Podcast
Questions and Answers
Which bank requires the broker to complete Power Of Attorney's VOI as well?
Which bank requires the broker to complete Power Of Attorney's VOI as well?
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Which bank does 40% discounting on foreign income in servicing?
Which bank does 40% discounting on foreign income in servicing?
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Which bank allows cash-out without requiring any documentation up to 80% and $500k?
Which bank allows cash-out without requiring any documentation up to 80% and $500k?
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Which bank can consider personal/corporate trustee entity?
Which bank can consider personal/corporate trustee entity?
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Which bank can do 90% LVR with LMI for Australian expats?
Which bank can do 90% LVR with LMI for Australian expats?
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Which bank allows cash-out only for new property purchase?
Which bank allows cash-out only for new property purchase?
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Which bank offers free translation of documents for loan applications?
Which bank offers free translation of documents for loan applications?
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Which bank requires clients to do VOI during loan document signing to open up transaction account?
Which bank requires clients to do VOI during loan document signing to open up transaction account?
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Which bank does a 30% discount on UAE income/silver currency?
Which bank does a 30% discount on UAE income/silver currency?
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Which bank requires a video call selfie (no ID) if the broker has not met the applicant?
Which bank requires a video call selfie (no ID) if the broker has not met the applicant?
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Which bank can consider Trusts under personal trustees, but not corporate trustees?
Which bank can consider Trusts under personal trustees, but not corporate trustees?
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Which bank allows the latest year's bonus income for servicing for expats?
Which bank allows the latest year's bonus income for servicing for expats?
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Which bank allows the splitting of rental expenses if there is a spousal/de-facto relationship and both names are on the lease agreement? Common Debt Reducer
Which bank allows the splitting of rental expenses if there is a spousal/de-facto relationship and both names are on the lease agreement? Common Debt Reducer
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Which bank can consider RSU income?
Which bank can consider RSU income?
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What document is mandatory required for a St.George loan application from a PAYG employed individual?
What document is mandatory required for a St.George loan application from a PAYG employed individual?
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What type of income can be considered acceptable for a St.George loan application?
What type of income can be considered acceptable for a St.George loan application?
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What type of evidence is required to prove the cash-out purpose? With MA Money Prime (Expat)?
What type of evidence is required to prove the cash-out purpose? With MA Money Prime (Expat)?
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What mandatory document is required for a self-employed client to obtain a pre-approval loan with MA Money?
What mandatory document is required for a self-employed client to obtain a pre-approval loan with MA Money?
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True or false: ANZ offers free translation of documents for loan applications?
True or false: ANZ offers free translation of documents for loan applications?
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True or false: Macquarie only requires the latest year's bonus income for servicing?
True or false: Macquarie only requires the latest year's bonus income for servicing?
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True or false: Bankwest can split rental expenses if there is a spousal/de-facto relationship and both names are on the lease agreement?
True or false: Bankwest can split rental expenses if there is a spousal/de-facto relationship and both names are on the lease agreement?
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True or false: If the loan documents are issued via Docusign in NSW/VIC, the client does NOT need to physically print and sign the mortgage documents?
True or false: If the loan documents are issued via Docusign in NSW/VIC, the client does NOT need to physically print and sign the mortgage documents?
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True or false: CBA requires the completion of a CCID form, but it does not need to be physically sent to Australia?
True or false: CBA requires the completion of a CCID form, but it does not need to be physically sent to Australia?
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True or false: Macquarie requires the completion of a Power of Attorney (POA) prior to application submission?
True or false: Macquarie requires the completion of a Power of Attorney (POA) prior to application submission?
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A ANZ loan application from a PAYG employee individual requires an employment letter, not a contract.
A ANZ loan application from a PAYG employee individual requires an employment letter, not a contract.
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MA Money Prime (Expat) requires only 2 payslips OR 3 bank statements for a PAYG application.
MA Money Prime (Expat) requires only 2 payslips OR 3 bank statements for a PAYG application.
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Which country has the highest income tax rate?
Which country has the highest income tax rate?
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How does increasing the loan term (years) affect Interest Only monthly repayments?
How does increasing the loan term (years) affect Interest Only monthly repayments?
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What is the total stamp duty payable for a property purchased jointly by an Australian citizen and a foreign national, with a purchase price of $1,000,000 and standard stamp duty of 5%, and 8% foreign buyers duty surcharge.
What is the total stamp duty payable for a property purchased jointly by an Australian citizen and a foreign national, with a purchase price of $1,000,000 and standard stamp duty of 5%, and 8% foreign buyers duty surcharge.
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Property A is worth $1.5 million, with a loan of 500,000. Property B is worth $450,000 with a loan of $400,000. If the applicant wants to cross-collateralize both properties together and cash-out up to 60% Loan-to-Value Ratio (LVR), what is the cash-out amount available?
Property A is worth $1.5 million, with a loan of 500,000. Property B is worth $450,000 with a loan of $400,000. If the applicant wants to cross-collateralize both properties together and cash-out up to 60% Loan-to-Value Ratio (LVR), what is the cash-out amount available?
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From 1st April 202Z3 to 30th November 2023, the applicant earned $88,000 salary. What is the annualised salary of this applicant?
From 1st April 202Z3 to 30th November 2023, the applicant earned $88,000 salary. What is the annualised salary of this applicant?
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What's the maximum mandatory employee MPF deduction (HKD) amount per month in Hong Kong?
What's the maximum mandatory employee MPF deduction (HKD) amount per month in Hong Kong?
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Applicant’s mortgage loan balance is $1,500,000. He has $350,000 in his offset account. If the bank’s interest rate is 6%, what is the MONTHLY interest charged assuming the client is on an interest-only loan?
Applicant’s mortgage loan balance is $1,500,000. He has $350,000 in his offset account. If the bank’s interest rate is 6%, what is the MONTHLY interest charged assuming the client is on an interest-only loan?
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A person is working in the US. He earns gross basic salary USD 150,000. FX rate is 1 USD = 1.40 AUD. Bankwest Bank discounts foreign income by 20%. Bankwest’s policy is to tax income at Australian income tax rates (calculated automatically) despite applicant being a US tax resident. What figure do you input into Bankwest’s servicing calculator under Gross Annual Salary (pre-tax)?
A person is working in the US. He earns gross basic salary USD 150,000. FX rate is 1 USD = 1.40 AUD. Bankwest Bank discounts foreign income by 20%. Bankwest’s policy is to tax income at Australian income tax rates (calculated automatically) despite applicant being a US tax resident. What figure do you input into Bankwest’s servicing calculator under Gross Annual Salary (pre-tax)?
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