Found a lot of people asked the Australian real estate investment BloggerAustraliaOverseas StudiesLoans less loan problems, the Australian real estate investment bloggers on the specific loan process is still relatively understanding, now to introduce, add friends or don't understand place can leave a message. (write a lot, I follow the small Title way classification, we can find their questionable plate ~)

A, loan process, simple introduction:
    Now more than one bank have this business, including business mostly do Chinese bank and CITIC Bank, the specific operation of each bank or some difference, the Australian real estate investment blogger specific China bank less loan situation (China bank hereinafter referred to in line).
    To the bank before you can inquire by telephone to determine this business, of course, you can also personally went to consultation. After determining the this business can begin to deal with the.
      A, usually, study abroad students are students, there is no stable income does not have repayment ability, so the lender is choice of parents. With parents' identity and their admission notice and a series of material to the bank (the specific material is identification and proof of your school things, all banks are a little different, if you don't want to run a trip, or advice for the bank clerk). The most important is to take the money! The money is to do the mortgage, or deposit less loan. "".
     B, bring the material to the bank, put your "deposit" in the bank. Here we must note: your loans in the banks will put money in the bank! Don't think that is the bank does not matter, so the people bank is spelling performance,, if you do loans in a branch China bank, your mortgage will exist in the bank. If you think that with tens of thousands of pieces of cash unsafe, then you can do a bank card, that we usually use the kind of inter provincial everywhere to UnionPay money card, card transfer can, charges the highest single pen 50 yuan cap, not expensive.
     C, after the bank will give you a lot of materials for your signature, your parents will sign in soft ~ estimation
     D, the bank will give you the documents, issue the relevant to these, it shows you the loan successfully handled!

Two, the loan process questions, with detailed answers:

1 what is less loan?
    Less loan is literally: with less deposit loan more money.
   The loan must be to the bank mortgage, or bank loans it on to you what? Here is the "less mortgage". Now many fewer loans are generally "two - eight", that is to say you pledged 2 dollars, the bank can lend you 8 dollars, mortgage 20 - give you $80, 20000 - 80000 of mortgage, the mortgage of 40000 - 160000, that is simple - 4 times as much money as you mortgage money. You can according to their own needs much margin to decide how much money, how much loan mortgage.
   Note: some banks some additional provisions, for example, said that he will ask you the lowest mortgage payment is 10W, that is to say the least you will be 10W, so you can lend to the 40W, if you can't use 40W so much, then you can save 10W, 20W or 30W, anyway, as long as no more than 40W line.

What are 2 less loan interest?. } "q$L'X$|3 x: o \ * ` A
    Interest on the loan and interest rates are linked, the loan period longer you have to pay the bank interest more and more, this is a truth with our deposit interest. 1 year time deposit interest is no two regular high interest. The percentage of specific interest I can't be sure, countries have recently adjusted several times the interest rate, want to know the exact rate, or asked the bank!
   Interest is by day count, a loan is just a few days a few days to pay interest, don't think like us to pay the bill the same monthly count. Mobile phone for 40 days, then you have to pay 2 months rent, loan for 40 days, then you have to pay interest for 40 days.

3 in addition to what the cost of interest?
    Bank in to your issue related certificates and some may charge a fee to you, some banks are free. The contract to the words of a document to collect two hundred or three hundred of the costs, these are not a lot of money. The largest is the interest, in addition to interest, there is a penalty for breach of contract --. You and the bank loan is a contract, if you read 2 years, loans loan period of 1 years is certainly not,VisaOfficer will think: this first year student has bank loans for his survival, then second years how to do? So you and the bank's contract is long, generally two to three years, to cover your learning Shi Changcai. But if it really is that two or three years later also loans, estimating the optical interest money can we flounder went bankrupt. Generally choose in advance owing on the loan after the signing, popular to say that you and the bank agreed to loan two years, but your two or three months not a loan, requirements owing on the loan, then that is your default, you'll have to pay for bank losses, it is breach of contract. Now most less loan default payment is a month of interest. That is to say if you loans in May 1st May 20th, loans, so you have to pay the bank interest for 20 days money plus 1 months interest money (the 1 months interest money is the default)
   Note: a specific number of banks liquidated damages, some differences, some will be 3 months of interest, but are generally as long as 1 months of interest, recommend the loan before the goods more than three.

