any ideas

[case]

From: Case Holland


we just arrived in australia as permanent residents don't have a permanent job yet,is there any change to buy a $200.000 ip with a 120.000 cash

 

[WebBoard]

Reply: 1
From: Dan D


hmmmm...who will provide the outstanding $80K
for your property? Whoever it is, they'll probably want to be pretty sure that you can repay it. A job usually helps to convince that lender.

Dan.

 

[Rolf Latham]

Reply: 2
From: Rolf Latham


Hiys

Yes I suggest there will be a good case with that size deposit

Go and see a goo indepenendent mortgage broker, they will be able to find you a product for non residents that will fit your needs.

Ta

Rolf

 

[WebBoard]

Reply: 3
From: Colin Mills


As a mortgage broker I have come across similar cases such as yourselves. A lot depends on the CURRENT status of your visa as to whether you can obtain a loan today. A colleague and friend of mine specializes in arranging loans for new arrivals (he was once one himself so he knows all the procedures and any likely difficulties you may face). This is a highly complex area. Perhaps you could click on my address above and we could discuss the matter further?
regards,
Colin