1. Australian 457 visa holder: Could I buy property?
Who can help an Australian 457 visa holder in getting right home loan? An
experienced mortgage broker can help non-residents find lender and get home loan
on easy interest rates.
Australian 457 visa holders looking for properties in Sydney, Melbourne, Perth and
other cities should first get Federal Investment Review Board’s approval. Board’s
permission is required for a temporary resident to become a home buyer. The
process takes one month to complete. It involves filing of application and furnishing
papers as required by the board.
After getting the approval from FIRB, temporary visa holders can look for suitable
home loan products to buy properties. Since there are many lenders like banks and
private financers, one can shop around to get the best deal. New home loan
products are offered from time to time that temporary visa holders can explore.
Non-residents face some difficulties in getting home loan due to strange reasons.
They are denied loan by many banks on one pretext or another. But not all banks
are alike as there are financers that offer quick home loan approval to temporary
residents. One can search friendly lenders or take help. Searching on your own
could be a tedious affair but there would be no hassle, if one takes help.
Who can help an Australian 457 visa holder in getting right home loan? An
experienced mortgage broker can help non-residents find lender and get home loan
on easy interest rates. Good thing is that one needs not to worry about paying
brokerage or any kind of service charge to the broker as he would get commission
from the lender. He would play mediator between you and your lender. He would
negotiate a deal that is favorable to you and also to the lender.
There are many brokers and you can locate an ideal broker on the web. The broker
would first understand your home loan requirement and then find right lender that
suits to your needs. He can find a lender in no time as brokers maintain business
relations with banks and financers. Simply put an average home buyer is no match
for the capability of a broker. Being an Australian 457 visa holder, you should
consider taking help of a broker otherwise, you would face many difficulties in
finding a lender.
Australian 457 visa holders are allowed to borrow home loans and buy properties.
You can find many temporary residents, who own homes in prime locations in
important cities. A broker can make things simple for you. He can find lender and
also negotiate the best deal in your favor.