Finding the perfect loan can feel like a maze. That's why almost half of Australians use a mortgage broker to do the hard work for them. There are literally thousands of home loans out there and it can be difficult to figure out which one is right for you. The main point is when it… Continue reading How can I compare my home loan options?
We can tell you how your credit history will impact your loan options and talk you through the steps needed to secure the right loan for your needs. A credit file is kept for any person who has borrowed money for a credit card, a mortgage or a car over the past seven years. Your… Continue reading How will my credit history impact my loan application?
A home loan’s interest rate will either be a variable rate that moves up or down or a fixed rate that stays the same during the loan term. You can also split your loan into fixed or variable portions. Here’s everything you need to know about choosing an interest rate. Variable interest rates The most… Continue reading Interest rate on home loans
Use our calculator to see your borrowing capacity: https://www.loanmarket.com.au/chau-ritchie/help/12-tips-for-borrowing-capacity
Main points that you need to know before making a decision of buying a house: · Most lenders require a deposit that is at least 5% of the property price. · Genuine Savings are savings you have held for at least 3 months · The larger your deposit, the less interest you’ll pay over the life… Continue reading Things that you need to know before making a decision of buying a house
Our service won't cost you a cent but there are some other costs you need to factor in when buying property Stamp Duty Stamp duty charges are paid to the government when you buy a property. There are a few different types of stamp duty and they can vary from state to state. Property Transfer… Continue reading What fees and charges can I expect when buying a property?
A formal pre-approval is a critical step in purchasing property - it's when a lender (bank) gives you an approved amount to borrow based on a full assessment of your financial situation. Advantages of home loan pre-approval: Give you some sort of "bargaining power" (check my explanation as below) You'll know exactly how much you can… Continue reading What is home loan pre-approval and should I get it?