Question by David G: How to take out a loan without income record?
I live in Melbourne Australia not working. My main business activities are overseas so that I do not have to work here and pay taxes to the Australian Tax Office. Recently I’m considering buying another house by taking out a home loan in Australia since the interest rate is lower in Australia. I do own a house in Australia but I do not have any income records. So is there a way to convince the bank to give me a loan? My main concern is not to let the tax officer know my foreign assets or income details.
Best answer:
Answer by scat
Sorry – no reportable income – no loan.
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Banks Settle Home Mortgage Claims
Bank of America Corp. has agreed to pay $ 10.3 billion to Fannie Mae to resolve claims related to the sale of home mortgages. Separately, advice 10 lenders agreed to an $ 8.5 billion settlement with federal regulators to resolve claims of abuse related to …
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The Role of GSEs in the Housing Market
The Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac), the major housing government-sponsored enterprises (GSEs), hold dominant positions in the U.S. mortgage market. They have likely …
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Mortgage Applications Continue Rising
Later this morning we get the Federal Housing Finance Agency (FHFA) house price index. The consensus estimate calls for a rise of 0.7% in the index. Rising home prices and very low mortgage interest rates are combining to weigh down the inventory of …
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Federal Housing Finance Agency proposes fee hikes on Connecticut mortgages …
The Federal Housing Finance Agency, which oversees Fannie Mae and Freddie Mac, has proposed raising fees on mortgages in Connecticut and other states that require court approval of foreclosures, according to a report in the Wall Street Journal.
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Question by ?: how big can i get a house in florida with this amount of money?
i have $ 600, page 000 to buy a house in florida
if i offered some one that money for a house how big of a house could i get?
Best answer:
Answer by wahoo
Well that all depends on what area in Fl the house is. Another thing that will make a big difference in prices of a house is ..is it on a coast, or lake. Is it in a city, or small town or rural area. So much has to be considered. What repair is the house in, is it a “fixer upper” or never been lived in. So many questions before your one question can be intellegently answered, By the way the land taxes and permits down in Florida can kill your bank account
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Question by Julia: Can I move out of the unit of my I live in now that my loan has been modified via the Home Affordable Program?
I modified my loan a year and a half ago and now I have a more reasonable monthly mortgage payment. I have a home with 4 units and I rent 3 of them and live in 1. Can I move out and rent my unit in order to move closer to a better paying job in another city if the opportunity comes up? Will it impact negatively on the modification or is there clause that states that I must remain in the home for the next 40 years. I have read the modified loan agreement and it does not state that I must always remain on the property but then there could be something I am misreading. My loan is with Wachovia which is now Wells Fargo.
Best answer:
Answer by Landlord
Call WF if you are not sure. The odds are you have to refinance, more about you have an owner occupied loan, nurse and need to change that to a commerical loan.
Your loan docs should specify if it is an investment loan or owner occupied, since they modified it the odds are owner occupied.
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Flipping fraud defendant last of four still headed to trial
Brester has been charged with artificially inflating the value of nine Vintage Grand condo units by buying and quickly reselling them to former commercial leasing executive Michael Chadwick at higher prices. Federal prosecutors claim that Brester then …
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CATHAY GENERAL BANCORP : Announces Net Income of .3 Million, drug or …
"Our loan growth for the fourth quarter was solid at $ 169.2 million, abortion or a 9% annualized rate and included annualized growth in commercial real estate loans of 7%," commented Dunson Cheng, Chairman of the Board, Chief Executive Officer, and President of …
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Tri-County Financial Corporation Announces Results Of Operations For Fourth …
Net interest income of $ 29.7 million was up $ 2.9 million, or 10.62%, from a year ago primarily due to increased average loan balances and reduced funding costs,” stated William Pasenelli, President and Chief Financial Officer. “Reducing funding costs …
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