Can I Get A Mortgage With A Deposit Under 20%?
With the rapid increase in home prices across Australia, the idea of submitting a large deposit on a home may not be within the reach of the average homeowner.
Government Assistance for Home Buyers
Launched at the beginning of 2020 by the federal government, with this incentive, a first home buyer can procure a property with a deposit that is as low as 5% of the property value.
How to give yourself the best chance at getting your home loan approval:
If you are interested in getting approved for a home loan there are a number of ways that you can set yourself up for success with a home loan application.
What debts can affect your credit rating?
When applying for any type of credit from a financial institution it’s very likely that they will check on your credit file. Your credit rating is a summation or footprint of your past credit history and your credit score can often positively or negatively affect the outcome of credit products in terms of interest rates, offers or even approval or denial of services.
How to get refinance approval
If you’ve already made it through one of the most difficult challenges of purchasing a home, the last thing in your mind could be the idea of refinancing your mortgage. Having the option to lower your payments by a few years and your mortgage can be an excellent way that you can save money especially over a 20 or 30 year term.
Government’s Pledge to Help First Home Buyers in 2019
There’s been a lot said with regards to the Governments pledge to help First Home Buyers by promising they would only need a 5% deposit to get into their first home. There’s been a lot said, but very little details on how it will actually work.
First Home Owners: Build or Buy
Whatever the size or design of a house, everyone remembers the home they grew up in. Buying or building a house is a once in a lifetime investment. When investing in a house, there are many things to take into consideration.
5 ways to Make the Banks Want Your Business
When you look to purchase a home, there are many requirements you need to meet so that a lender will approve your application, being aware of these well in advance will give you the best chance of having a lender want your business and ultimately approve your application
Is now the right time to fix my loan?
Interest rates have been at historic lows for an extended period of time and no one is able to accurately predict when this cycle will end and when rates will rise. Historically the Reserve Bank dictated rate adjustments but in more recent times out of cycle rate adjustments have been greeted by public outrage, however we believe this will become more the norm rather than the exception
Do I need a 20% Deposit to get a Home Loan
The number of home loans today that are approved with less than 20% deposit is dropping. Many more customers are approaching lenders with at least 20% available for a down payment on their homes. Is it possible to get in the door with a lender with less than 20% deposit?
