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?
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 […]
Fixed vs Variable Loans: What’s The Difference?
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 […]
What are 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 […]
