my permanent residency application and have sponsorship from the Victorian government. I have recently changed employer and because my new employer is aware I am about to submit a perminant residency application, they only applied for a 1 year 457 visa in an attempt to move the application along with immigration. As I have decided to stay in Australia (and hopefully will be allowed to) my wife and I would like to purchase our own home. I earn around 100K per annum, but have virtually no saving. Property in the Melbourne metropolitan area is reasonably expensive and as I am married with two children it appears we would need to borrow somewhere near 400K to purchase a suitably sized property. Is this a realistic proposal given our current status, and if so how do we start the process? We haven't looked at any properties as yet. (Ian Maskell, Melbourne, Australia - 05 December, 2005) Before you are issued your PR you will find it difficult to obtain a 100% loan. You would be best to save as much as possible as most lenders will only lend between 70%-80% to non-residents. (05 December, 2005) My brother and I were looking into getting a no deposit loan to buy a house which we will both be living in. We have found calculators and the approval rules which we pass and can borrow up to $400k. After a phone call we found out that we can't get the loan because we are sibilings, even though we would otherwise be approved. We have lived together for the last 4 years and plan to for a while yet. We share each others income also. Are there any options for us? (Troy, Brisbane - 05 December, 2005) There are many lenders that will accept you both as applicants. The way they calculate how much you are eligible to borrow will be different though compared to a couple, meaning you find it is a little less. (05 December, 2005) My girlfriend and i would like to buy a house but are finding it difficult in finding anyone to lend us money as we have debts of $70000 which our repayments a month are $1419.We bring home after tax a month $5300.We save her weekly pay and have no problem doing this so why couldnt we use that to repay a loan she gets $530 a week.We are both Australian residents have clear credit files i have been at my current employer for 8yrs she has for 2yrs 2months.We have plenty of disposabal money left a week roughly $600 a week .Most lenders are saying to pay back our loans i realise this but we will never get to buy for at least another 2 yrs or so.We didnt mean to get that far in debt we were just young and stupid and we are really paying for it now.We are looking at borrowing a very maximum of $280000 we have a deposit of $7000 now but we are wondering if we could get a 100% or 106% loan so we could use our money to get set up,any help would be great,thank you Brendan. (Brendan Hancock, Gold Coast, Australia - 05 December, 2005) Currently you could possibly obtain a 100% loan of about $200,000. Your best bet would be to save a larger deposit and apply for a 95% loan. You would find you would qualify for a larger loan and the interest rate would be cheaper. (05 December, 2005) I will be moving to Adelaide in 2006 on a 3 year temporary SIR visa. Will I be able to get a mortgare? I will only require a 25-50% mortgage. Thanks Joanne (Mrs J Short, Holmfirth, UK - 05 December, 2005) You should have no problems at all obtaining a small loan such as this. Best of luck next year. (05 December, 2005) I am migrating to QLD on a defacto spouse visa in December. These visas carry a status of 'provisional residency' for the first 2 years. Once I have employment, would I be able to get a mortgage with my wife who is an Oz citizen? We would put down about AUD 70,000 deposit on a AUD 300,000 property. thanks, Alec. (Alec, UK - 05 December, 2005) You should be fine borrowing up to 80%. You would be best to apply once having completed any probationary period with you new employer. (05 December, 2005) I am a British Citizen currently a temporary resident on a 4 year business visa (457). My partner is an Australia citizen, who currently has a mortage. We would like to buy a home together next year. Am I able to get a joint mortage or do I need to become a PR? (Samantha, Sydney, Australia - 05 December, 2005) There is no need to be a PR however if you are in the process of becoming one it is a little easier. You may be able to borrow up to 80% depending on the strength of the application. (05 December, 2005) I am a pensioner and I have only a $15,000 mortgage on my $330,000 house - I would like to borrow $10,000 on the mortgage - is that possible? (Carmel, Hazelbrook, Australia - 05 December, 2005) Depending on the type of pension, the amount and any other outstanding debts you should be OK to increase the mortgage by $10,000. (05 December, 2005) my partner earns 55,000 ayear i am on family allowance 420 fortnight i have good credit history as i have 3 kids he has a unpaid default which will pay asap can we still get a no deposit home loan if we pay default out and loans we have which will then leave us with no deposit. (glenda, bacchus marsh, australia - 05 December, 2005) A 100% loan requires that all defaults be paid out for at least 6months. You would be best to pay out the default now and try and save as much as possible for the next 6months. (05 December, 2005) I have migrated in June'2005 and holding 457 visa. I am heading MNC IT company in melbourne. Will I be eligible for personal loan ? If yes, then can you recommend the banks who offer loans. (Sanjay, Melbourne, Australia - 16 December, 2005) Generally speaking most lenders will grant a small personal loan based on your employment contract. The term may be shorter but you shouldn't have too much trouble. (09 October, 2006) Hi, I am a 31yo single mum with a 10yo daughter. I read on this website about 106% home loans.....can I please have some more info on who provides these? I earn 40,000 plus super. I get 133/ftnt family payments and 200/ftnt maintenance by direct debit. I am eligible for the FHOG and would like to use this for my deposit. I have $17k personal loan and $2k GE credit card which I would like to consolidate onto the home loan. I have been living out of home for 16 years and have everything I need, except a house! I have never missed a weeks rent and yet no-one will look at me for a home loan! PLEASE help..... thankyou. (Brigitta van Aaken, Monash, ACT, Australia - 16 December, 2005) There are 100% plus mortgage insurance loans available. The interest rate generally though is higher and therefore limits your borrowing capacity. Consolidating the personal loan and credit card into the loan isn't really an option when borrowing 100% as there isn't any equity in the property as yet. With clear credit you would be able to obtain a 100% loan but only a small one currently. (16 December, 2005) I am the holder of a spouse visa and I shall obtain my PR sometime middle of this year. My husband is Australian citizen and we are now living and working overseas. We bought an apartment recently in Docklands under his name because the bank would not give us the loan since I am not a PR yet. Is there any way to transfer ownership of the apartment under my name with him as the loan payer? What's the procedure? Thanks. (Yanny, Bangladesh-29 October 2005) (Deli Yanny, Dhaka, Bangladesh - 30 December, 2005) Hi Yanny, You need to speak to a conveyancer or solicitor to arrange your name on title. If you do not have one in Australia please let me know I can can give you a some names. Cheers Dave (30 December, 2005) hi, iv'e been through a nasty seperation this year which has damaged my credit rating. i would like to buy a rural property in the mt pleasent (south australia) area and need to borrow as much against it as posible. i have a development company that started july 05. i'm expected to earn over $660,000 by the end of this financial year. i have $480,000 worth of subdivided blocks in a promenent part of adelaide which i owe $320,000 on. is there a lender out there whom could help me? cheers, tori (tori - 30 December, 2005) Hi Tori, There are always lenders. It depends upon whether it makes commercial sense to use them. If you would like us to help suggest you send copy of Credit file with explanation as well as statement of assets and liabilities so we can assess your situation and make a proposal. Please fax to 1300 30 99 78 or email info@donationhomeloans.com.au Cheers Dave (30 December, 2005) Hi there, my partner and I are looking to buy our first home. we have a deposit of $50k but we both have unpaid defaults should we pay these first before applying for a loan or can we apply with them on there. Also I just started a new job paying me $900 a week and my partner earns $600 a week will we service for a loan for around $400k and beacuse I have only been in my current position for the past 5 months how will that effect it. Thank you Dave (David Mathie, PENSHURST, AUSTRALIA - 30 December, 2005) Hi Dave, You would have to pay the defaults before a loan is drawn down. I recently did a loan where the loans were upaid at the time but it is preferrable if they are paid at time of application. Suggest you provide a copy of your credit file and explanation of issues so we can make a decision on how best to proceed. Our fax number is 1300 30 99 78. Cheers Dave (30 December, 2005) I am 26 with no dependants and earn over $70K a year in secure employment. I owe a total of approx $40K in personal unsecured debt. I have assets of car, furniture etc to approx $35K. Is there any possibility of receiving funding for a home loan in my current situation without a deposit? I have a very good credit rating. (K Snape, Cairns, Australia - 12 January, 2006) Hi Karley, We would need to understand your monthly repayments of your existing debt and if you qualify for the First Home Owners Grant. For a detailed answer we would require you to complete a borrowing capacity