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HashChing is Australia’s first online marketplace allowing consumers to access great home loan deals without having to shop around. Completely FREE to consumers, HashChing connects you directly to verified mortgage brokers who can further negotiate a better rate from the lenders and save you time, hassle and money.

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LEZLI

2 years ago

No. I have helped a person in same position like you. Please feel free to contact me via my Profile page. thank you

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Rebecca

2 years ago

Hi Dean, Great questions & congratulations on your intent to become an Aussie. Personally, if I was in your situation I would be applying for a pre-approval now so you at least have the comfort of knowing what you can comfortably afford & then you can start fine tuning your property search. In relation to the rate, this does seem on the high side, however, there could be contributing factors to this such as residency status, employment status, savings available, land to value ratio (this describes the amount of the purchase price that you need to borrow in a % format) & several others. Happy to chat offline further about this. Kind Regards Rebecca A Mitchell

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Karen

2 years ago

Hi Dean, thanks for your question. Depending on your available deposit funds you could certainly borrow now and the rate would be considerably less than what you have quoted in your question. If you wait until your permanent residency comes through you can borrow more by having a smaller deposit. Would be happy to talk in more detail if you would like to did use. Thanks Karen Emerson, Lending Options

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Allan

2 years ago

Dean, it is easier to leave till the residency comes through, though the preapproval would probably make you feel more confident. The 4.47% is higher than many products around but it could be right for your current situation. Give me a call if you would like more specific details?

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Michael

2 years ago

Hi Dean, That will depend on which state you are living in, whether you build, buy new or established and how much you expect you expect to spend. If you can supply those details we can give you some commentary around your best foot forward.

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Linda

2 years ago

Hi Dean, Thank you for your enquiry, you can always apply for a pre approval whilst you wait for your residency to come through. You may also qualify for the First Home Owners Grant together with stamp duty concessions. Regarding the rate this will be mainly quoted on your debt to value ratio. However I would need more information to give you a specific answer, if you are in WA please view my profile for my contact details. Regards Linda

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Odette

2 years ago

Hi Dean. If you live or work around Sydney North Shore or Northern Beaches you are most welcome to pop into our office for a chat. Once we know your full financial situation, we can look at your best options. Regards, Odette.

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Bez

2 years ago

Hi Dean, thanks for your enquiry. You can begin the process now and apply for a pre-approval which is generally valid for 6 months. When your visa comes through and you find a property you can then proceed to a formal finance application. You are correct in that there are better available rates than 4.47%. At HashChing we can help you find the best rates available. Feel free to connect with me through my profile page. Cheers, Bez

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Andrew

2 years ago

Hi Dean, Yes waiting until your PR comes through is recommended as depending on which state you live in, you may be be eligible for the First Home Owners Grant and stamp duty concessions. With regards to the quoted rate, this comes down to how much you are contributing. If you are contributing say 20% plus costs, then the rate would be lower under 4%. If you are only contributing 5% plus costs, the rate quoted is about average. If you are in WA, I would happy to discuss your requirements in more detail. Please view my profile for my contact details. Happy house hunting.

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Andrew

2 years ago

Hi Dean, Yes waiting until your PR comes through is recommended as depending on which state you live in, you may be be eligible for the First Home Owners Grant and stamp duty concessions. With regards to the quoted rate, this comes down to how much you are contributing. If you are contributing say 20% plus costs, then the rate would be lower under 4%. If you are only contributing 5% plus costs, the rate quoted is about average. If you are in WA, I would happy to discuss your requirements in more detail. Please view my profile for my contact details. Happy house hunting.

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Kenneth

2 years ago

Dean, Good afternoon. Your ability to get a home loan at this present time will be dependant on whether your Visa permits you to remain in Australia indefinitely. In regard to the rate that you have been quoted, that can be dependant on the size of the loan you have requested, the amount of the deposit you are contributing, and the purpose of the loan (Owner Occupied or Investment). If you are in the Sydney region and would like more information then please contact me through the platform. Best Regards Kenneth Olds Customers First Mortgages & Insurance

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Chris

2 years ago

Hi Dean, The rate definitely sounds high but I cannot comment as the outcome is determined by the detail to your situation. I would encourage you speaking with other brokers to get a few opinions. You don't necessarily have to wait until you get your PR to apply.

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