These are the main things you need to consider before applying for a home loan to buy a new house:

  • Research your options
  • Provide proof of income
  • Write a detailed budget
  • The lender will check your credit history - black marks on your credit rating could mean you will be charged highest interest rate.
  • The lender will check your savings history - do you have deposit?
  • The lender will check your employment information- are you in stable employment?
  • Calculate your net worth - make sure it is realistic
  • Make a sizeable deposit of at least 20% of the purchase price
OwnerBuilder Financing Road FAQs Answered Intellichoice Finance Owner Builder Loans
Owner-Builder Loans Basics: What You Need to Know As an owner builder trying to get a loan, there are many questions that you want answers. You may consult a financial advisor or a mortgage broker specializing in construction loans. And if you have started your research, you may have figured that getting an owner-builder loan...
Defining a Good Owner Builder Owner Built Intellichoice Finance
Defining a Good Owner Builder There are several homeowners who have built their own homes and have become their own contractor of the project. They had the benefit of earning more equity, cutting down costs, and building a home they want. Building a home is not as complicated as you think. In fact, one out...
Owner-Builder Construction Loans
Many homeowners today either acquired their home through home mortgage or hired a contractor to build their ideal homes. However, for some homeowners, they have taken the owner-builder route. The owner-builder are those who build their own homes or doing the actual work or supervising the work. For most who have taken this route means...
Is It Better to Get Loan From the Bank or from the Broker
Owner Builders have the dilemma to whether choose loans coming from banks, or to those coming from brokers. Firstly, owner builders are individuals who take responsibility for domestic building work done on their own land. These people primarily takes charge in managing the construction of their houses with congruence to building regulations and standards. Unfortunately,...
Owner Builder Home Loan – The Explainer Watch this video on YouTube   This Intellichoice manager in 2011 speaks about why Owner Builder Loans are different from normal home loans – differences that remain the same in 2018! Committing to managing your project as an Owner Builder using an Owner Builder Loan needs sufficient consideration...
Owner Builder Finance Information
When you want to secure finance becoming an Owner Builder is the best choice. Owner Builder is a person who prefers to build their own home so that they will not have to work with a legal builder. It can help to save 20% of the cost on building a house that means a lot...
intellichoice vid 3 Watch this video on YouTube   Getting a Home Loan in Australia It’s not just fashion that comes back! There is a current Government Review into Bankers Lending Policies, making this six-year-old video extremely relevant. This video demonstrates how the world turns – we are back to where we were before banks...
home loan in australia
Having a nice cozy home in Australia is everyone’s dream. Whether you want a home for your family or for yourself, which place can be better other than Australia with beautiful beaches and amazing summers. There are different types of mortgages available in Australia and you should be well aware about them. It is very...
Owner Builder Loans - How it Works, Benefits, Things to Consider
Owner builder loans are hard to get. This is because owner builders are generally thought of as high risk borrowers by banks and loan companies. In any event, an owner builder loan can help you get much needed funds for your project. Below are a few primers to help you understand the type of loan...