You probably just want to know whether you can get a loan and if so how much it will cost.
One of the critical measures for an expat is the LVR ( loan valuation ratio) – below 70% you have more lenders available. However there may still be some options available right up to 80% LVR but there may be other snags and with fewer lenders less options. Remember LVR is the loan amount divided by the purchase contract price or valuation ( which ever is lower).
Your mortgage broker will need a basic range of information as lenders vary in how they deal with different items eg: some lenders don’t accept bonuses, while others may not accept non-citizen spouses. No two lenders are the same in terms of their lending policy.
In order to get the ball rolling your broker can give you a preliminary assessment of your borrowing capacity and chance of success – this will cost you nothing.
We recommend that you quickly read the rest of this page in order to understand the range of information that we require so that you are prepared if we are contacting you by phone.
Firstly we need to know what are your plans eg: “buying investment 2 br unit in Melbourne Docklands for $560,000 at auction”. Please be as specific as you can as the type, location and price of the property can exclude some lenders.