What’s my borrowing power? How much money can I borrow to buy a home? ❓❓❓ One of the most frequently asked questions when it comes to securing a home loan is how much can I borrow? Another way of looking at it might be how much can I afford comfortably in repayments...
✔ I have a Home Loan pre-approval, am I guaranteed to be approved? No. While pre-approval means that you’re more likely to have a loan approved, it doesn’t provide an iron-clad guarantee. The following factors can affect whether a loan for which...
Why a Home loan pre-approval is great? A home loan preapproval is a great option for those ready to buy a home or investment property. It gives you the benefit of: 🏡 Knowing how much you can borrow will allow you to focus on houses you can afford 🏡 bidding at auction...
What is loan home loan pre-approval? 📝 A pre-approval, conditional approval or approval-in-principle are all terms used by different Lenders to describe the same thing. A loan pre-approval means that a lender has agreed, in principle, to lend you an amount of money...
🤔 What can they help me with? Anyone can use a Mortgage Advisor/Broker! 👩👱♂️You don’t have to be rich and you don’t have to be a property investor. You do need to be aware that some Mortgage Advisors do charge an upfront fee for their services. Here at Greater...
Why would I go to a Mortgage Advisor/Broker and not the Bank for a Loan? 🏦 Many people head straight to their bank when it comes time to apply for a home loan, but do you know there is another alternative? Did you know that Mortgage Advisors are helping home buyers...
What do they do and how can they help me? A Mortgage Advisor/Broker works one on one with clients and acts as an intermediary who brokers mortgage loans on behalf of individuals or businesses. Many People think Mortgage Advisor/Brokers are just for seasoned investors,...
🏡 Do you still have a Home building Loan or Construction Loan? 🏗 Did you build your house and get a construction loan to finance the build from a lender. 📞 It may be worth you reviewing what your current interest rate is.. 💵 Did you know that you pay a premium...
What is Debt Consolidation and how can it help me? 💳🚘🏡 If you have multiple debts such as a credit card debt and/or personal loans and/or a Home Loan, it may be time to talk to your local Mortgage Advisor about debt consolidation. Consolidating your debts may make...
Pros and cons of choosing a variable interest rate? Pros Typically offers more flexibility than a Fixed Interest Home Loan You can make unlimited additional repayments to pay off your Home loan faster Redraw is usually available meaning you have access to additional...
