Understanding conditional loan approval For buyers planning to purchase a property, conditional approval can be a smart first step. It gives a clear idea of borrowing capacity, and shows agents and sellers that a buyer is serious and financially prepared. Conditional...
How to use equity to purchase property Equity can be a powerful financial tool, which you may be able to use to fund the deposit on an investment property. Your home equity is the difference between your property’s market value and the amount you owe on your mortgage....
What are low-doc loans and who are they for? For many self-employed borrowers, securing a home loan can be challenging due to the lack of traditional financial documentation such as payslips and tax returns. Low-doc (low documentation) loans provide an alternative...
Home loan redraw facilities explained A redraw facility is a home loan feature that allows you to access extra repayments you’ve made on your mortgage. If you’ve been paying more than your required minimum repayments, you may be able to withdraw those additional funds...
Help to Buy scheme and changes to how lenders consider student debt More Australians on lower and middle incomes will be able to enter the property market sooner, after the federal government expanded the Help to Buy scheme in its annual budget. Help to Buy – which is...