4. loan out the money go?
   And get this, overseas study loan and unlike other loans, there is no money to give you, you won't get cash, see only have so much money to your account, but you can't get it out. It is also because you can't spend money in the bank, so the bank was relieved to give you less loan multiple, sounds like bank risk, no risk in banks. Account so much money is to Huyou foreigners, they see you on account of your life learning enough money, can rest assured, they don't know you like them: only looked at the money but not flowers, when you owing on the loan, the interest rate and default Jin Geiyin line, the bank will give you on account of lending money, is also less loan "more" pull back.

5 what is frozen, freeze?
   Your "little" is to be frozen, because this is your mortgage, not owing on the loan when it is impossible to let you free out, to mortgages in the bank, you owing on the loan, naturally thawed, then think how to spend the bank will matter to you.
   Your "multiple" also frozen. The above said, "many" even if not you also are not taken, but ah, like the is to do enough to see the ghost. Your "more" is generally frozen three months have frozen more, to the ghosts at mean while you loan "much", but the money is not used in these three months, until three months later can be used. Three months later, general is your school and, to do so is to keep you in before the start of the loan money to spend, they see the ghost money frozen at your school is wasted away, they can rest assured.

6. bank will issue a proof of what material?
   The bank to issue there are four materials: loan contracts, loan certificate (also known as credit certificate), certificate of deposit, loan deposit.
   The certificate of deposit and loan that is automatically issued in English, not because English problem plus the money. The loan contract can spend money to the bank, also can let intermediary translation, part of the intermediary is to provide translation services.
   The four specific functional materials:
   The loan contract -- I do not have introduced it, is a you and the bank signed a loan contract with you.
   To prove the loan -- father / the specific content of this certificate is to state bank on your mother's economic background investigation determined that they have to go abroad to study the conditions of the loan, so the banks it is XX for the XXXXXX yuan of loans, loan period is X years. A simple review and proof is on your loan situation.
   Certificate of deposit -- this is to prove that you have "" has been frozen. But the general certificate will not be straightforward to write the XX was my line of frozen XXXXX yuan, the freezing period of three months. This too straightforward. The bank will usually say "this is to certify that, three by the end of July 20, 2009 in our bank deposit XXXXX yuan," the message is that, in July 20th Zhang San must have XXXXX yuan deposit, that is to say, XXXXX yuan Zhang San is frozen.
   The loan deposit -- to bring you the "more" is to deposit in your account, this is the loan certificate.

7 when is it the termination of the loan?
   The electric sign a year will counter check, 100% insurance is anti investigation later also, that is to say you want to loan a year! The interest is very terrible, so almost everyone is the choice of repayment. Among these, there are some who are signed immediately owing on the loan, there is a part of their parents to go to Australia owing on the loan. Owing on the loan put the time deposit certificate can be, generally do not need the loan contract and loan certificate, that also please note, the best advice for banks, ask for repayment required formalities, lest you run.

8 less loan risk is big?
     This is considered the most worried about, but I am very concerned problem. In fact, on this issue, no conclusion. Always say less loan risk is big, but there are many people with less credit and more successful signing. A while ago, also said that because Fujian again what affair, the embassy to increase efforts to investigate less loan conditions, aTimeJittery, but also is so, the sign is a ~ so about this problem, I can not say, banks don't determine, RP estimation is linked with the visa officer's mood and signed delivery people to analysis

Three, other matters needing attention
1. although loans mainly bank people in the busy, we only need to provide materials and money, but also hope that we can in the loan, and owing on the loan before the details for the lending bank to ask clear, to avoid unnecessary trouble.
2. a bank should be very formal with a special loan department or office floors, in the vicinity there will be costs associated with price list, you may wish to go to have a look, avoid bank people collect more fill one's own pocket money.
3 I said all of the above is the electric sign, general sign, not what too many differences between the processes, the biggest difference is that a loan of intent:
   Universal sign beginning is not need formal lending signed delivery time, as long as the formalities to bank loans, and then let the bank to give you a loan of intent (generally called the letter of approval from the loan), use this material to tell the visa officer that you have access to bank loans the license can be. This time is not your interest, such as PVA down when you fill material, then go to the bank to require banks to formal lending, then the bank will give you a loan contract and other formal loan materials, interest is the day count. In this way, the loan approval letter can save a lot of interest on the money. (Note: the individual banks is not issued by the letter of approval from the loan, please make a universal sign friends must confirm that, in the process before the otherwise would lose a lot of interest money). Loan approval letter some banks charge fees, but not expensive, should be in 50 yuan.
4. I have said is China bank Jiangsu branch of the loans, banks (including different branch, branch of the same bank) specific operations will be some small differences, but the process will not have much access. So my advice is: look at this post I, summarizes the problems that may arise, you will have the bank loans were targeted in the consultation, to minimize the complexity of the process also reduces the unnecessary loss of funds.

