Home Loan Refinancing

Who this guide is for

Australian PR/citizens with savings in their home country (India, Pakistan, Bangladesh, China, Vietnam, etc.) wanting to use those savings as home loan deposit.

New migrants with savings still in home country bank accounts
Established migrants whose family is helping with funds from overseas
Buyers timing transfers ahead of property purchase
Recipients of family gifts from overseas relatives

The local picture

Overseas savings are accepted but documentation requirements are stricter than local savings. Source of funds, transfer history, gift letters (if applicable), and seasoning periods all matter. Many buyers don't plan for these in advance.

How Mortgagefy helps locally

Mortgagefy walks you through the documentation needs upfront — what to gather, when to transfer, how to season funds in Australia, and which lenders are most flexible with overseas-source deposits.

Multilingual support. Free advice.

How it works — 4 simple steps

Free overseas savings chat

20-minute call about your funds, source country, and timeline.

Compare lender options

We identify lenders flexible with overseas-source deposits.

Documentation strategy

We map source-of-funds documentation, transfer timing, seasoning.

Settle your home

You move into your home with funds in place.

Frequently asked questions

We use offer letters and vesting schedules to value RSUs conservatively. We present current vesting value + projected future vesting as a 3-5 year income average. This gives lenders confidence in your income stability while accounting for market volatility.

Both. We work with W2 employees, 1099 contractors, and consultants. For contractors, we use 2 years of tax returns plus business financials. We have lenders who specialise in contractor income—they understand the variability.

Unvested options have zero value for refinancing. We count only vested equity. If you have a 4-year vest, we use 25% of the grant value (what's vested) plus a conservative projection of future vesting.

If you've been in your new role 6+ months, most lenders will refinance. We'll use your offer letter plus 6 months of pay stubs. If less than 6 months, it's harder but possible with specialist lenders.

Yes, if you have 2+ years of bonus history. We average the past 2 years and present it conservatively. Some bonuses get counted at 50% to be conservative with variable compensation.

ESPP is counted as deferred compensation. If your company matches or you have a discount, we value it as part of total compensation package.

Talk to us about overseas savings deposits

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Model your scenarios: Use our free home loan calculators to estimate borrowing capacity, repayments, and savings.

Using Overseas Savings as Home Deposit in Australia: What You Need to Know