assessment form. Please call on 1300 30 99 79 to discuss further. Cheers Dave (12 January, 2006) My wife and I brought a property in Port Kennedy Perth a couple of years ago, just as the property prices started to increase. The property was our first home and was only brought as an investment and has recently been values at $320k with $200k mortgage. We are looking at moving to Canberra with my work and now we are in the decision making process whether to sell or rent out our property. (We will not be returning back to Perth) My question would be, is it better to sell and use the capital gains to purchase a property in Canberra or to turn our house into an investment property and us the collateral to purchase a house to live in Canberra? Also understanding some of the Tax implications of renting out our house would be handy. Thanks Rob (Robert, Port Kennedy, Australia - 12 January, 2006) Hi Rob, Either scenario can be successfully financed. Factors to consider are capital growth projections for your existing home becoming an investment versus the resulting tax position of your two options. If capital growth projections are good it could be worth keeping regardless of tax issues. Making money is always making money! We cannot give tax advice but you may discover that selling and buying a home in Canberra and then buying an investment is a better solution from a tax position. We suggest you seek independent tax/financial advice on this as everyone has different income/tax positions. We specialise in finance structures for investors so if we can assist please don't hesitate call on 1300 30 99 79 Cheers Dave (12 January, 2006) Hi my husband and I have 3 children and sold our home in Sydney we have no deposit and can't save due to the $500.00 a week rent we pay we would like to buy another home,can you tell us who does the 106% home loans in Canberra ACT thank you (Lee, Weetangera ACT, Australia - 12 January, 2006) Hi Lee, There are a couple of lenders who do this. Best we have you complete a borrowing capacity assessment form to fully understand your position. Will forward one via email for you to complete. Cheers Dave (12 January, 2006) Can you please tell me how a temporary resident in Australia can obtain a personal loan???. My brother is on a 4 year work visa and has a permanent job in Qld. He needs to borrow money in order to get a vehicle and to put down a deposit on a flat, but no bank wants to assist. We seem to be in a catch 22 as banking institutions here won't lend money as he now lives and works in Australia and banks there don't want to lend money because he is not a permanent resident??? Please help. thanks (Lorretta Jackson, Pretoria, South Africa - 17 January, 2006) Hi Loretta, Your brother would be better off getting a lease for a vehicle and possibly a cheap credit card (10%pa) for the rest of the money. He would need to be on a good income to afford all the repayments if he was to purchase a flat. We can assist with the car lease. Try Virgin or HSBC for the credit card. There are some 95% non-genuine saving loans now available. So your brother would need a minimum of 10% of the purchase price to cover deposit and all fees, such as stamp duty. If he wishes to progress please have in contact us on 1300 30 99 79 or email info@donationhomeloans.com.au. Cheers Dave (17 January, 2006) i am a temporary australian resident, trying to get a loan or a credit card. is there anyone who had the same experience and can give advice? (carmen, melbourne/st.kilda, australia - 25 January, 2006) From what we have heard applying for a credit card or personal loan is easier than a home loan. Generally with proof of income and a stable address you should have success. (25 January, 2006) I have had an ABN for approx 6 years but do not have up to date financials. I can at the minimum show 3 months steady income. My wife and I have previously owned a home, we have no loans, no credit cards and own our Nissan X-Trail out right. We have approx $25k and have been offered loans for established houses but would really prefer to build. We are looking at a Devine House & Land package with a fixed price. Will anyone be able to help us? We're getting increasingly frustrated!! Thanks! (Tristan, Adelaide, AU - 27 January, 2006) Hi Tristan Lo Doc (no financials) Construction is difficult. Generally most lenders will only go to 70%-80% of the contract price. So you not only have to cover the deposit but the costs as well. On an established property (as you have already discovered) it is easier. By having financials you will be able to borrow more for construction purposes. (27 January, 2006) My partner has 1 unpaid credit card default on his file. We currently have a housing loan which we have had no payment issues with and 1 other credit card which is also ok. We are in the process of selling the house and will have about a $30k deposit for another.The default will be paid out on settlement of the property.He has a transient employment history however I have a 12 year stable job. Will the major banks have issues with this? (Joanne, Stafford, Australia - 27 January, 2006) Hi Joanne Generally the size of the credit card default will determine the Major Banks view of the default. As it will have only been recently paid out will also make it difficult, but not impossible. Your employment is great however casual employment needs to be supported by as much information as you can offer. Good 2 years tax returns is extrememly helpful and if the income is supporting income to yours (not the main source of income) even better. (27 January, 2006) I'm an Australian citizen and my husband is English with a provisional spouse visa that is currently being assessed for permenant residency. we have been back in the country for 2 years and are looking to buy a home. we have had several lenders say we can't get a loan that requires lenders mortgage insurance. is this the case? (Rebecca, Hunters Hill, Australia - 30 January, 2006) Generally speaking this is the case. There are exceptions to every rule though and it is possible to find a loan above the 70%-80% threshold most lenders have. Ultimately though each application is based on it's own merits and although not easy it is possible. (30 January, 2006) Hello there! Me and My wife would like to make a personal loan to buy a car from a private seller and we only need AU$8000,00. We work for the same company. We earn $1.112,00 per week. We don't have kids, pets, debts or any other financial responsibility besides our rent of $320,00 p/w. But (here comes the tricky part) We're on temporary visas (valid till Aug 2007). But (here comes the good part) my boss agrees to authorize direct debt from our pays and he also offered to be a personal guarantor for the loan. For obvious reasons we're looking for a 6 months to 1 year repayment time. Is there hope for my case out there??? Cheers, Marconi P.s: Another quick one, Can a non-permanent resident buy property (land) in Australia? (Marconi, Sans Souci/NSW, Australia - 30 January, 2006) Your best bet for a small loan like this is to: A. Apply for the loan on line (eg, ANZ or Westpac) B. Visit a local branch (possibly even where your employer banks) C. Apply for a credit card with an $8,000 limit A Non-Permanent can purchase property in Australia however there some limitations and formal applications you need to make to be approved to do so. See this website: http://www.firb.gov.au/content/faq.asp (30 January, 2006) Do you operate in Western Australia (Beth Ward, Mandurah Perth, Australia - 28 February, 2006) Hi Beth, Yes we have Loan Writers who can represent us in Western Australia if you prefer face to face or we can work directly over fax and phone. Please let us know your preference. Cheers Dave 1300 30 99 79 info@donationhomeloans.com.au (28 February, 2006) I would like to know if you lend money to people who are Centrelink Pensions wanting to buy their first home. I am looking for finance to buy a home for my 2 daughters and me so they can have a better life. (Melissa, Riverview/Ipswich, Australia - 01 August, 2006) Some Lenders do accept Centrelink Pensions as the main or only source of income as long as it is a permanent or long term pension. However lending may be restricted to 80% of the purchase price. (01 August, 2006) I a, a single mother of one and currently work full time - although i do not have a deposit and my salary is $30,000 per annum is there any chance i would be able to get a home loan (kerry marks, doveton/melbourne, australia - 01 August, 2006) There are 100-105% loans out there but they are difficult to qualify for. How much you were able to borrow would also depend on what other debts or credit cards you had as well. (01 August, 2006) hi, me and my husband having a sir visa holder.we moved here for 3 months back we both are working.we want to buy our own house.can u suggest me how much loan can we take from the bank to buy house range between $10000 to $20000 (Aman, South Australia, Australia - 01 August, 2006) For Non Residents of Australia most lenders will lend up to 80% of the purchase price and may require Foreign Investment Review Board approval. Website: http://www.firb.gov.au/content/default.asp So for a purchase price of $200,000 you may be able to borrow up to $160,000. (03 August, 2006) My wife and I are here in Australia on 4 year work visas that expire in Dec 2009. I have stable employment and we are looking for a personal loan to pay for university for my wife. I would have no problems paying any payments in the time our visas and my employment contract run their course. We have been having difficulty because the university wants approximately 15000AUD in one lump sum. Are there loans available to visa holders within the time frame of the visa for non residents? (Isaac, Stockton, Australia - 03 August, 2006) We believe that the Westpac Bank may have an option for you in the form of