Category Archives: lvr

LVR and Lenders Mortgage Insurance

If the amount you need to borrow to purchase your new home or rental property gives you a Loan Valuation Ratio, LVR, of more than 80%. (65% for some low doc mortgage loans) Your lender will almost certainly compel you … Continue reading

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Lower LVR Preferred by Major Lenders

It is official, banks are making it tougher to get a home mortgage. Despite the bail out from the Federal Government to free up lending, it seems some of our major banks have not got the message. A client reported … Continue reading

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Low Doc Mortgage for Debt Consolidation?

Low Doc Home Loan/Mortgage for Debt Consolidation? The credit turmoil has lead to some radical changes in the way home loan lenders assess home loan applications. Lo doc loans have come under greater scutiny, but what are they and what … Continue reading

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First Home Buyers Deposit Saver Scheme

Free money from the government. Australians aged 18 and over at last have some help to save for their first home. The First Home Buyers Deposit Saver Scheme became a reality today as the first accounts were made available by … Continue reading

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Mortgage Insurance No Stress Reliever.

The global credit meltdown has bought all forms of mortgage and mortgage guarantee insurance firmly into the lime light. However the mortgage insurance they are talking about in the US is significantly different to the Australian version. Under the Australian … Continue reading

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Useful Australian Home Loan Resources

Useful resources for preparing to take out a home loan or purchase a property are listed below. Educating yourself in the different aspects of purchasing a property is the only way to guarantee that you get the best possible deal. … Continue reading

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Glossary of Home Loan, Mortgage and Property Finance terms

Glossary of Home Loan, Mortgage and Finance terms. A account balance – The amount of money you have in your account. annual fee – The amount charged by the lender each year to cover the administration costs of the loan. … Continue reading

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Ready to buy or refinance a home or investment property

A home loan mortgage finance application can be tricky, so it is important that you have all your personal and financial information ready before you meet with your mortgage broker. Personal Information: The first thing you need to do is … Continue reading

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Best Mortgage Checker – The Shocking Truth

Do you know the shocking truth about borrowing from a bank…… Over half of monthly bank statements contain errors! Whether you deal with a mortgage broker, or one of the major lenders, have a standard variable home loan mortgage, fixed … Continue reading

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HOME BORROWERS SPARED MORE AGONY

RESERVE BANK LEAVES OFFICIAL RATES ALONE FOR NOW! Thank you Reserve Bank Board, you have made one aussie mortgage battler’s month by not raising official interest rates. The spin from the media is there may even be a drop in … Continue reading

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