Home Loans Articles and Resources

Like houses these come in different shapes and colours

Home Loans Articles and Resources

Construction using Owner builder loans at 70% End Market Value and higher are available. Intellichoice brokers love opening the doors to solutions for owner builders with 16 Years’ experience in this specialist field of construction loans provides clients security when considering building homes.


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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
The method of evaluating the value of a property is not always perfect. For those who do a self valuation on their properties, it is possible that you may not arrive with an accurate value. Common Mistakes in Self Home Valuation 1. Comparing With Properties for Sale in the Market In this situation, the value...
Property valuation is the key to determine if the house you intend to sell or the home you intend to buy is indeed a good buy and within the current prices in the market. What is the Value of a Property? An estimate on the value of the property you are selling or buying is...
There are different types of home loans. Distinct terms and conditions apply in particular mortgages making it different from one another. The process of applying and getting a mortgage approved also differs and depends on how will you use your property purchase. Will it be an investment or are you planning to make a home...
Do you own a house and would want to sell it but it happens to be under mortgage? Most houses in Australia, almost two-thirds of the population, own a home through a mortgage. After paying for your mortgage owned home for quite some time, you have finally decided to sell your property? Is this possible...
Borrowing to avail a home is common in Australia. This is also possible for Australian citizens living and working abroad. However, the process is daunting compared to applying for regular home loans. To increase your chances of getting a home loan approved, even while living abroad, here are some tips you can follow for a...
What happens when you miss a home loan repayment? Before you are faced with this situation, you should act fast even before or after missing a home loan repayment. If you feel like you won’t be able to fund your check or if you are honestly going to be late for loan repayment, fix the...
Moving to your new home is exciting. Finally having a place you can call home is personally satisfying, it is an achievement. However, moving to a new home is not always easy. Depending on the things you own, and the furnishings you would want to include in your new home, you may have to pack...
Getting a home loan approved and repaying for one is a tough feat, even to those with good credit standing. Easier repayment scheme begins with getting a low mortgage rate approved on your application. Here are some tips you can follow to reduce your home loan rates and get the best deals possible for your...
Applying for a refinance home loan is a good step to improve your finances. However, there are a few things to consider to fully maximize the advantages of a home loan refinancing.
Beginning a new year in a new home would be a great gift for yourself and your family. However, buying a new home is not a walk in the park even if you have the resources to do so. Buying a home involves a process, and the process may take longer if you require home finance to pursue your purchase.
Are you planning to buy your first home? Are you really ready to take the plunge? There are several considerations to keep in mind before securing your very first home. Your budget, the location, the neighborhood, the loan term, and many other factors help you decide if it is indeed time for you to buy your very first home.
Are you looking into investing in property through a home loan? There are several factors to consider when investing in a property, even more, when you are financing this purchase via a home loan.
It is a hard fact that home buyers are confused on the first steps to take in purchasing a new home. The main reason is that there’s a huge range of option to choose from. Choosing the right one can be confusing in terms of rate, loan terms, and features.
90% home loan lenders can help you secure a loan with a low deposit to worry about or prepare for your purchase. The challenge is finding the right bank or lender that can provide you with such an offer. Every bank and lender in Australia have a different set of lending guideline to follow. To be able to get access to the right lenders suited for your low-deposit mortgage, working with a loan specialist would be ideal.
Applying and getting approved for a mortgage can be difficult. One big reason is the numerous options available out there. Thinking you already found the best only to discover that a different bank or lender offers something better than you expected. To make the process easier, faster and hassle-free for you, getting the best mortgage brokers in Australia on your side is the key.
The finance market in Australia is picking up and starting to become competitive again. With Christmas just a few weeks around the corner, there are plenty of discounts and competitive deals available for those interested in taking out a mortgage. If you’ll do your research and be more attentive in looking for options, you’ll be able to find a lot of financial products and interest rates, perfect and timely for your need from different banks, lenders, credit unions and online finance providers.