student loans. (03 August, 2006) I would like to enquire about a loan of $90000 for a block of vacant land in Cookernup, WA. I have found it very difficult to get a low deposit loan because i am single and only earn $36,000. All these institutions talk about no/low deposit loans but you have to have a partner and buy a plastic house in the suburbs to qualify. Are there any options for me (Jon, Cookernup, Australia - 03 August, 2006) Given the area you may find the maximum loan amount would be 95% of the purchase price. (03 August, 2006) Hello, i am from New zealand been living here for one year working for 10 months, earn 831 b/tax plus also over time varies.. Signed up with bank of queensland because thay told me i would get a loan with 6mnths saving with them which i have just done. But after applying was turned down for personal loan and credit card and told there is no way i could get credit being from nz and not australian resident, can you please help with this problem? Jason (Jason, Melbourne, Australia - 03 August, 2006) We believe you may find you have more luck with Credit Unions or the Bendigo Bank. (03 August, 2006) Just a question, we are both undischarged bankrupts, however, we may have been a bit premature in going bankrupt! We are now back on track financially, and want to know if we can get a loan for a new car. We had a small business in transport, but struck financial difficultys due to cashflow problems. We have a deposit saved for a new car. Regards Greg and Josephine (Gregory/Josephine, Castlemaine, Australia - 03 August, 2006) Yes it may still be possible to obtain a car loan. There are some restrictions though. (03 August, 2006) we are on a 4 year buisness skills visa about to apply for perm res as our 2 years of successfull trading and emloying staff etc have just passed, we have accounts but want to borrow more than 85% to purchase a property in another state as we are expanding the buisness, could take 6 months plus for perm res anyone lending more in our circumstances now? (v muldoon, adelaide / and qld, australia - 03 August, 2006) We would require more information to make enquiries but it may be possible. Where would you be purchasing? Are you able to provide full financials? And confirmation you have applied for Residency. (03 August, 2006) Wow, your response is fantastic! I got our last question wrong, we have an approval in principal. Is this the same as a pre approval? (P. Marshall, Mildura, Australia - 04 August, 2006) Yes, it is the same thing. Good luck with your loan! (04 August, 2006) My husband and I have just received a pre approval to buy a home. Does this mean we have the loan or not? We have clear credit here but paid defaults in New Zealand (we have been in OZ for nearly 2 years). (P. Marshall, mildura, victoria - 04 August, 2006) Generally speaking a pre-approval means the Lender has completed a CRAA check and it has been satisfactory. I can't confirm this as I am not sure what process you have followed to obtain the pre-approval but most likely it will now only be subject to the property being satisfactory, a valuation of the property and Mortgage Insurance Approval. (04 August, 2006) i have debts of around 35,000 what are the chances of buying a house in bacchus marsh vic. for around 190,000 i earn 1,400 p/f (d.carroll, king meadows, australia - 11 August, 2006) We would require more information to give a true estimate. (11 August, 2006) Hi, I'm a single mother with 2 young dependants (ages 33 and 13 months old). Currently my only source of income is a single parent pension and family tax benefits (totalling approx. $900/fortnight). My sister has promised she will gift to me $50000 for a home deposit, but unfortunately I also have a $37000 credit card debt which I raked up when I stopped working to have the kids, plus a further $25000 in HELP Debt while I studied at university. Is there a home loan lender who will loan to me for construction of a home, and if so approx. how much (I also qualify for the FHOG)? I have an excellent credit file (I've recently obtained a copy from baycorp with no defaults etc.). I'm looking to return to the workforce right now on a part-time basis. What financial advice can you offer me? (Kim, Bendigo Victoria, Australia - 11 August, 2006) It would be difficult. It would depend on how much you wanted to borrow and the location of the property. I feel though you would have a better chance purchasing an established property rather than constructing at this point in time. If you obtain a permanent part-time job you would have a better chance. There are a lot of factors that would how much you would be able to borrow. The large credit card debt will impact your borrowing capacity. (11 August, 2006) In 1999 My Mother inlaw & her defacto asked my husband if he would be Guarantor for them on a home loan as her defacto had left a 20yr job with the navy & she only worked part time. They had the deposit but no stable income. As my husband had been in the same job at this time for 9yrs. Then about 8mths into the loan he started to get calls from the bank saying that the house repayments were late so he went back to the Conveyancer & had his name taken off the loan as he did not want a bad credit rating because of them. Now its 2006 & we would like to buy our own home and have just found out that his name (my husabnd) is listed at the state revenues office on their title deeds. So now were not entitled to the FHOG. We never lived in this property nor paid money towards anything. And even after he took his name off about 6mths later they split and the house got sold and he still got nothing not a cent. A broker on our behalf rang the state revenue office and explained our situation & they said if we got the banks finance contact, bank statements and a stautory staement from his mum then they might concider it. My husband said that he only signed about no more then 3 papers, And he said to the Conveyancer that, he was having nothing to do with the house just helping them get the loan and he said yes. PLease help us as its unfair that we have never owned a home and have always rented & our children aged 6 & 3 deserve a stable place to call home. My husabnd is still employed in the same company now for 16yrs and earns over $1000 a week. We have $10000 deposit and with the FHOG makes it $17000, Otherwise we have to pay stamp duty etc and get morgage insurance. How can we do something about this terrible mess???? Very much looking forward to your reply asap (louise, central coast, australia - 11 August, 2006) An option maybe to approach Legal Aid and ask if there is any other option in terms of making an arguement to the government regarding the FHOG. (11 August, 2006) My partner is english on a 457 visa I am a New Zealander our combined income is approx 120,000 would we qualify for a 100% mortgate or any mortgage for that matter? (Kirsty - 11 August, 2006) It would be very difficult. At least one of you needs to be an Australian Resident. For Non-Residents most lenders will limit the borrowings to 70%-80% of the purchase price. (11 August, 2006) I moved to oz from nz 2years ago and wish to buy a home but i have paid credit problems in nz. i have a good job and great credit here, will the banks check my nz history (jude, Irymple, australia - 24 August, 2006) Hi Jude, I doubt Australian lenders will investigate credit issues in NZ. Most lenders will consider an application with paid defaults more than 2 years old. I know we could arrange the finance with a suitable lender. Please contact us on 1300 30 99 79 so we can propose a lending solution. Cheers Dave (24 August, 2006) I am currently an undischarged bankrupt, mainly due to debt from break up of my marriage. My mother has been diagnosed with terminal cancer and I take her for palliative chemotherapy. Unfortunately, my car is having major problems. I have recently purchased a second hand engine, but that is now out of warranty and playing up. I can trade in my vehicle in its current conditions for about $1000 but to get a decent vehicle to take her to chemo and also for me to get to work need to borrow about $2000. Is this possible. (Jen Barrymore, Kariong NSW, Australia - 24 August, 2006) Hi Jen, What you are after is a personal loan (or a cheap credit card). For a loan this size it is often easier to arrange a cheap credit card (8-10%pa interest) than to arrange a personal loan. You might try virgin credit cards as a starting place Cheers Dave (24 August, 2006) We have a default for $1600 that was paid two years ago. Will that stop us from being able to get a credit card? (Lauren - 24 August, 2006) Hi Lauren, I imagine you could still get a credit card. We do not arrange those unless we are arranging a home loan for a client and they would like a credit card as an extra. Search for "cheap credit cards" on the internet or try someone like Virgin or Citibank. Cheers Dave (24 August, 2006) I am a UK citizen married to an Australian citizen. We married and I moved to join him here in Queensland last year together with my son last year. We bought a property prior to my being granted a provisional residency visa. I was told at the time that even though I had put a substantial deposit into the property my name could not be put on the title deeds because of my then residency status. Now that I have been granted a provisional residency visa I should like my name to be placed on the deeds of the house for security purposes and should like to know if this is possible and how this can be done? (denise, Queensland, Australia - 24 August, 2006) Hi Denise, You will need to go and talk to a Queeensland solicitor to assist with the transfer of title to include your name. Cheers Dave (24 August, 2006) What paper work do you need for pre-approval. how long should it take for someone to process application (for you to get an answer). (peggie-sue, ipswich, australia - 24 August, 