Mortgage Broker in Australia
If you are an Australian citizen who lives and works overseas and you are looking to purchase or refinance property in Australia, we are the mortgage broker with over sixteen years experience who specialises in virtual home loan applications. We help Aussies living offshore compare and find the best home loan deal and then assist you through the home loan application process. We have arranged home loans for Australian expats living all over the world click here to find out more about us .
The Australian economy is still strong with a welcome rise in employment and interest rates still at historic lows with fixed rates currently below 4 percent. The Sydney and Melbourne markets have had near record growth but are now levelling to something more sustainable. Brisbane is starting to pick up and can be expected to take off as investors look for higher rental yield and lower entry prices.
The AUD is holding at around 78USD cents so bad news for anyone who took out a foreign currency loan for their Australian loans ( something we have been strongly advising against).
Expats have generally been caught up in the prudential risk tightening over the past year. This generally means lower LVR and higher interest rates however we can arrange good competitive home loans for investment or home buyers for Australians expats at up to 90% LVR (loan to valuation ratio) with LMI (lenders mortgage insurance) available through only a few lenders, including full featured home loans eg: 100% offset accounts and some loans for investors with no interest rate loading.
So if you are an Australian expat and your miles from home, in today's world of Skype, email and fax we are 'virtually' next door. Whether you are a first home buyer or you want to refinance your investment property portfolio, if you are an Aussie expat we can assist you through the entire home loan application or property refinance process.
If you are returning to Australia or if you have already returned to Australia then you should speak to our domestic arm, that's right we also operate as a fully licenced and MFAA approved mortgage broker for Australian residents looking for a home loan..
If you are planning to return to Australia there are some very important lender's policy guidelines that you really need to take into consideration, we are happy to go over these in detail. However for example if your spouse isn't an Aussie citizen your borrowing capacity may be limited to 80% with many lenders. Did you know that there are two kinds of spousal visa and one isn't a permanent visa or did you know that a permanent visa may only be valid in policy terms when the visa holder actually resides in Australia. There are countless variations on policy including restrictions on high-rise, post codes, employment history, credit inquiries, zoning, CBD, land title etc. That's why you need a professional mortgage broker because we do nothing but home loans day in and day out and we can guide you through this complex process.
We arrange Australian home mortgage finance for Aussie expats living in the UK, Ireland, USA, Europe, Middle East, China, Canada, Korea, New Zealand, Japan and South East Asia. We can assist you with home loans for investment or owner occupied and despite the fact that you are living and working overseas we can get more than the normal 80% LVR loans at the same interest rates as you would get if you were living in Australia.