Every home loan application is unique, so the time between your first contact with your broker and approval can never be predetermined. If an application is not completed correctly, you risk delays in approval, or even being declined by potential lenders. There are, however, some things you can do to help the process move quicker.
There are various reasons why people want to take a personal loan – consolidating their debt, funding their dream wedding, or renovating their home, for example. Whatever your reason may be, getting access to the needed funding can help to accomplish your goals much faster. There are many loan products to choose from, so weighing
Did you know that 90% of new cars in Australia were purchased under finance in 2021? Considering the growing share of finance commitments over the past decade, you might want to slide right into this strong trend when getting yourself a new vehicle. There are various kinds of car loans catering to different needs. Here
Buying a house is possibly the biggest purchase of your life, so it’s important to get all the details right from start to finish. Here are some tips to help you prepare for what’s to come and to ease your mind during your home buying process! Start Saving Early The total costs of buying a
Interest rates are a big factor in each repayment and the total cost over the life of a loan, so staying on top of your current rate, as well as the interest trends across the market, is essential. By staying on top of interest rates, borrowers can make informed decisions about choosing a first-time home
If you’re familiar with the property market or currently on the hunt for a new home, you’ll see that Australia’s housing crisis is in dire need of solutions. In a country where home ownership offers a significant source of security of housing tenure as well as long-term social and economic benefits, it’s baffling that only
When taking the plunge into the world of home loans and property investment, the challenge often lies in knowing which expert to approach for help. Finance brokers and financial planners, although similar in their professional outlook, cater to different financial endeavours. Brokers that deal in home loans must be qualified and licensed loan advisers with
The Australians have decided! Anthony Albanese’s Labor Party claimed victory over Prime Minister Scott Morrison in the 2022 Federal Election, marking the end of nine years of conservative rules. If you’ve been thinking of getting a new home, you’d want to fully understand what the Labor Party’s win means to the Australian property market scene.
Am I financially fit to be a guarantor? The first thing you should be certain of is whether you are in a financial position to pay off the loan if the borrower finds that they can no longer do so. There can be many disruptions to an income, such as loss of employment or a
Knowing what a property is worth is central to avoiding paying too much for it. It’s about doing your homework, knowing what you want, knowing the market and making sensible offers. Set a benchmark Comparing nearby properties that have sold recently is the best way to assess an acceptable price for the property you are
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Your full financial situation and requirements need to be considered prior to any offer and acceptance of a loan product.
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