2006) Hi Peggie-sue, To obtain a preapproval is the same paperwork as for a home loan except we do not identify the security (home) as it is usually unknown at time of application. It is a good idea to have a preapproval when shopping for a home because it can help you negotiate with confidence. Cheers Dave (24 August, 2006) my husband has a personal loan of $2000 he only ows $1200 does he have to pay this out in order to get pre approval of 106% of home loan. (peggie-sue, ipswich, australia - 24 August, 2006) No there is no requirement to pay out any existing debt. The lender will look at your ability to service a 106% loan including any existing debt (Answered by: Dave 24 August, 2006) Hi. Great to see a company looking to support the 'triple bottom line' in a practical way. Looking at your list of community partners and payments made, I noticed a range of Christian organisations as well as the Holden Sporting Car Club. I think what you're doing is very positive but I do have some questions: * how do you decide which organisations to support? Is it a personal decision or do you have an objective process? * is the company a Christian organisation? If so, should this not be stated somewhere on the site? * why is the Holden Sporting Car Club supported? Is this due to personal interest by the founders or is there another reason? Thanks, Steve (Steve, Northcote, Australia - 24 August, 2006) Hi Steve, Thanks for your words of encouragement. Please see answers to your questions below: Organisations we support? We ask the customers to nominate the non-profit organisations they wish to support. At the loan interview with the clients we request they complete a nomination form. When we receive the gross ongoing commissions for each client's loan, we donate 50% to their nominated non-profit organisation. The client may chose any non-profit they wish. There is no requirement to chose from our donation list. We track all of the nominations and commissions in our donation system which we had specifically built to manage the donations process. I trust you agree this is as objective as we can make it. Personal Decision or objective process? I trust most of this is answered in the above save for the reasons we choose to do it. Both Mark and myself (founders and directors) are personally involved in non-profit organisations. Mark is chairman of the board of trustees for Victorian Animal Aid and I am a volunteer firefighter with the Victorian CFA. Yes both these organisations promote our business, resulting in their supporters using our service and nominating those organisations to receive the commission from their loan, resulting in more donations to those organisations. We encourage non-profit groups to promote Donation Home Loans as a fundraising opportunity, so that in the same way their own supporters will use the service, nominate the group and generate donations for it. Christian Organisation? We are not alligned to any religious organisation. The personal religious choices of our staff and clients are many and varied. Why do we support the Holden Sporting Car CLub? One of our clients has nominated this club to receive donations. Mark and I do not drive holdens! Cheers Dave (24 August, 2006) My husband and I are wanting to purchase land, west of Ipswich, near lowwod ( approx value $130,000) , pay it off for a year or so ( if we have to, to gain equity), then build a home (approx value $250 ,000). We have owned a house before and have a deposit of $5000. We have no savings history and our credit history is blemished with 2 court judgements - on my husbands credit report..,both paid recently, and a couple of paid defaults, eg phone bill. My husband has worked for himself for the past 15 years, and has recently started a fulltime job bringing home $1000 p.w after tax etc.. I am unemployed and get Family payment of approx. $400 p.f. We have no credit cards, and one car loan with balance of approx $30,000. We own my husbands ute, approx value $30,000. Can you please advise how much more deposit we will need, and who may lend us the funds to build our home.. thankyou Sharon (Sharon, Brisbane, Australia - 24 August, 2006) Hi Sharon, Given your credit history you may only be able to get a 90% loan. That means you would need to save a 10% deposit plus costs. I calculate this to be $14,500 to purchase the land. The only true way to know is to go through the applicaiton process. There is no cost to do this. If you wish to know for sure please call 1300 30 99 79. Cheers Dave (24 August, 2006) im moving to Australia in december with a temporary spouse visa, i will not be a PR in 2 years but i need to get a loan to assess my skills, my husband is an Australian citizen but is still payng a loan for a car, is there any way i can get a loan? (Ingrid, Victoria, Australia - 24 August, 2006) Hi Ingrid, I am not sure what you mean by assess your skills. And I am not sure for what purpose you need a loan. If you mean getting a good credit score... In Australia we only have negative credit reporting. We do not have positive credit reports as can be found in countries such as the United States. There is no benefit to creating a positive credit history in Australia Cheers Dave (24 August, 2006) Hi there I am just after the best way to get a bad credit car loan? i am going throu a very messy seperation i've had my car repoed and have un paid credit defaults they were around 90,000 now do to about 30,000 and i have been trying to get some money together to buy a car to get work that i do best my current job is only casual and my ex has put a dvo on my for callling her a name and have not got any right to live in the house so i've movede to nsw to live with my parents in order to try to get on my feet but i'm going no where i have to wait for the settlement to come through but do not know how long this will take as i can not get a solicitor as they cost to much and will not deal with queensland family law from here have no kids got a house and block of land we owe approxamatly 170,000 the house is valued at 260 to 290- the land is valued at 160-190 could you please give me some advise on this if you can kind regards Jamie (jamie, riverstone, australia - 28 August, 2006) Not impossible but we would need some more information in order to assist you. The best option would be to raise the funds against the existing home and land. (28 August, 2006) Im looking to get a loan to pay for course for overseas trained dentists to get my dentist degree in Australia, my husband is still payng for a car loan, and will not be a PR in my 2 first years...is it posible to get a personal loan? (Ingrid, Victoria, Australia - 28 August, 2006) You may find GE Money is able to assist you with a loan. (28 August, 2006) Hi, I went thrpough a mortgae broker about 4 weeks ago to conslodate my debts. I was refinanceing a house, credit cards, car loan and a few personal items. I got a phone call saying that th eloan had been approved and they were sending me the paperwork. 7 days later, the broker rang and said that they had reconsidered the loan and decided they were not going to give it to me. I was devistated. Can they do that. tell you one thing and then tell you another?. my problem is that we are on 120acres and a low doc loan as my husband is self employed. Is there ANY lender out there that will loan on this criteria?. Looking forward to your response. Lynda (Lynda, kimbriki, australia - 08 September, 2006) Depending on the value of the property and how much you were looking to borrow we would be able to find you an option. Generally though it is very unusual to have a loan withdrawn once approved. (08 September, 2006) I am a Temporary resident (422 Visa) since January 2005 for 4 years. I am in the process of obtaining the permanent residency but haven't lodged an application yet. I have a good income now. Is it possible to get a home loan with 5% deposit or less. (Osmand, Epping, Australia - 08 September, 2006) Once you have lodged an application you may have a better chance of obtaining a 95% loan. At present generally the most you can borrow would be 80%. (08 September, 2006) Hi, I will be relocating to Australia in the very near future on a 457 temporary residency visa. My family group consists of myself, wife, and three daughters. I will be in the market to purchase a home somewhere in Perth, and currently have about AUD 250k available for this. I´m transfering from my home country to Australia, and will be working for the same company, making about 70K a year plus bonus/overtime which may take it up to 90-100k a year. I´ve been doing some research, and a property that suits our needs will cost us between 450-500k. Will we be able to get a loan? If so, can we start applying for a loan as soon as we arrive, or do we need to reside in Australia some time before applying? Thanks in advance, MR (Mario Reyes - 08 September, 2006) Yes you would be able to apply for a housing loan. You would be able to borrow between 70%-80% of the value of the home. You would be better off having 3months in your job before applying but it can be done sooner. Feel free to contact us once you arrive here in Australia (08 September, 2006) Hi, My wife is in need of lap band surgery which is available either through the public hospital system with a waiting list of anything from two to ten years, or privately, which she could have done now at a cost of $10,000. She has early signs of diabetes and heart disease so she needs this sooner rather than later. We are both on pensions. I am on a disablility pension and she is on Carers pension and Allowance. Do you know of any financial lenders or other organisation who may be able to help us finance the $10000 so my wife can have this operation asap. Thanks (Craig Smith, Whittington, Australia - 08 September, 2006) Hi Craig, We may have a solution for you. I will forward the name of a Bank Contact to you that may be