Construction Loans Explained: How Do They Work? Are you looking for other avenues to acquire your dream home? Is your family getting bigger and you feel you are outgrowing your home? With home prices going down this year, you can actually find affordable home loans. Australian Bureau of Statistics recently reported that from June 2017 […]
If you have started scouting for a home mortgage, you must have come across the term Lenders Mortgage Insurance (LMI). Lenders Mortgage Insurance is an additional expense that you need to pay after a home loan approval, under the following conditions. Failure to meet the 20% deposit of the property value, even if you’re able […]
Compare home loan rates to get the best rates possible for your home loans. There is a huge number of lenders in Australia. Comparing rates is one of the most critical parts of home loan shopping because it will eventually affect the amount you pay in the long run. However, the lower interest rate doesn’t […]
Commercial property finance can be defined as a loan type used for acquisition or development of commercial property. This includes a factory, a warehouse, an industrial land, an office block, a shop or a store. A commercial property loan can be used to buy a newly developed commercial property or an existing commercial property. The […]
Low Doc Construction Home Loans Step by Step Guide for Application Low doc construction finance loans are available for entrepreneurs, business owners or contractors and consultants looking into securing their own home through a mortgage. Unlike regular mortgages, low doc construction home loans require less documentation since contractor and consultants and business owners may not […]
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 […]
Many homeowners today either acquired their home through a 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 […]
Bad Credit Home Loans in Australia There is nothing worse for an individual who seeks to buy a home than to discover their credit rating has been labeled ‘poor’ or ‘bad’. Trying to get a loan can be very difficult if past credit issues exist; difficult, but not always impossible. A poor credit score can […]
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 […]
Why is an Owner Builder Home Loan Different? 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 and specialised support. Ask us […]
Why are the cost savings so significant when you Owner Build? In its simplest definition, an Owner Builder assumes responsibility for the construction or renovation of a home. “Not so hard,” I hear you say? In reality, what it means is that you are in charge of every single thing to do with that house. […]
Can I Use My Normal Home Loan to Be an Owner Builder? There are many reasons why it pays to use a qualified and experienced broker to help you get an owner builder loan. We have many examples of stories where people have been terribly disappointed because they got a loan (or tried to) using […]
Save a Fortune and Build your Own Home as an Owner Builder The first step in obtaining an owner builder loan is sitting down and determining exactly what your individual circumstances are. What kind of house or renovation are you looking to do? What is your income? What are your assets? How much money do […]
How Construction Home Loans Work The decision to build a new home using a construction home loan can be an extremely rewarding one. There are many reasons why people choose to build their own property. One of the most common is that by doing it this way, your home can be built exactly the way […]
For Borrowers With Credit Histories that May Have Black Mark Associated with Them “Bad Credit Equipment Options: There are many different options businesses can choose from when it comes to bad credit equipment finance. These can include: a) Hire Purchase – Purchase your equipment in installments without having to tangle with ownership and asset declarations. Gain […]
The affordable option The great Australian dream of owning a home now extends to those who want to build or renovate the home of their dreams. And it is affordable. Industry figures show that for renovating and extensions alone, the daily spend around the country exceeds $12 million. That means we are spending about $500,000 […]
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