Forums / Property Investing / Overseas Deals / Foreign investment property debt

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  • Profile photo of Fordo81Fordo81
    Participant
    @fordo81
    Join Date: 2015
    Post Count: 0

    Do I need to disclose foreign investment property debt to the banks in Australia when applying for a mortgage for an Australian investment property? It seems very unfair the banks look at foreign investment debt but not the rental income.

    Profile photo of mj23001mj23001
    Participant
    @mj23001
    Join Date: 2012
    Post Count: 9

    Depends if the bank/lender is aware of your international activities. In some cases, it may be beneficial to keep those details out of the application.

    Profile photo of Richard TaylorRichard Taylor
    Participant
    @qlds007
    Join Date: 2003
    Post Count: 11,975

    may be beneficial to keep those details out of the application.

    But of course would be mortgage fraud not to disclose.

    Cheers

    Yours in Finance

    Richard Taylor | Mortgage Broker helping investors build their wealth thru property
    http://www.mortgagecapitalaustralia.com.au
    Email Me | Phone Me

    0-40 Properties in a decade with a unencumbered portfolio value in excess of $40M. Ask me for a copy of my API Interview.

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