able to assist you. (08 September, 2006) My husband and I have had change of plans. We have decided to purchase an established house now, and use it as an investment home later. The purchase price will be <$250 000. My husband has 3 judgements on his credit report, that we are able to remove with a notice of discontinuance. The creditors have agreed and it is in the process now. The only blemish then will be a telephone default ( paid) of approx $400. My credit history has one telephone default of approx $600 and two GE defaults one is $1600 , the other is $700, all paid. My husband earns $1000pw Net, and I am unemployed and received $400pf family allowance. The only debt we have is a car loan which we pay $800pm. My question is, is it possible for my husband to obtain a loan in his name only, if my credit file will effect the interet rate etc? Can you also give me some idea what the interest rate will be and the deposit needed for this loan amount? thanks Sharon (Sharon, Brisbane, Australia - 08 September, 2006) Based on the information you have provided you may be able to obtain between 80%-85% of the property value. The interest rate would depend on the view of the defaults by the lender. More likely in the 8%-8.5% range. (08 September, 2006) Hi there, I am a 34yr old single mum and I work full-time in a secure job. I earn $36000 per annum plus super. I am hoping to obtain some kind of loan as I have debts to family and friends as well as some outstanding bills. I have one unpaid default for $2500. I have contacted lenders through email who advertise as bad credit friendly but it is proving difficult. I had a great credit history prior to my ex requiring urgent brain surgery. I had paid off two personal loans,each $4000 each and one mastercard. All credit was through major banks. Is there any hope for me? I want to pay off my debts so I can start again and get back to where I was prior to his illness. Thanks (Tracey Edmonds, ACT, Australia - 14 September, 2006) I believe that GE Money may be your best option as I have heard that they will look at bad credit personal loans. (14 September, 2006) Hi! I'm wondering what finance company would be able to help me and if i would be sucessful in getting a personal loan of $5000.00. I currently receive Centrelink benifits and work 8 hrs per week in school terms a total of roughly $1200 per fornight with all this income. I have 2 children and have been living with my parents for the last 9 mths before that i was renting for 4 yrs. I was sucessful in receiving a car loan through Esanda in March this year. However i have had a bad credit rating due to my sister but this is no longer showing on my credit file. I have received my credit file only to find that when i put the phone on for my mother in 2002 she did not pay the finial bill until 3 mths after the due date so this is now showing as an overdue account but has been paid this will be removed next year. I have contacted my bank Westpac to apply through them and they said that i wouldn't be sucessful if i had any overdue accounts listed. When i went for my car loan this was not a problem to them as it was paid. What can i do i wan't to get my credit rating looking good as in the future when i return to work fulltime i want to buy my own home. I certainly know that i will not put anything in my name for anybody from now on as i have had to pay the price for the last 10yrs. (Vicky Clarke, Buronga NSW, Australia - 14 September, 2006) Hi Vicky There are people that can help you with cleaning up your credit file. I will send you an email direct with his contact details. (14 September, 2006) hi im a single mum of two young children aged 11mths and 3 yrs and im looking to purchase my own home but only have income from centrelink being the pension and family tax benefit with no debts of any kind is it possible for u to give me any advice as to wat i can do please? (fiona prosser, yarloop, australia - 14 September, 2006) It would be very difficult to obtain a loan on this basis. (14 September, 2006) Hi, I currently have a part nine agreement which im about 6months into paying $210 per week, the balance was $54,600, I want to know is there any lender who would lend me money to buy a new car, I earn a good wage of $70,000 per year. I would have defaults on my credit history but they are being paid with the part nine agreement could you suggest any lenders that may help Thanks (Renae, Melbourne, Australia - 20 September, 2006) With your current part nine agreement you would be able to borrow for a car but there are restrictions on how much you are able to borrow. (20 September, 2006) I have separated from my husband and as payout we decided to help the kids and me in still owning a home by putting that payout which was aroudn 90,000 into the 280,000 loan then me and the ex would be part owners of the property I would rent it out which would be half of my loan to repay whats left and some to his loan he took out to buy this house. Anyhow the problem is title how do I now get the title to have my name also on this property since my payout is stored into this house and I am making payments through the rent I pay. (Kerrie Hutcheon, Melbourne, Australia - 20 September, 2006) If your X-husband is the only name on the loan, you would need to refinance the loan to have you BOTH listed on the loan and then have a transfer completed by your solicitor to have your name placed on the title. (20 September, 2006) I am looking for a lender that will do a low doc construction loan, providing over 85% on the LVR. Can you advise me a list of lenders? (Joe, Eudlo, Australia - 20 September, 2006) We would require more information to answer your question. Is this for owner occupied purposes? Is it an owner builder project? What area are you looking? (20 September, 2006) Hi Dave, I am a single parent of 3 and am just completing my DIP in Software Development. My earning capacity is approx $900 per fortnight (pansioner benefit payment) and want to know if there is anyway I can obtain a home loan. I have no outstanding debts and a good credit rating (via baycorp) but I also have no deposit and with the tight laws about how much money a single parent can hold without it affecting the benefit payments don't see that I can obtain a deposit easily. I do have credit cards to the value of $5,500.00 but don't use them. (Andrea, Gorokan NSW, Australia - 20 September, 2006) 100% loans generally require the applicants to have strong full-time employment. You would find it very difficult to obtain a loan without it as the moment. An other option may be to investigate a reputable Vendor Finance option. (20 September, 2006) I am a temporary resident, married with two children, who are all Aus Permanent Res.. I'm here for 5yrs, working fulltime to support my family, the wife earns family allowance. I just need money to help with my papers, and a family car. Can you help us please. (Naituli, Sydney, Australia - 25 September, 2006) You haven't mentioned what type of loan you require but if you are both working you should have no problems obtaining a 95% home loan. (25 September, 2006) My husband is a temporary resident here in Australia. Myself and our two children are Australian Permanent residents, currently New Zealand Citizens.. He has a total of 5 yrs here and two years remaining. He works fulltime being now 3yrs. We are renting at 275pw and no credit cards or anything any debt..We are wanting to apply for a loan, just to help with his application and maybe a family car. Both our salaries put together would equal around 49,000..Please we would like to know if we can apply for a personal loan.. Thankyou Petrina Clarke (Petrina, Bass Hill, Australia - 25 September, 2006) As a temporary resident it will be difficult however as an Australian Perm Resident you should have no problems. (25 September, 2006) Greetings, We would like to purchase a rural zoned (1A) property in Cobargo NSW as an investment by way of a 106% loan,but have been told by a number of lenders that they will not lend that amount because Cobargo is 40km from Bega the major town. Do you know of any lenders who can accommodate our needs? I gross 74k and my wife 24k .We are selling our Glenning Valley house but will not receive much from the sale,we will rent for a couple of years then hopefully relocate to Cobargo. Regards. Kevin Robertson. (Kevin Robertson, Glenning Valley, Australia - 25 September, 2006) Sorry we haven't been able to find anyone that would be able to finance your purchase. (25 September, 2006) single mum receiving pension only and currently paying off two debts one i currently have for 900 the other is 2500 both of which I am currently paying ontime and haven't defaulted yet joined monthly payments of boths loans totally 3500 is just under 500 per month which is what someone pays when they have borrowed 30,000. Im looking for a lender to consolidate these debts so I have one monthly payment covering everything. I am currently looking at 5000 which will pay not only all my outstanding accounts but also update funiture etc and things needed for the house... Is there any lenders around who help with this (michelle, budgewoi, australian - 25 September, 2006) You may be better off applying for a credit card or I shall send you a name of contact you may call. (25 September, 2006) My husband and I are currently renting, we would love to purchase our own home soon, He has a full time job and making close to $1000 a week, I do not work but get centrelink money. we have four children. I will be getting a job next year. Our credit ratings are not the best. What's our chances of ever buying our own house in the near future? (Shelley, Brisbane, Australia - 25 September, 2006) The amount you would be able to borrow would depend on your credit issues. Minor credit issues such as small Telstra defaults can often be over looked. (25 September, 2006) Dear DHL, it