When you are borrowing more than 80% of the purchase price of a property, you may have to provide proof of 3-5% genuine savings, and it is worked out like this…

How much can I borrow?
There are three main considerations that must be taken into account when you are looking to borrow money for a home purchase, and they are:

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.

This is a question asked by many expectant mothers, so we have some great tips to help you through this challenging financial period

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.

This is a generic list of standard information that may be required when we complete a loan application for a purchase. Every application and lender is unique, and I will request specific information once we decide on a loan that meets your needs and fits your goals.

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.

Credit Report providers hold credit-related information which is primarily used by banks and other lenders to assist them in assessing applications for credit.
If you have every applied for or used credit in Australia, you will have a credit file.
See my Tips on Adverse Credit History for more information

Under the Evidence (miscellaneous provisions) Act 1958, there are many people who may witness the signing of a statutory declaration in Victoria

There are so many things in life to think about these days! Insurance however is not always top of mind.