Broker Recommendation - Overseas Income

Discussion in 'Property Experts' started by costanza, 8th Jan, 2021.

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  1. costanza

    costanza Well-Known Member

    Joined:
    10th Sep, 2016
    Posts:
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    Location:
    Sydney
    Hi everyone.

    Looking to purchase a PPOR in Sydney. Does anyone have any broker recommendations that are familiar with loan applications for those with overseas income only?

    Thanks!
     
    Last edited by a moderator: 13th May, 2021
    costanza, 8th Jan, 2021
    #1
  2. Shahin_Afarin

    Shahin_Afarin Residential and Commercial Broker Business Member

    Joined:
    18th Jun, 2015
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    1,658
    Location:
    Sydney
    Qudos (Qantas credit union) is superior in this space as a) they take 100% of the converted income, b) their rates are excellent and c) and most importantly their overall policy is fantastic.

    The next tier of lenders include ANZ, CBA, Betterchoice but they all take 80% of the converted income.

    All lenders will do max 80% LVR and some other like Westpac, etc do 70%.
     
    Shahin_Afarin, 8th Jan, 2021
    #2
    Joeisagun likes this.
  3. Phill74

    Phill74 Well-Known Member

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    5th Jun, 2017
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    Location:
    Australia
    After going through 40+ brokers who couldn't get loans as my income was offshore and in USD, I used Catherine on +61 410 513 014 or at [email protected]. This was about 3 years ago when credit was tight but got a way better deal than what I was previously on.
     
    Phill74, 10th Jan, 2021
    #3
  4. Phill74

    Phill74 Well-Known Member

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    Australia
    Going to look into this one when fixed loans come up for refinance next month.
     
    Phill74, 10th Jan, 2021
    #4
  5. Rolf Latham

    Rolf Latham Inciteful (sic) Staff Member Business Plus Member

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    Offshore and USD income isnt the issue I expect........CBA will even offer > 80 % LVR.........


    ta
    rolf
     
    Rolf Latham, 10th Jan, 2021
    #5
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  6. Tony Xia

    Tony Xia Structured Loan Advisor Business Member

    Joined:
    23rd Aug, 2015
    Posts:
    1,577
    Location:
    Bella Vista
    Like Rolf noted, USD isn't the issue.

    Are you and expat or Aust Resident ? If yes then shouldn't be a problem
     
    Tony Xia, 6th Feb, 2021
    #6
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