is with desperation that i am submtting this inquiry. Following my recent divorce I am left homeless and penniless, and trying to rebuild my life I've attempted to apply for a small personal loan, unfortunately, all previous credit cards, various loans were under my name but used by my ex-partner, thus it has been extremely difficult for me to be eligible for any kind of loan as my credit rating is worst than poor. I work as a technician with a tradesperson, earning $750-$1000 / week (cash in hands) depending on how busy his business is. I don't have Tax assessment notice nor tax returns whatsoever, only a letter from the employer. Please advise on my options, and propabilities to be eligible for a small loan? I urgently need to borrow $5000-$7000 to get my self an used car, rent (in arrears), basic needs for a decent living....I appeal to your expertise to help me find financial help in the shortest delay. Sincerely Yours, Jason B.L. (Jason, cabramatta, australia - 25 September, 2006) There may be options for you. We will have someone contact you. (25 September, 2006) Hello, I am wanting to borrow $165,000 for a block of land in the Blue Mountains. I have been employed with my employer for the past 3years and earn after tax $732 per week. I have an unpaid default of $400 (Telstra Bill) from 3years ago. My fiancé is a temporary teacher earning $600 per week after tax. We have a credit card that is to it's $7,500 limit but paying it off.We can get $10,000 deposit(from parents) but want to know if we can get this loan with zero deposit if possible.Is there any one to help with this loan for the both of us? (Greg, Sydney, Australia - 26 September, 2006) The most you would be able to borrow for vacant land is 95% and you would need to pay the Telstra default. (26 September, 2006) hi, i am a 28 year old single father of a 4 year old daughter. i have recently secured full time employed at a local university and earn $1480 per fortnight after tax. my problem is that a few years ago i was charged with some driving offences which resulted in loss of licence and fines totalling about $3000. at the moment i am living comfortably however i would like to clear my fines in order to initiate my licence restoration. heres the problem, i have an ordinary credit rating with a few default payments totalling around $2000. my current employment is secure but the credit rating factor has led me to a dead end. any advice would greatly appreciated. (brett couzens, geelong, australia - 03 October, 2006) Your best bet at this point may be to contact GE Money. They may be able to assist you depending on the defaults you have outstanding. (03 October, 2006) I'm needing to refinance home loan of $110.00...property value $180.00...I'm on a disability support pension, am 50 yrs of age and would love to stay in my home...Who will refinance a pensioner? thanks Stena (Stena Keys, Sisters beach, tasmania. australia - 03 October, 2006) There may be a couple of lenders that may be able to assist you. I shall forward you some details (03 October, 2006) im currently on a carers pension looking after my mum unfortunately she has a multiple scliroscis im in desperate need of a personal loan am i entitled to get one are there banks out there that will assist me (Sam - 03 October, 2006) There may be an answer for you. I will send you some details. (03 October, 2006) my partner currently has a bad credit rateing due to a mobile phone bill a few years ago but was able to get a car loan through esanda about 2 years ago. he still owes about 10 000. he has a full time job that he has had for 3 months now. i am currently receiving family tax benifit. we were hopeing to get a personal loan of about 5000 but didnt know the best place to go to apply for this. is there somewhere that would loan this to us with our current fortnightly income of about 1500? (fiona, kiama, australia - 09 October, 2006) You may find that your best best at the moment may be GE Money (09 October, 2006) Hi there I am a working single mother looking to break into the property market. I earn $1550 per fortnight with fulltime employment and $160 per fortnight from centrelink, I have a car loan which the repayments are $380 per month and a Debt 9 Agreement which I am 8 months in on $140 per fornight repayments. Am I dreaming???? Will I be able to borrow anything? I would like to purchase a unit for about $150000 in South West Sydney. (Melinda, Camden, Australia - 09 October, 2006) You would be required to pay out the Part 9 Agreement requirements before the loan could be settled. (09 October, 2006) I am currently under a part 9 agreement I have $18,000 left to pay I pay 520 per month back to that. I could have been a bankrupt but decided i should face up to my responsibiliies. Im not stupid as far as money goes just had some difficult situation thrown at me. I pay my rent on time have no other debt at all other than the 18,000. I have a secure job always with opportunities to increase my income. I want to purchase a property I am happy to pay whatever interest rate, happy to have maximum mortgage insurance and anything else that it takes to get the loan. I am eligable for new home owners grant. I want to purchase a property in the port adelaide area that is currently undergoing a major redevelopment plan properties in this area are gaining value by the day. I Can and will keep to the payments of the loan. I earn approx 49,500 per year. can I get a loan? (leah, prospect - 09 October, 2006) You would be required to pay out the Part 9 Agreement requirements before the loan could be settled. (09 October, 2006) Greetings, we would likt to purchase an investment property on the Central Coast NSW,around the 250k mark.We have just sold our house but didn't make a lot out of the sale after commissions,legals ,etc.We will be renting for at least a year.Is it possible to get a 106% loan to buy the property?We are on a good income total 96k/year. (Kevin Robertson, Gosford, Australia - 09 October, 2006) We have a couple of lenders that may be able to assist you depending on the type of property and the postcode it is located in. (09 October, 2006) My husband and I are both holding Temp work Visa 457. He earns 45k and I just secured a job earning 70k(gross income) a year. The question is, i need a car (10k, used car) for my new job soon(next week). My plan is to get a lease for the car or to get a loan which i understand is impossible as I just started work. Can you advise what's the best option for me?. Which bank would give me the best rate? We don't own a home and we only have one credit card owing $7000. I just need a car and your advice!! Thanks!!! (Carol, melbourne, aust - 09 October, 2006) Generally speaking most lenders will grant a small personal loan based on your employment contract. They may ask you have worked for 3months in some cases. The term may be shorter but you shouldn't have too much trouble. (09 October, 2006) hello i hope you are well my question is i am 29yr old single mother with four children i have good credit history and a credit card of only $500 no debts and $7000 savings not working at the present and was wondering if i would need part time or full time work to be accepted for a 95% home loan i would rather be home for my children as much as i can be than to use day care but as of march next year i can buy the government home that i live in also how long will i need to have been back in the work force for thankyou (karen, ballarat, australia - 09 October, 2006) To obtain a 95% loan you would have a better chance with perm. part-time or full-time employment having been in the same job for 3months. (09 October, 2006) I have been in Australia for 2 months on a 457 Temporary Residents Visa with my wife and daughter. My salary is substantial and my wife will start working next month. We have zero deposit but do not mind high repayments for the first two years while we raise additional money from the sale of shares. Are there any lenders who will give us a 100% mortgage? (Nick, Perth, Australia - 16 October, 2006) Currently we have been unable to find any lender that will provide 100% finance for Temporary Resident Visa holders. The maximum so far has been 80% where both applicants are Non-Residents. (16 October, 2006) Hello, My partner and I are desperately wanting to purchase our first home together. Our situation is he has 14 thousand dollar default against his name, it was paid within about a month of being listed. This came due to separation from his marriage and the credit card being in his name only, hard times etc. GE were great a gave us a personal loan to get this paid despite it being on his credit rating. We have been making all repayments on time. We have also been paying a car loan for nearly two years without missing a payment. We both work fulltime in secure jobs with a combined income of about 80k. Our loan repayments at the moment together come to $840 a month (we are paying a high interest). We haven't got a dposit for a homeloan. We are looking for any advice on how we can purchase a home the brickwall we have seem to hit is with my partners credit rating. I also have a couple of utility defaults up as paid combined at around $1200. We would like to get the interest dropped for our already combined loans. And so desperately wanting to purchase a home together. My partner has already had the first home buyers grant so we don't qualify for that. We know we can afford to buy we just need to find a lender that is willing to help us. Thankyou Kind Regards Jenny (Jenny, Frankston, Australia - 16 October, 2006) 100%-106% loans do require a clear credit history so you would find it extremely difficut at this point to obtain a home loan with no deposit. Since your repayments have been timely with GE have you tried approaching them to negotiate a lower rate? (16 October, 2006) I am separated but living in a property that i had decided