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.

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.

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 […]

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:

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.

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.

Property held in the names of two or more persons, in which each has a separate and distinct share. The shares may be equal or unequal. When one person dies their share is not passed to the survivor(s) but can be left to beneficiaries other than their co-owners.

Offset accounts: Use them to save you money…

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

An adverse credit history indicates that there are negative reports or past transactions showing unpaid debts, overdue accounts, over the limit transactions or dishonoured payments.