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Mortgage Broker in Hurstville

Hurstville is a major centre with high-rise apartments and buyers from many backgrounds. If your income, deposit or residency involves another country, lender choice matters a great deal.

LNB Finance is a mortgage broker serving Hurstville, Hurstville Grove, Penshurst and Beverly Hills. We compare more than 60 lenders, including those that assess overseas income, gifted deposits and temporary visa holders, and in the usual case there is no fee to you.

Hurstville is the administrative centre of the Georges River Council area and a major stop on the T4 Illawarra line, with high-rise apartments around the station and Westfield and established houses in the surrounding streets toward Mortdale and Beverly Hills.

Overseas income and assets

If part of your income is earned overseas, or paid in another currency, lenders vary widely. Some accept it with a discount applied to allow for currency movement, some accept only certain currencies, and some will not count it at all. Documents usually need to be translated, and tax returns from the other country are often required.

Deposits gifted by family

A deposit gifted by parents, including from overseas, is acceptable to many lenders. Expect to provide a signed gift letter confirming it is not a loan, and a clear record of the money moving into your account. Where the gift arrives shortly before you apply, some lenders also want to see savings of your own. Arranging this early avoids delays at approval.

Visa holders and new residents

Temporary residents can often borrow, but typically need a larger deposit, may need Foreign Investment Review Board approval, and usually face additional stamp duty as foreign purchasers. See temporary resident home loans. If you have recently become a permanent resident, see home loans for new immigrants.

Buying off the plan in a new tower adds valuation risk at completion; off-the-plan loans explains it.

Common questions

Sometimes. It depends on the lender, the currency and the documents available. Some lenders apply a discount to overseas income; others do not accept it.

Usually yes, with a signed gift letter and evidence of the transfer. Some lenders also ask for a period of your own savings.

Often yes, with a larger deposit and, in most cases, FIRB approval and foreign purchaser duty. Lender policy varies by visa type.

Benjamin Marzouk

Mortgage broker, LNB Finance

Benjamin Marzouk is the broker behind LNB Finance, working with clients across the St George, Bayside and Sutherland Shire areas from Sans Souci, and arranging finance Australia-wide. He compares more than 60 lenders and is not owned by, or aligned to, any bank.

Credit Representative 551447 under Australian Credit Licence 384324, held by Outsource Financial Pty Ltd. LNB Finance Pty Ltd, ABN 83 668 176 083, and is subject to the Best Interests Duty. Both licence numbers are publicly searchable on ASIC Connect. Read our Credit Guide.

Buying or refinancing in Hurstville?

One conversation, more than 60 lenders compared, no fee to you in the usual case.

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