The first step to buying a property, a business or commercial equipment is often securing the finance, and the ‘make or break’ nature of that can make the first meeting with a Mortgage Broker a daunting prospect. Your first meeting with a Mortgage Broker is an opportunity to really get cracking ..
If you are buying your first home, you may be eligible for the First Home Owner Grant (FHOG). The FHOG was introduced by the Federal Government to assist first home buyers by offsetting the impact of the Goods and Services Tax (GST) introduced in June 2000. When you apply for a home loan, as part of..
The better prepared you are for your loan application, the quicker you will get an answer from your lender. Complete documentation also helps in getting a Yes, instead of a No. So, here’s a list of the must have: Identification: A certified copy of a photo ID document such as a Driver’s Licen..
Home loan glossary This glossary is supplied to help you understand the “jargon” often used in the banking/lending industry. Home loan term(s) Description Application fee A fee paid by a borrower for setting up a loan. Approval in principle (or pre approval) Initial approval process which..
A drop in fixed rates by a number of banks and lenders has increased the number of borrowers who are fixing their home loans If you decide to do the same, make sure you are fixing for all the right reasons not just the lure of a cheap rate. Be fully informed of the implications of locking into a fix..