Home Loans

First, you need to do your research on what home loan would suit you. Research your options, provide your proof of income, a detailed budget, your credit rating, employment information, and your net worth. Applying for a home loan is a long and complex process involving everything from credit and reference checks to verification of employment and income. A basic truth a mortgage loan holds your house and land as collateral. But in some cases we don’t really want to end up with your house, we want you to succeed. For you to be able to get approved and succeed you may ask or contact one of our Loan Specialists.

Lenders Mortgage Insurance (LMI) covers the lender in the event of the borrower defaulting on their loan. In the event that the property is subsequently sold, and the amount from the sale is insufficient to pay off the loan in full, this insurance will cover the lender for the shortfall. As a general guideline, this insurance is required if you are borrowing 80% or more of the valuation of the property.

The interest rate charged will vary depending on the lender and solution chosen to meet your needs

Depending on your circumstances and the home loan you have applied for, you will generally need to supply the following:

1.) Proof of income – latest payslip or letter from employer detailing conditions and most recent group certificate.
2.) Completed and signed Application Form
3.) Copy of your driver’s license
4.) First Home Owner Grant application (in case you are a first home buyer)
5.) Signed copy of Contract of Sale (required for purchase only)
6.) 6 Months Home Loan Statements (required for refinancing only)
7.) Rates Notice for existing property used as security (required for refinance/equity releases only)
8.) Copy of last 3 months’ loan statements for any loan to be paid out (required for loan consolidation only) Please note: We may require additional documentation depending on your circumstances.