Australian real estate investment BloggerI can think of the problem so much, if you have what supplementary words welcome to inform, I will update the information.
If you are not clear, can answer questions, must answer I know; don't know I can't have you, I will tell you that I don't know that you find another expert, ha ha ~

Below is the Australian real estate investment loan note:

You can find a on the Australian housing and mortgage market detailed understanding, especially loan market. Housing loans in Australia as many as 2000 kinds of products, banks and financial institutions are provided, whether you are a first buy a house or to loans, whether you are Australian immigration or China buyers, whether you are home or investment, whether this or that... We hope that you find you need loans in this web site information, our loan manager will help to you in your country and area, of course is to use your language to the service.

Whether you are a first time home buyers, upgrade or layoffs, to your home, to buy investment property or seek refinancing, mortgage brokers will be your home loan and lender of choice, to help you choose your home loan, and get the paperwork, trouble you to a minimum. To work out how much you can borrow, or, you will soon be able to repay your loan? Our housing loan calculator can immediately give you the answer.

A,The loan process:
      Selected house -- with loans institutions -- Application -- Evaluation -- exchange contract agreement -- settlement.

Two,When entering the loan program:
      In Australia, when about the house, usually pay 0.5% deposit, then two weeks after the deposit up to 10% , you have a period of time to complete his loan program, and then pay for.
       It is worth noting: such as your credit conditions could not lend you want to limit, because of other reasons your loan can not be completed on time and so on, the house owner has the right not to refund your deposit, and sold to the housing others.
       Loan to time normally required for six weeks, including the assessment of the time required to review the contract and the time required for the. We strongly recommend you to buy a house if the occasion of first contact lenders, let them according to the credit of your help you make a "pre", tells you how much money can be lent, how long can lend, this can help you avoid risk described above. But most lending institutions have their own cooperative real estate intermediary, from them you may have the same piece of Australian property get more favorable price. But in the domestic general agency you to purchase property will help you full service the loan service.

Three, the loan required materials:   
       Lending institutions, financial products, required materials differ in thousands of ways, but actually very simple also, lenders require you to provide material is nothing more than to understand your financial situation to ensure that their legitimate rights and interests, whatever they ask what material, is mainly four aspects of your information, that is, assets:: 1 the original property, money, cars, such as property; 2, debt: other loans, and other liabilities, income; 3: salary, other income (if your housing is used for investment, so this part of income can be included); 4, spending: this part is generally not written request, because the financial calculator will automatically deduct the expenses, so you do not need to provide proof of spending material.
        In addition, you also need to provide proof of identity, also known as 100 points ID. The so-called 100 points ID means lending institutions according to the degree of authority to issue certificates of organizations, gives documents issued by a fraction, after adding document scores you provide must be greater than 100 points, such as, passport, driver's license, 75, 45, 75+45=120 > 100, so you with these two documents in general no problem.

Problem four, unexpected:
       Chinese immigrants often have to face a problem, also because of tax avoidance and other reasons, the income that income is very low, if you follow this income to apply for loans, can apply to the line often small, unable to meet the demand, but you can turn to loan intermediary, they should be able to find ways to deal with according to your the situation.
       Some newly graduated students, or new immigrants, or freedom of occupation, they provide effective proof of income is difficult, at this time can be considered under the lodoc loan and other special products, this behavior of the products is that they do not require traditional proof of income (such as employer 's statement ), through other way to prove you have repayment ability, so you can still loans. But so that you may have to pay higher interest rates and smaller loan limit stand.

