Everything You Need to Know About a Pre-Approval Home Loan

Home loan pre-approval, also called conditional approval, is confirmation from a lender that an applicant is eligible for a home loan of a specified maximum amount. They don’t have to take the loan, and the lender doesn’t have to lend that amount, but, in principle, the conditional approval shows sellers the applicant is a serious […]

What are High LVR Home Loans & How Do They Work?

high lvr home loans

Thanks to high LVR home loans, many Australians find that they can become homeowners sooner than expected without saving up for the typical 20% deposit. Lenders compare the value of the property you want to buy with how much money you would like to loan from them, and that will be your loan to value […]

What is Loan to Value Ratio? How Does It Affect My Loan Application?

loan to value ratio

A low or high loan to value ratio (LVR) is a big factor affecting a lender’s willingness to approve your home loan application, so understanding what they are is crucial. Generally, a low LVR is more favourable, with lenders opting for an 80/20 sweet spot for their security.  But lenders do conditionally provide high LVR […]

5 Steps on How to Refinance Your Home Loan

refinance home loan

If you’re looking for a way to manage your monthly mortgage payments, refinancing your home loan might be just the solution.  Refinancing entails taking out a new home loan and using it to pay off your current home loan and doing so can have various benefits. But, there are several things to consider first. Let’s […]

How No Deposit Home Loans Work & How to Get One

no deposit home loan

If your heart is set on buying property but you don’t have the savings to do so then a no deposit home loan could be an option. No deposit home loans are a very high risk to lenders which means being approved isn’t all that easy. However, they’re a great option for borrowers who don’t […]

Fixed vs Variable Loans: What’s The Difference?

fixed vs variable loans

Fixed vs Variable Loans: What’s The Difference? When choosing between a fixed interest rate or variable rate loans, there are different things to consider before making your decision. While a fixed rate loan offers stability, a variable rate home loan comes with features that may be useful. You will need to take a close look […]

How to Choose The Right Low Doc Home Loans

best low doc home loans

How to Choose The Right Low Doc Home Loans The right low doc home loans are the ones that best suit your personal financial situation – there’s no “one size fits all”. Low doc home loans require different documentation than standard home loans. But, they still offer various types of home loans and the additional […]

What are Low Doc Home Loans?

low doc home loans

What are Low Doc Home Loans? Homebuyers without standard PAYG payslips, financial statements or tax returns can still become homeowners – they may just need to apply for low doc home loans rather than a standard home loan as an option. Low doc home loans, also known as alt doc home loans, have been specifically […]

How Low Deposit Home Loans Work & How to Get One

low deposit home loans

Many Australians take their time before buying property and try and save up 20% deposit so they don’t  need to pay lenders mortgage insurance  – but with low deposit home loans, you can become a homeowner much sooner. It’s possible to be approved for a home loan with only a 5% deposit if you have: […]

How Refinance Home Loan Debt Consolidation Works

refinance home loan debt consolidation

If you’re feeling overwhelmed by multiple streams of debt and are desperate for relief, refinancing your home loan for debt consolidation might be a great option. A debt consolidation home loan provides a short term solution to a multi-faceted problem – but you need to weigh up the long term consequences and decide whether it’ll […]