Achieving Finance Approval for Clients with No Deposit
Recently, we assisted a client in achieving their dream of saying goodbye to renting and welcome owning their own home without any cash savings for a deposit. The client was seeking finance approval for 100% of the value of the home they wanted to purchase. We took the time to understand the client’s situation and […]
Extended LVR Product Available for Small to Medium Businesses
Small to medium business owners can receive approved lending for a greater loan to value ratio of up to 100% of the property against the asset value with a new product that is on the market. One lender is offering an extended loan to value ratio product for small to medium enterprise owners. The product […]
Banks Crack Down on Overseas Property Investors
The four big banks have initiated a tightening of policy on foreign borrowers wanting to borrow funds in Australia. The banks have tightened rules on the source of income, increased the size of deposits required and one bank has stated it will no longer permit any lending to a non-resident. The decision was made after […]
Can Mortgage Brokers Get Better Deals? If So, How?
Taking out a home loan can be a difficult task and become very confusing with so much on offer. You have to compare different products offered by various lenders, and then you have to apply for the loan, which also means you’ll have to prepare the necessary documents for the application, and the list goes on […]
The Do’s and Don’ts of Refinancing
Is your current lender offering you the most suitable deal possible or are they offering new clients better deals? It is important to question your loan in the current market if you’re paying high interest rates as you could be taking advantage of the record low rates. Before you consider refinancing your home loan, it is […]