Faqs

There are certain people and services that are essential in the process of buying property, others which are highly recommended, and some which are optional but very useful. If your loan involves [...]

The most common way to pay a deposit once you are successful at auction is generally by means of bank cheque and is often 10% of the purchase price. That being said, the amount paid could be [...]

An offset account is a transaction account (non-interest earning) that is linked to a home loan account. The balance in this account is ‘offset’ daily against the outstanding loan [...]

The first thing to note is that credit card limits matter with most but not all lenders. There are a few lenders that will not factor in credit card limits into calculations where the cards are [...]

The main costs to take into account when buying property are: Purchase Price: This is kind of obvious and rarely overlooked! Government Costs: – Stamp Duty + Government charges These costs [...]

Loan repayments are paid either fortnightly or monthly and will vary depending on whether you have variable or fixed interest rates and also whether you are repaying principal and interest or [...]

To increase your borrowing capacity there are a few “levers” you can pull. The most obvious is to increase your income. But this is often easier said than done. The second is to reduce your [...]

The amount you can borrow is primarily dependent upon your income and existing debts (including loans and credit cards). A number of other factors including assets and equity in those assets can [...]

In most cases, these are the documents we require from you: 2 most recent payslips & PAYG Payment Summary (Group certificate) Self-employed? Tax returns for last two financial years & Tax [...]

The time it takes for a loan application to get approved varies greatly depending on the lender, scenario and sometimes the urgency to obtain finance. Often the lengthiest part of the process is [...]