LMI is a one-off, upfront insurance premium that is generally payable when you borrow more than 80% of the property value. It does not protect you as a borrower. It protects the lender in the event that you default on the loan, and they have a shortfall in funds after selling the property.

A prospective buyer makes an offer to buy a property by signing a contract of sale. The offer is accepted when the seller signs the contract. A property is sold when both buyer and seller have signed the contract of sale.

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

Stamp Duty
Conveyancing
Moving
Building or Contents insurance
Lender application fees
Building inspection, pest inspection and strata reports
Proportion of Rates/etc at settlement

Private sale is where have to negotiate with the vendor’s agent (the Real Estate Agent) and arrive at an acceptable price to both parties, resulting in a contract of sale being signed.

Off the Plan property is a property that has not yet been fully constructed. Some developers offer the chance for buyers / property investors to purchase a property before work has started.

Yes, you can get cheaper interest rates than my panel of lenders…but you get what you pay for!

They are a low/no service offer. Consider my value propositions, all of the invaluable advice, support and single point of contact I provide.

Every lender has their own terms and conditions, and this is intended only as a general guide to understanding this topic. Contact us to discuss your individual circumstances. A construction loan operates slightly differently to a standard home loan. Construction funds from the loan are progressively drawn down at each stage of construction, as detailed […]

Finding a property can be a challenge, especially when you have so many different considerations to take into account. Give yourself a head start through determining your ‘must have’ features compared to those you could possibly live without.

A fixed rate loan means that for a set period of time the interest rate that you pay, and therefore your monthly repayments, remain the same.

The time frame is commonly 1 to 5 years, however longer terms are available.