Bond and applying for mortgage
May 27th 2006, 12:02 am
#1
Just Joined
Thread Starter
Joined: May 2006
Location: near a beach in WA...
Posts: 29
Bond and applying for mortgage
Hello guys 
we have invested $100,000 in WA Bonds as part of the visa point system. Does anyone have the foggiest idea
if we can count this bond as part of our deposit/capital when applying for a mortgage (our bond matures in November)? We are renting in WA currently and are looking to buy our first property. cheers 
we have invested $100,000 in WA Bonds as part of the visa point system. Does anyone have the foggiest idea
if we can count this bond as part of our deposit/capital when applying for a mortgage (our bond matures in November)? We are renting in WA currently and are looking to buy our first property. cheers
May 27th 2006, 12:38 am
#2
Breeding little aussies
Joined: Mar 2005
Location: Perth WA
Posts: 963
Re: Bond and applying for mortgage
Originally Posted by Beachbumz
Hello guys
we have invested $100,000 in WA Bonds as part of the visa point system. Does anyone have the foggiest idea if we can count this bond as part of our deposit/capital when applying for a mortgage (our bond matures in November)? We are renting in WA currently and are looking to buy our first property. cheers
we have invested $100,000 in WA Bonds as part of the visa point system. Does anyone have the foggiest idea
if we can count this bond as part of our deposit/capital when applying for a mortgage (our bond matures in November)? We are renting in WA currently and are looking to buy our first property. cheers Lynn
May 27th 2006, 2:05 am
#3
Forum Regular
Joined: May 2005
Location: Adelaide
Posts: 112
Re: Bond and applying for mortgage
Originally Posted by Beachbumz
Hello guys
we have invested $100,000 in WA Bonds as part of the visa point system. Does anyone have the foggiest idea if we can count this bond as part of our deposit/capital when applying for a mortgage (our bond matures in November)? We are renting in WA currently and are looking to buy our first property. cheers
we have invested $100,000 in WA Bonds as part of the visa point system. Does anyone have the foggiest idea
if we can count this bond as part of our deposit/capital when applying for a mortgage (our bond matures in November)? We are renting in WA currently and are looking to buy our first property. cheers Hi,
we also invested $100,000 in bonds for points reasons and thought it would act as security for mortgage. The banks said no as although it was in a government bond and it would be highly unlikely that we wouldnt get our money back, they work on the possibility that if there was some major catastrophe and the government needed the money you wouldnt have it.
we got the mortgage anyway on the strength of the deposit we had seperate and my job. When we got the bond money back we just paid off the mortgage we owed
Nick
May 27th 2006, 7:17 am
#4
Just Joined
Thread Starter
Joined: May 2006
Location: near a beach in WA...
Posts: 29
Re: Bond and applying for mortgage
Originally Posted by nickos12
Hi,
we also invested $100,000 in bonds for points reasons and thought it would act as security for mortgage. The banks said no as although it was in a government bond and it would be highly unlikely that we wouldnt get our money back, they work on the possibility that if there was some major catastrophe and the government needed the money you wouldnt have it.
we got the mortgage anyway on the strength of the deposit we had seperate and my job. When we got the bond money back we just paid off the mortgage we owed
Nick
we also invested $100,000 in bonds for points reasons and thought it would act as security for mortgage. The banks said no as although it was in a government bond and it would be highly unlikely that we wouldnt get our money back, they work on the possibility that if there was some major catastrophe and the government needed the money you wouldnt have it.
we got the mortgage anyway on the strength of the deposit we had seperate and my job. When we got the bond money back we just paid off the mortgage we owed
Nick
May 27th 2006, 1:15 pm
#5
Moved out bush!
Joined: Nov 2003
Location: Chittering WA
Posts: 1,093
Re: Bond and applying for mortgage
Originally Posted by Beachbumz
Thanks guys for the prompt replies! Have sent you a pm Lynn. The first bank we tried didn't honestly know so we'll try elsewhere and let you all know. Cheers
Jenny
