Investment intricacy

[thinkandgrow]

Hi Everyone,

I am in Australia.

Currently, my parents own a property of value 4.5M with 3.1M loan remaining, my parents have taken out loans interest rates of over 4% to buy more property with in our home country. They did not know about refinancing, now, that's where i am trying to help them.

They are given an apartment to live by the employer, with 4 loan that they have taken out is over 400k. I am looking for website like mreferral and centaline to help them refinance and take equity to pay off mortgage.

Their income is 27K and rental of 13K. What banks are likely to approve these? I heard in HK is more about DSR.

Thanks

[emx]

They are given an apartment to live by the employer

Do they rent this from their employer?

[thinkandgrow]

No they don’t pay rent or utilities