What is Loan to Value Ratio? How Does It Affect My Loan Application?
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
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
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?
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 at your personal financial situation, as well […]
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 benefits that come with them. We’ve compiled this guide […]
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 designed to meet the needs of […]
How Low Deposit Home Loans Work & How to Get One
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
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 […]
How Much Deposit Do I Need for a Home Loan?
If you’re wondering, “how much deposit do I need for a home loan?” – the answer is not as straightforward as you might think. How much of a deposit you choose to pay is specific to you and your personal financial situation or needs. While most lenders require a minimum of 105% house deposit, the […]
What is a Home Renovation Loan?
Before going ahead and taking out any loan for your renovations, you might want to first assess the different types of home renovation loans. Different home renovation loans can benefit different things, and utilising the right one can save you time, effort, and money. For a practical idea of which loan will be best for […]
