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 →
Lenders mortgage insurance (LMI) FAQ: Q: What is lenders mortgage insurance? Lenders mortgage insurance (Also known as LMI) is a one off, upfront fee that you pay to the lender.... 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 →
FHOG is a grant given from the State Government to help and encourage first home owners to buy or build a residential property to use as their principal place of... read more →
How do you build Equity? As discussed last week, Equity is the amount of your home that you actually own. This is the property value - the loan balance =... read more →
So, What is Equity? In regards to property, it is an asset that comes from the homeowners interest in a property. How much Equity you have is worked out by... read more →
WHAT ARE THE DIFFERENT WAYS TO GET INTO MY OWN HOME WITH NO DEPOSIT?? Option 1: Equity in another property If you already own property with substantial equity, you could... read more →