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>> AUSSIE MORTGAGE for Permanent Residents?

>> AUSSIE MORTGAGE for Permanent Residents?

Old Jan 21st 2013, 11:54 am
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Smile >> AUSSIE MORTGAGE for Permanent Residents?

G'day everyone!

Just wondered if anyone here can help with a few questions I have regarding First Home Buyer loan in Oz?

1. Will Aussie banks consider mortgage applications from new permanent migrants? If not, how soon can one apply?

2. Will my existing UK credit history be taking into consideration when deciding rates?

3. If not, how can one quickly build up a good Aussie credit score? Using credit cards? Getting a contract mobile phone?

4. Is there a good website where one can compare mortgage options and loan rates?

5. Is there a better way than taking out a big mortgage? Rent to own? Let to buy? Else?

Thanks a lot for your advice guys! All inputs are appreciated!

Last edited by Mister176; Jan 21st 2013 at 12:06 pm.
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Old Jan 22nd 2013, 2:31 am
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Default Re: >> AUSSIE MORTGAGE for Permanent Residents?

Originally Posted by Mister176
G'day everyone!

Just wondered if anyone here can help with a few questions I have regarding First Home Buyer loan in Oz?

1. Will Aussie banks consider mortgage applications from new permanent migrants? If not, how soon can one apply? Yes, but you will likely need to provide evidence of income and/or savings. Check with individual lenders as to what they require

2. Will my existing UK credit history be taking into consideration when deciding rates? No

3. If not, how can one quickly build up a good Aussie credit score? Using credit cards? Getting a contract mobile phone? Think using credit actually counts against you here, so the less you have the better, but I may be wrong.

4. Is there a good website where one can compare mortgage options and loan rates? Think google may be your friend. Just compare them all

5. Is there a better way than taking out a big mortgage? Rent to own? Let to buy? Else? No idea

Thanks a lot for your advice guys! All inputs are appreciated!
HTH
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Old Jan 22nd 2013, 2:47 am
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Default Re: >> AUSSIE MORTGAGE for Permanent Residents?

Suggest you read this first, google the report and read it, might help you?

http://www.theage.com.au/business/pr...121-2d2gk.html
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