An offset account is simply a bank transaction or savings account that’s attached to your home or investment loan.

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.

Once you sign a contract to purchase a property you will have to pay a deposit to commit to the transaction and to ensure that the property is taken off the market to any other offers.

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.

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

Offset accounts: Use them to save you money…

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.

Joint tenants, Tenants in common

A construction loan allows you to borrow against the construction progress of a new building based on the estimated completed value of the property.

If you are considering buying a smaller apartment, lenders and mortgage insurance companies have restrictions on what sort of apartments and developments they will accept as security for loans.