Five,The difference between banks and non bank financial organization:
       In Chinese, housing loans are generally released by bank. The Australian financial markets are quite different, in addition to banks, Australia and many other financial organizations, namely non-bank lender, with lending authority. These institutions funding sources are not banks, nor the savings, but through the fund, trust and other means to raise funds, such as pensions.
        Chinese customers are often more hope that the choice of bank, and Indigenous Australians have a considerable portion of a very emotional conflict on the bank.
        The lender may, more attention should be paid to the product rather than institutions. The key lies in which financial products more suitable for their own needs, rather than more famous. But compared to the famous index, measure of a financial organization is stable or not standard, the best approach is to look at the financial organization credit ratings are reliable, there are many non bank financial organization credit rating not less than that.
        In fact, a joke said, you don't forget, you are borrowing money, speak out ten thousand steps, even if those institutions that lend money down, will have any effect on you? Do , your title deed in the hands of the people, but the Australian law is the protection of private property, namely the creditor changed, is not likely to overturn the original creditor and your contract to sell your house to pay off the debt.

Six, how much loan:
        Many of my friends do not know how much money they can lend to, this formula is very complex. But you can use a very simple method of crude count your loan amount is not less than five times: all of your annual income.

Seven,The upfront cost of loans:
       Mainly including attorney's fees, assessment fees, application fees, solicitor fee. General banking is the practice of lawyers, assessment, for the three charges packing after a application fee. Some financial institutions will be exempt from application fee , but the lawyer and the assessment fee is received, even if there is not much difference. Solicitor fee refers to when you review the contract and loan contract, you will give your solicitor audit need to pay the cost.

Eight,Loan interest rates:
       Housing loans each product can generally be divided into variable rate (variable rate) and a fixed interest rate (fixed rate). Fixed rate generally higher than variable rate. Such as variable rate is 4.99%, then the fixed rate it may is 5.01%, this is very normal, you choose a fixed rate of interest is equal to their future interest rate bought insurance, lenders may have to charge you a little money as their own the free flow of capital loss in return. Generally speaking, if you are worried about future interest rates will rise, you are more likely to choose a fixed rate of interest, but in fact you did not enter a insurance. A fixed rate you need to pay attention to two points, one is the fixed interest rate is not in your loan period has been so fixed down, general now given fixed interest only lasts 5 years, that is to say, you can only be in one year to five years fixed your rate, after the end of the period, you need to go according to the interest rate and loan you negotiate a new interest rate.
         The second is actually a fixed rate of interest is not necessarily "fixed", before settlement , fixed interest you can change, this change is decided by your lender, they tend to be adjusted according to the fixed rate their own financial constantly updated information, if you apply for a fixed interest rate loans, and hope I can on settlement also enjoy the fixed rate his eyes, you often need to pay a "lock". So it's not recommended customers make fixed rate loans, the interest rate tends to be higher because the first point, then all the financial variable rates would follow the Fed (reserve bank), the Federal Reserve Bank interest rates on behalf of the government for financial market influence. So, another interesting phenomenon occurs, some clients will say, why the fixed interest rate is always changing, and variable rate is always the same? The answer is actually very simple, because the variable rate follow the Fed, and too frequent changes is not conducive to the national economy and consumer confidence, and Federal Reserve interest rates is always after many consider the detailed argument, and the fixed interest rate changes, it can be attributed to the financial market vary from minute to minute, financial institutions in order to protect their own interests to make the corresponding adjustment, is also reasonable.

Nine, pay attention to trap 
        You may see some banks or other financial organizations in advertising is a very low rate, but you don't ignore the general interest, there will be marked as "honeymoon rate" or "introductory rate", what meaning is this? This rate is very favorable, but the problem is that the most general interest only for a year, a year later, your loan will be automatically jump to a high point of interest, if you want to go to the financial organizations and other relatively low interest financial products, can, but you have to pay for it, if you want to go to the other financial organizations, can also, but you have to pay a a very high. if you ignore it, the housing loan can often is 20-30 years, imperceptibly, you can spend a lot of wrong. Can not say that this is a trap, but you before signing the contract, the terms of the contract to better review, and to give yourself a account.

Ten, unexpected gains 
     If this is your first set of properties in Australia First home buyer , and the purpose of purchase for self occupation, and you have the Australian identity, so congratulations you, in accordance with the Australian regulations, you can get a discount, according to state regulations, you get preferential including stamp duty (stamp duty) and other discount. Considerable amount of money.
Loan transfer
     If your current mortgage interest rate is not low, then you can consider loans, is also from the new from other loans of financial institutions to pay off your original loan, thus enjoy a lower interest rate. Only this one year can save thousands or even thousands of charge.