This is a list of the documents you may need to provide to a lender during each step of the loan process:

Lenders will require a Fixed Price Building Contract (FPBC) by a Registered Builder.

Once you have building insurance in place, ask your insurer to provide you with a building insurance certificate of currency. You will need to send this certificate of currency back to your lender, together with your completed mortgage offer documents.

Thinking about a Tree-Change? Buying a home in the country has many benefits and is sometimes a dream of people wishing to escape the Rat Race. But before you fall in love with any property, make sure that you can borrow the money you need to buy it.

If you have selected a Fixed Rate home loan, the fixed rate that will apply will be the advertised rate on the date of settlement

A negatively geared investment property is one where the cost to own and maintain it (loan interest, council rates, maintenance etc) are higher than the rent received. The net outgoings create a loss that is usually an allowable tax deduction.

When buying, refinancing or selling property, the more knowledge that you have about the local property market, the better informed your buying or selling decisions will be.

Comparison rates are a legislated requirement for lenders to provide to home loan consumers.

All credit providers must give a comparison rate when they advertise a rate or a weekly payment for home loans. The comparison rate includes the interest rate or weekly repayment amount, plus most fees and charges.

Work out how much ‘cash’ you need each pay period ($A).
Get your payroll department to deposit $A into your bank account and the balance into your Home Loan.
Pay as many bills as possible by credit card.
Redraw from your loan to pay your credit card and other bills as required.

In certain circumstances, the deposit paid by a property purchaser can be released to the vendor prior to the sale settlement.

When you borrow money to buy a property, the lender will take a mortgage over that property to secure the loan – one loan and one security property.