to buy with my ex husband this year, my payout went into the loan and the loan total was 290,000 minus my 86,000 then my exhusband had a percentage of the loan to repay and I had my percentage now I think perfortnight the repayments on this loan in $680 on only centrelink payments totalling 679 a fortnight plus 552 a fortnight on maintenance would I be able to take over this loan if it was transferred into my name. I am not working at the moment due to having 3 very small children who need me and I am with them most weekdays & nights and half of a sat..Now my name isnt on the title but I know if we did this we save on stamp duty as well.. (Kerrie Hutcheon, victoria, australia - 16 October, 2006) Given your current situation you would find it extremely difficult to qualify for the loan amount required to take over the property. Possibly once the loan has been lowered to about $110,000 you would be in a better position. (16 October, 2006) Hello, What a wonderful service you provide. Our situation is this. My husband has a bad credit report due to missing a car loan repayment back in 2002. On his credit file in has been recorded as a clearout becasue he moved addresses at the time and forgot to let the creditor know. He paid of the entire loan in 2002, but the credit report states it takes 7 years for this to be removed. I have a clear credit report. My husband earns $100,000 gross per year and has been in his job for 3 years and I earn $46,000 per year and have been in my job for 3 months. We have saved $50,000 and would like to buy our first home in June next year. We are looking at houses around $380K. What are our chances of getting a home loan and who would give us such a loan with this clearout on my husbands file. Is there anyway we can change the clearout to only be recorded for 5 years rather than 7? Thanks for providing this service. Kate (Kate, Brunswick, Australia - 16 October, 2006) You should still be able to apply for a loan. The limits on the loan would depend on the amount of the default listed on the credit file. (16 October, 2006) my husband and I had landed ourselves in some serious debt. However we are now in a part nine and in just over 12 months have been paying RDA creditfiz aprrox $16000 to pay off our debts. We were told some lenders will give us the assistance to buy our first house, however we only have the first home owners grant as our deposit. Is there anyone out there than can help us. We have been advised by our financial consultant through RDA that since we have good professions permanent employment and on good money we have been given the OK to borrow, but who out there is available if anyone? (Sandra, wadeye, australia - 18 October, 2006) Sorry we don't know of any lender that will lend 100% for a Home Purchase given you are currently under a Part 9 Agreement (18 October, 2006) i am a single mother that works casual/fulltime. i also recieve family assistance from centrelink. i am wanting to get a loan for a new car which is $15 000. i am going to sell my current car or trade it in. i will only get $3000-$5000 tho. the only problem is i am under a part nine agreement. i have been told that i can still get a car/house loan! can anyone help. kind regards (jennifer, casino, australia - 18 October, 2006) Try Dream Loans - they specialise in bad credit car loans. http://www.dreamloans.com.au/bad-credit-car-loans.html (18 October, 2006) HI, I am a single mum of two kids under three. I am not currently working and only receive centrelink benefits as an income. I am however currently involved in full time study. I have a large number of debts totalling around 3000 and a pretty bad credit rating from my younger days. I am desperate for a personal loan and am not sure who to turn to as my past credit always presents a problem. I would like to either consolidate all debts or just obtain a personal loan of around 7-10000 dollars, but i would be happy for any amount at this stage. My current income amount is approx. $1150 a fortnight. Is there anyone who would give me a chance and help me? Thankyou (Sinead, Campbelltown, Australia - 18 October, 2006) Best to try Bad Credit Personal Loans - http://www.badcreditcardscentral.com/bad-credit-personal-loans.html (18 October, 2006) Hi Both my partner and I have previously had defaults but all have been cleared up early in the year. He is on good money $70k + and I'm a stay at home mum. We are renting at the moment looking to buy next year as we have a guarantor with a home. Earlier we applied for a car loan through a broker and with great determination he found us a lender for $30k. We have now decided against this. We own a car outright, have a small savings and we would like a credit card. Do you think we have a chance and if so who do you think we should approach? (Jo, WA - 30 October, 2006) Generally it would be difficult but we shall send your details to a branch and they will contact you. (30 October, 2006) Hello. I live in Perth, W.A and my fiance and I bboth are looking to get a loan for $10,000 to help pay for our wedding and get household furnishings like frigde, draws, dryer etc. My partner has bad credit and works casual full time earning $600 week after tax and I have started a cake business and earning roughly $600 week and $108 fortnightly from centrelink also with bad credit history. We have my partners grandad who will go garantour for a personal loan but are having troubles finding someone who will except a garantour. Do you know of anyone who will help. Thanks so kindly, kelly (kelly dodson, success, australia - 30 October, 2006) Sorry bad credit personal loans seem to be very difficult. However try Australian Debt Reduction. http://www.australian-debt-reduction.com.au/limited/b-credit.asp (30 October, 2006) Hi, i am a single mother on centrelink benifits of $1350p/f. I have a clearout listed on credit file of $1200 about 5yrs ago. All my belongings are in nt in storage which is $52p/w. Would any bank or company give me a loan of $5000 to pay out default and get my belongings brought to qld? Thanks Regards Kelli (Kelli, Brisbane, Australia - 30 October, 2006) Sorry don't know of anyone but try Australian Debt Reduction - http://www.australian-debt-reduction.com.au/limited/b-credit.asp (30 October, 2006) In 2001 - 2002 I was in a bad relationship and at the time had 5 credit cards and 2 personal loans under my name to support my ex. Mid 2002, there was a month where I could not meet my minimum repayments, and found on the internet a company advertising that they could consolidate my debts. The guy suggested that I enter into a Part 9 Debt Agreement but did not inform me that it would affect my credit rating! I have been saving pretty hard since and should have the debt cleared in Feb 07 (should be Sept 09). The issue is now my current boyfriend and I really want to buy our first home together sometime mid 2007 and I was wondering if I would be able to even get a home loan and how much of a deposit we should be aiming for? My boyfriend and I earned a combined income of $90,000.00 and he has a clean credit rating. I have no default listings on my credit rating - just that i have entered into a Part 9 Debt Agreement (which i worst, I suppose). Any advice would be much appreciated! Thank you (Thao, Cabramatta, Australia - 30 October, 2006) Depending on the strength of the application you would probably be looking at an 80% lend based on the purchase price. You would need to cover the 20% deposit and the costs associated with the purchase. Also most likely a condition of settlement would be that the Part 9 was paid in full. (30 October, 2006) Hi, My husband and I would like to purchase 5 acres of land at Coominya, QLD. The cost is $100 000. My husband earns $1000 pw after tax, and I am not working but receive family payment for our 4 children of 800 pf. We have just deposited $7000 into our savings account, but as a lump sum, not savings. My husband has one phone default of $456, paid approx 2 years ago. I have 2 store defaults ($1599 and $677) and one ph account default of $342.. all paid 3.5 years ago. We have no other degaults, judgements etc. Is there a chance we can get a loan to purchase the land? (Sharon, Mount Crosby, Australia - 30 October, 2006) Yes you should be able to purchase the land. However you may be limited to 90% of the value of the purchase. (30 October, 2006) I am a discharged bankrupt,I have no debts,I have 4 children.I work full time and earn approx $78,000 P/A.My wife works 8 hours per week and obtains Centrelink payments.