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.

DAY 1 We receive loan application and supporting documentation. DAY 2 We compile and submit your application to the lender. DAY 3 Lender performs credit reference check and other basic checks DAY 5 Conditional Approval DAY 8 Valuation is received & conditions of approval are met. DAY 10 Unconditional Approval DAY 13 The Lender or […]

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 […]

A loan pre-approval is written confirmation that a lender has reviewed you and your current financial position and is prepared to lend you money up to the pre-approved loan amount.

Joint tenants, Tenants in common

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.

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.

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.

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.

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.