Best Home Loans Australia
best home loans australia
Home Loan in Australia?
Hi I am an International Student in Australia and i was thinking of getting a home loan so that i can pay mortgage instead of rent and have a investment growing up. Is it possible that i can get it ? I dnt have residency or citizenship. What best can i do. Please suggest.
As a non resident of Australia, you are able to borrow to buy a residential property, however strict policy applies. You will not be eligible for the first home owners grant or stamp duty exceptions. You will also need to be working or have income to pay the home loan payments. Also the lender will not give you the whole amount needed to buy the home. You will need to have a deposit to put towards the purchase. Talk to your bank for more accurate information for your own personal situation.