Finance for TR visa?

[tvadera]

hi All,

I have a couple at my workplace looking for finance.

They have TR visa (temporary resident visa) and PR (Permanent resident visa) is expected in 6 months.

Can they get finance from the banks or credit unions? If yes is it common to get loan from Big 4 banks?

 

[Shahin_Afarin]

Yes - do you know what their Visa type is?

Regards

Shahin

 

[Aaron_C]

Yes it is definitely possible.

 

[Rolf Latham]

Sounds like they would be on a 457

Generally yes

ta
rolf

 

[tvadera]

Yes, does it mean getting FIRB approval?

 

[Rolf Latham]

457 doesnt need FIRB im sure.

90 to 95 % is poss

managed to get a 90 % no lmi for a medico and allied 457 visa recently so it would seem lenders can be convinced.

I expect part of the"secret" is to use lenders that have their own sign off on LMI deals

ta
rolf

 

[Shahin_Afarin]

It depends on the VISA but generally no need for FIRB Approval.

If they are looking for a 90% LVR then they can do it now - if they are looking for a 95% LVR then I would suggest they wait the 6 months.

Regards

Shahin