What's the difference between Interest Only and Principle and Interest payments? Interest Only payments are when you just pay the interest on the loan, you don’t reduce the amount that... read more →
Let’s talk about demonstrating to the banks YOUR ability to make mortgage repayments. Due to new regulations within the finance industry, some lenders now require the client (you) to show... read more →
What is collateral/cross security? Primary security is the main property that the bank will take as security for a loan. The Collateral/Cross security is the second property being used to... read more →
What is Positive or Comprehensive Credit Reporting (CCR)? CCR is Australia’s new credit reporting system. CCR is making it easier for lenders to make comprehensive and balanced assessments of a... read more →
What is LVR? LVR stands for the “Loan to Value Ratio” and is simply what it states. It’s the amount of money you borrow for a home loan divided by... read more →
Can I change jobs or circumstances mid loan application? NO. Your loan application is assessed on your current circumstances. So if that changes you may or may not get that... read more →
Can casual workers get a home loan? In the past working casually meant you would find it difficult getting a home loan. This is NOT the case anymore. More and... read more →
What are the different roles of a settlement agent, real estate agent and a mortgage broker when purchasing a property? The settlement agent- This is who completes all the legal... read more →
Many of the banks are now are asking for a budget and break down of the clients basic living expenses. This is due to the responsible lending act. This is... read more →
Myth: If I buy a house in my name and claim FHOG, my partner will still be eligible to claim FHOG, if we buy another house in their sole name.... read more →