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  1. Shahin_Afarin

    refinance IP loan with overseas income?

    No they don't.
  2. Shahin_Afarin

    refinance IP loan with overseas income?

    Their rental reliance policy is like farting in an elevator - its just not needed
  3. Shahin_Afarin

    refinance IP loan with overseas income?

    Westpac has a policy whereby if more than 50% of your total income is made up of rent - then they deem you to be rent reliant. Over 80% is a no goer and 80% requires credit approval. Application would need to be rock solid for credit to approve. Thai income isn't going to cut it.
  4. Shahin_Afarin

    refinance IP loan with overseas income?

    1. CBA do 95% LVR versus Westpac 80% LVR 2. CBA ask for less documentation - i.e. payslips and salary credits versus Westpac which ask for employer letter, payslips and salary credits Westpac accepts a more variety of currencies including Thai but you will need to provide fully translated 2...
  5. Shahin_Afarin

    refinance IP loan with overseas income?

    A bit hard to calculate things when you have half of the info but here are some points: 1. Stick with CBA 2. Won't be able to use the thai income 3. You need to use the savings income and this will get it across the line. If its in a CBA account then this is excellent. CBA is excellent in...
  6. Shahin_Afarin

    refinance IP loan with overseas income?

    Whats the currency? Are you PAYG or self employed? Who is the current bank?
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