Ask any financial questions you may concern, we will be on your side and will shop around for you to find the right loan from the right lender for your.
How much can I borrow?
Different lenders have different method of calculating your borrowing capacity based on your financial position. Contact us to know about you maximum loan amount.
What is Lenders Mortgage Insurance (LMI)?
It is generally charged when you have a deposit less than 20% of your property purchase price. It is important to realise that only lender is covered by LMI, not the borrower.
Can I get a home loan if I have a bad credit history?
Lenders will always consider your credit rating when you apply a home loan. If you have a bad credit history with credit rating and want a change of getting a home loan. It is a great idea to contact one of FURTHER broker. We will know the details and condition on different lenders, and find the right loan and right lender for you.
Should I fix the interest rate on the mortgage?
No matter what the interest rate doing, a fixed rate home loan will not be for everyone. We should consider the pros and cons of fixing your home loan.
For example, with a fixed rate mortgage, you get stability and consistency. No matter what happens in the market, your loan payment will always be the same. In short period, it helps you to plan your family expenses. However, If interest rates continue to go down, it is often possible to discharge a fixed rate loan early but only by paying a significant penalty. It pays to check out how these break costs are structured before you take out the loan.
Fixed loans often lack the flexible features of variable loans. A redraw facility, offset account and shorter repayment periods are often not available.
How to get a home loan on maternity leave?
The good news is that some lenders will approve a home loan or a mortgage increase even though you’re not receiving a permanent income. But, it depends on certain factors such as your credit history, assets and liabilities.
What is offset account?
If you have a variable rate home loan, it’s likely you’ll have the option of 100% offset. Here we discuss the advantages of offset, and how it can reduce the interest you pay (and help you pay your mortgage off faster). So how does it work? Contact us!
Should you refinance your home loan?
If you’ve had your current home loan for a number of years, it is good idea to review your loan right now, to make sure it is still helping your achieve your financial goals. There are a number of reasons you may want to refinance your home loan:
- looking for a better interest rate
- looking to use the equity in your home to renovate
- Refinance to access equity in your home and use those funds to invest in property, share.
Talk to us, we can quickly identify if a refinance is suitable for you and arrange the necessary paperwork.