Featured Home Loan Applications Question:
Lenders criteria for investment home loans continue >>
Recent Home Loan Applications Questions:
Although there are many different mortgage lenders available to you, it doesn't need to be difficult to make the right choice. continue >>
Finding out why is the first thing and then addressing those issues. It maybe affordability, equity, stability or credit history that has been assessed negatively by the lender. continue >>
Pre-approval should take a little less time than full approval because generally it is not possible to confirm property value in advance continue >>
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Each Lender takes different times to approve finance, often as a result of delays caused by volume pressure. continue >>
LVR is a finance industry abbreviation for Loan to Value Ratio and it is calculated by dividing the value of the property by the loan amount. continue >>
Many lenders now have specific guarantees and loan types to enable parents to help their family to obtain housing finance. continue >>
Guarantees can be very dangerous documents as they are written by the lender to give them” all the power”. continue >>
Mortgage offset is an account offered by many lenders where the interest accrued is not paid to the deposit account but deducted or “offset” against the interest charged on a loan account. continue >>
In general terms most lenders would like at least a year in employment, however they are often flexible depending upon circumstances. continue >>
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