Real estate agents are many things to many people, but their first and foremost role is in sales. This means they’re committed to focusing on a property’s finest features, sometimes using optimistic descriptions that don’t always match up to reality. With this in mind, it’s easy to see how some property advertisements seem to border […]
When you consider that a small flat in Sydney could set you back half a million dollars at the moment, saving a 20% deposit to buy that flat – $100,000 – can seem an insurmountable task. That’s where insurance can help. Lenders mortgage insurance (LMI) may be an added expense, but it offers buyers the […]
When you take out a mortgage, many people forget to consider the associated fees and expenses. Here are some of the extra costs that you’ll need to consider when you take out a home loan. Home loan application fees Most lenders charge a home loan application fee. This can range from loan to loan, and covers: […]
One of the most common types of questions I get asked by first time borrowers is, how do banks assess loan applications? In order to decide whether or not to provide you with a loan, the bank / lenders will generally assess you against five qualities. Your ability to repay the loan. To establish your capacity the lender […]
Before taking their property off the market, your vendor wants a deposit to ensure that you will settle, but your funds won’t be available until settlement. What do you do? Most vendors require property purchasers to pay a deposit ahead of settlement as a commitment to purchase the property. If a purchaser doesn’t have that […]