The Bank of Mum and Dad

Dec 14, 2018 6:56:00 AM

Many parents decide to help their children onto the property ladder; so much so that the Bank of Mum and Dad is now recognized as the fifth biggest lender in Australia. While providing a guarantee or even dipping into your own property’s equity to gift your children the money is commendable, it’s also a big commitment and not without risk. If you are considering doing this, here are four questions you need to ask yourself.


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Topics: Mortgage Broker, Australia Mortgage, Lenders, Home Loan Advice, Home loan rates, Buying property in Australia, Bank of mum and dad, Guarantor, Investing in Property

Buying property in Australia: Non-residents

Dec 11, 2018 6:33:39 AM

Tighter regulations have made it tougher than ever for non-resident buyers to buy property in Australia. While the process may seem near impossible to navigate, once you understand the framework the Government uses to approve applications, it’s actually fairly straightforward. Take a look at what you need to know.


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Topics: Mortgage Broker, Australia Mortgage, Lenders, Home Loan Advice, Home loan rates, Non-resident buyers, FIRB, Buying property in Australia

How debt affects your home loan application

Nov 10, 2018 11:19:02 AM

When assessing your home loan application, your lender will look closely at your financial situation, including your employment history, your income and any assets, as well your liabilities – or debt – and your outgoing expenses. Your debt to income ratio (DTI) is an important factor in this process, which some lenders use to measure your ability to make repayments.


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Topics: Mortgage Broker, Australia Mortgage, Lenders, Home Loan Advice, Home loan rates

How Lenders Assess Mortgage Applications

Nov 9, 2018 11:00:54 AM

Every lender has its own method and formulae for determining an applicant’s credibility and lender-ability. While the criteria may differ from lender to lender, there are a few factors that all lenders use to profile their clients. Take a look at what these are, and we also share a list of guidelines to ensure your mortgage application is error-free.


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Topics: Mortgage Broker, Australia Mortgage, Lenders, Home Loan Advice, Home loan rates

How to avoid paying Lenders’ Mortgage Insurance

Nov 21, 2016 7:00:00 AM


When buying your first home every cost saving counts. But if you’re struggling to save a large enough deposit, there’s a good chance you’ll have to pay Lenders’ Mortgage Insurance. Lenders’ Mortgage Insurance can be a sizeable cost, so it’s worthwhile finding out about it up front and factoring it in. There are a few ways you can avoid paying Lenders’ Mortgage Insurance and we’ve broken those down for you here.


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Topics: LMI, Australia, Lenders, Mortgages, Insurance