What is LMI? Prospective homebuyers will often do whatever they can to avoid paying thousands of dollars in lenders mortgage insurance (LMI), whether it be
One of the first and best things you can do when you are looking to buy a house is to approach a lender to get pre-approval for a loan.
When you apply for a property loan, you’re obviously going to need a healthy amount of paperwork. From identification to proof of income, there are plenty of hoops to jump through, so we can give you a guide as to what to expect.
The typical four-week sales campaign for property is becoming too short because loans are taking so long to approve amid the tightened lending environment.
So how do you put the odds in your favour when trying to get your home loan approved?
It’s time for many property owners to swap their auction itinerary on Saturdays for building tools as home renovation loans surge amid worsening housing affordability conditions.
Taking on a loan for your business can sometimes give it the shot in the arm it needs to really get it going. Having debt
While most people focus solely or predominantly on rates and fees when deciding on the appropriate loan, there are many other factors that should be considered and too often aren’t. For more sophisticated investors, including those with several properties, high income borrowers and those investing in commercial properties, this is even more so. Below are some of the more important factors in choosing a loan that are often ignored at the detriment of the borrower:
Lenders have been turning up the heat recently in their bid to gain their share of the home loan market.
The other day, while doing some analysis on the loans lodged over the past year and looking at the timeframes and where delays have occurred, I was struck by the number of stages that a loan application needs to go through before settlement and the number of people that the file depends on to go smoothly.
