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Home Loans - data gathering

Posted: Tue Jul 06, 2021 8:57 am
by JapaneseMike
Why am I asking this:
Looking to buy a house, but I don't have PR. I have heard some places are more or less accommodating than others. (Including that Mizuho will apparently do home loans to non-PR holders, but they will cap the loan term at 15 years!

Now with the new poll functionality, I wanted to check on a number of anecdotal stories about home loans and PR.

Re: Home Loans - data gathering

Posted: Wed Jul 07, 2021 6:06 am
by beanhead
I got a loan without PR from one of the megabanks. Key was that I had applied for PR, so they felt that gave me enough credibility!
One branch of the bank rejected me, another branch a few miles away accepted me...bank managers have targets as well, and may make decisions depending on their monthly/ quarterly numbers.
So, be flexible, be prepared for a knock-back or two.