Broker Recommendation (overseas income)

Discussion in 'Loans & Mortgage Brokers' started by CK_Invest, 7th Jun, 2022.

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  1. CK_Invest

    CK_Invest Well-Known Member

    Joined:
    4th Apr, 2016
    Posts:
    212
    Location:
    Sydney
    Hi

    Looking for a broker who has experience in lending based on the following circumstances:

    - couple borrowing in two names with overseas income to buy resi in personal name

    - both are currently guarantors for an Aus company loan for commercial property (not sure if this affects serviceability)

    Please PM if you have experience or recommendation

    Thanks!
     
    CK_Invest, 7th Jun, 2022
    #1
  2. Tony Xia

    Tony Xia Structured Loan Advisor Business Member

    Joined:
    23rd Aug, 2015
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    Location:
    Bella Vista
    PAYG or self employed ?

    What country you currently based in?
     
    Tony Xia, 7th Jun, 2022
    #2
  3. CK_Invest

    CK_Invest Well-Known Member

    Joined:
    4th Apr, 2016
    Posts:
    212
    Location:
    Sydney
    Salaried income
    Hong Kong
     
    CK_Invest, 7th Jun, 2022
    #3
  4. Tony Xia

    Tony Xia Structured Loan Advisor Business Member

    Joined:
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    Location:
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    Most lenders will accept it, some banks will apply shading on income more then others.
     
    Tony Xia, 7th Jun, 2022
    #4
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  5. Maadha

    Maadha Well-Known Member

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    Location:
    UK
    what if it was for joint expat citizens now resident in the UK (non-residence for tax purposes in aus.) 1 of them is self-employed, and 1 of them saleried.

    Any options for refinancing?
     
    Maadha, 25th Nov, 2022
    #5
  6. Shahin_Afarin

    Shahin_Afarin Residential and Commercial Broker Business Member

    Joined:
    18th Jun, 2015
    Posts:
    1,658
    Location:
    Sydney
    As long as you are Australian citizen or permanent residents you are ok.

    Self employed income will limit the lender options as there is only a few lenders that will do self employed plus expat lending.

    PAYG income is no issues for expat clients with several lenders.

    Is the point of refinancing ascertain a cheaper rate or equity release or both?
     
    Shahin_Afarin, 25th Nov, 2022
    #6
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