($600 PFN) I have my discharged bankruptcy & 2 paid defaults on my file. 1 is a paid Telstra Bill of $300,I did not know that I owed until I received my credit file about 4 months ago.The other is a paid default of $1,100,which was a loan through Q-Loans for only $300 but I stuffed up the 4 repayments & it cost me a hell of alot in the end. I would like to purchase a car for around $30,000 secured by the car. After I have paid this for 6 to 12 months would it be possible to then obtain a credit card aswell. I can comfortably afford to pay the loan back at up to $400.00 PFN.I pay all my bills fortnightly so they are always paid on time. How would I go with the above? Stuffing up my credit file 4 years ago has really hurt. Thanks for any info. Brett (Brett, Sydney, Australia - 30 October, 2006) Try Aussie Car Loans - http://www.aussiecarloans.com.au/2ndchance.html (30 October, 2006) hi i was wondering my husband has 4 unpaid defaults on his credit file adding up to around $1700 we didnt know until afew days ago when we got a copy of our credit files and also i have paid defaults on mine which were paid in 2003 at present we have no loans at all and we only pay $954 in rent per/mth. husband earns $800 - $950 per week after tax and i get $1176 per f/night from c/link as we have 4 kids we are wanting to start a freash and get both our credit files looking better again and we would like to borrow around $25000 to go on a overseas trip and to be able to be given the opportunity to do this and show the banks or finance people that we can pay it off as now we are debt free but we have been rejected quite a bit lately and feel like we are never going to be able to get finance again we would like to buy our own home with in 2 years we have just sold ours and have nothing left from it so we need to start all over again can you give us a name or names of someone that would help us with finance also husband has been with company for 3years and 6 mths (geanith, melbourne, australia - 16 November, 2006) Sorry bad credit personal loans seem to be very difficult. However try Australian Debt Reduction. http://www.australian-debt-reduction.com.au/limited/b-credit.asp (16 November, 2006) I am a single mum of 1, looking to buy a home. I currently earn 40k per year and have a pln of 35k, payments being approx 800 pmth. My mother is happy to put up her home as equity, house is valued at 250k and owes 150k. I have a good credit rating. Would i be able to get a loan and how much do you think I could lend. Thank you for your time. (Tamara Grey, Cairns, Australia - 16 November, 2006) Given your current income & the personal loan with no credit cards the outside maximum you could borrow would be approximately $100,000. (16 November, 2006) hi im a 3 yr discharged bankrupt now and unfortunatley i am on the DSP pension is there anybody out there that will give me a break and give me a personal loan (Ron, Quairading, western Australia - 16 November, 2006) Sorry bad credit personal loans seem to be very difficult. However try Australian Debt Reduction. http://www.australian-debt-reduction.com.au/limited/b-credit.asp (16 November, 2006) do you no of any lenders that would help me consolidate my loans owing around 16,000. have a clear credit file only problem is i received centrelink payments only of 1200 afortnight. It would reduce my payents and make it easier for me. thank you (glenda, bacchus marsh, australia - 16 November, 2006) Sorry bad credit personal loans seem to be very difficult. However try Australian Debt Reduction. http://www.australian-debt-reduction.com.au/limited/b-credit.asp (16 November, 2006) hi, my partner and i have unpaid defaults totalling around $5000 we need to find somone who will help us consolidate our debt including the 5 grand as if this does not we're just going to get further snowed under. we have two children under 3 and we're really starting to struggle. any help would be much appreciated. even if we just got the money to pay our defaults then we could get a loan ourselves. (bec, katherine, aus - 16 November, 2006) Sorry bad credit personal loans seem to be very difficult. However try Australian Debt Reduction. http://www.australian-debt-reduction.com.au/limited/b-credit.asp (16 November, 2006) i am a single mother of 4 children and am in some serious debt. i have 3 credit cards which im having no trouble paying but the interest rate is stoppin me from getting anywhere with them.Id like to consolidate the debts into one low interest rate so that i can then save to try and buy a home. Im on centrelink payments of $1600 per fortnight and my rent is $100 a week. Ive tried to get a loan but ive had no luck its a total of $15000 and ive never missed a payment which is more than is required per month and i have no problems with my credit rating and a car valued at $6000 can you help me get this problem solved?? (leanne, reservoir, australia - 23 November, 2006) Try my-loans.com.au. They may be able to consolidate your personal debt. (23 November, 2006) I have recently moved town and have been working full-time as an apprentice boilermaker earning approx $600/week net. My girlfriend has been working for 1 month permanent part-time earning $300/week net whilst studying full time at University. We wish to consolidate our debt which includes: a personal loan for $15,000, and a credit card for $7,200. In January 2005 I was defaulted, the default was paid in full in October 2005. Is there any chance that we will be able to consolidate these debts?? (Mick - 23 November, 2006) Try my-loans.com.au. They may be able to consolidate your personal debt. (23 November, 2006) Hi I was wondering if know where i can get finacial help for lapband surgery. This is my last option or I will not be there to see my two girls grow up. Unfortunatley I am a single mum of two. I credit rating is down the tubes. Thanks (BETH, mckail, Australia - 23 November, 2006) Sorry I am unable to provide a solution for you (23 November, 2006) My husband wishes to transfer our home into my name only. Currently we are tenants in common,50/50 split.The home is worth around 350K, loan balance 220K. What costs are involved? Do we have to pay 100% of stamp duty again? Thank you for your advice. (Robyn, Canberra, Australia - 04 December, 2006) Generally a transfer between a married couple will avoid stamp duty. See ACT Revenue website: http://www.revenue.act.gov.au/circD12.html. However there will be costs associated with the transfer and of course changing the loan. To double check you can view the Loan variations can vary between $300-$600 depending on the lender. (04 December, 2006) hi, i am after help to get a homeloan. this is the first homeloan i would have and am wanting to loan 160 k for the home and add 20 k for the personal loan i currently have (secured car loan). the property i want to buy is valued at 185 k on the rates notice and 240 k by agents quotes ( i would be buying off a family friend thats why im getting it cheaper). i have been at my job for 10 months and earn between 500 per week to 680 per week depending on overtime. i was disharged from bankruptsy 13 years ago also. can you help me? cheers. (MARK, golden square, australia - 04 December, 2006) We my be able to help you out if you are able to give us some more details. (04 December, 2006) Hi, my husband and I are discharged bankrupts, him 3+ years and me nearly one year discharged. We are wanting to purchase a home, but do not have a large deposit. We are able to comfortably pay around $2000 per month, and have both obtained car loans recently, which total around $650 per month. We are trying to "fix" our credit rating! Can you point us in the right direction in regards to a lender? Cheers, Mel. (Mel, Ringwood, Australia - 04 December, 2006) If you are both wanting to apply on the loan you would each need to be 2 years discharge bankrupt to apply for as much as you need. (04 December, 2006) I curently have a part IX agreement which i am 18 months into paying off 200 p/f. This started off as $15000. I had a car loan with esanda during this time and have finished paying this off early (6 months early). I was hoping to get another car loan but esanda will not touch me with the part Ix. Any suggestions as to where i could possibly get this loan? And do i need a drivers licence to get it? All the defaults on my credit file are being taken care of with the part IX. I earn approx 45000 p/y. Thanks for all your help! (Wayne, Townsville, Australia - 18 December, 2006) We suggest you contact your local GE Money office for advise (18 December, 2006) I have an income of $63000. I am wanting to buy a unit in brisbane which I plan to rent out for a few years, eventually moving north and living in it. Cost of unit is $200,000 and I have saved $10,000 as a deposit. My credit rating was a mess - i had several defaults but they are all paid up now and I am wondering if it would be difficult for me to get finance. (David M, parramatta, australia - 18 December, 2006) Hi David, With clean credit it is possible to get a loan to support your purchase. We would need to see you credit history to better advise. If you wish us to assist further please send a copy of your credit file via email or fax to 1300 30 99 78 (Answered by: Cheers Dave 18 December, 2006) I'm a mother of 3, currently 2 as in custody process for youngest child and was denied legal-aid because there has already been a final hearing for this case but my ex started it all over again .I do not work and need to get a personal loan to cover lawyers costs & help set up home, i need to pay course fees as i wish to get a degree and be able to work, i receive sole parenting pension but as i do not work where would it be possible for me to get a loan? (Georgia, Launcestone, Australia - 08 January, 2007) It would be best to try your local bank branches in order to obtain a study or personal loan (08 January, 2007) Hi, I currently have 24,000 in credit card debts plus two unpaid defaults on my credit history from over 4 years ago. My husband wants to apply for a loan for a house. What are my options? Would it be better for me not to put my name on the loan application? Who can help me? I earn $3000 a month and can sacrifice up to $1500 for a loan in repayments. I dont want to keep paying off interest. Please help! (Aimee, Sydney, Australia - 08 January, 2007) It would depend on the type and size of the unpaid defaults but if you can it would be best to pay them off if you wish to purchase a home. If your husband can afford the loan just in his name it will make it easier for you. (08 January, 2007) Hello,i am a 21 year old,non-permanent austrailian resident that gets quite a bit of money from her parents annually,however,for personal reasons,i am looking for a flexible lender,that can lend me up to $500,000 AUD,can you please suggest one for me,and email me the details? Please,i'm sure there must be one out there! (vanessa, Perth/Bentley WA, AUSTRAILIA - 08 January, 2007) If your income can support the loan as a non-permanent resident you would be able to borrow funds for a purchase from most lenders up to about 80% of the value of the purchase. (08 January, 2007) Hi, our situation at this time is we have a mortgage of $144,000 the property is valued at $170,000. We have 3