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.
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.
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 | Australia's leading private lender
If you already own a property in Australia and only have 60-70% remaining on the mortgage, you can actually use your equity for buying property overseas. Your Australian lender won’t accept a foreign property as security outright but you can do a cash out with the help of your mortgage broker.
Jason D | CSI Prop
https://csiprop.com
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