Pre Approval Home Loan – Is it worth it?
A pre approval home loan can give buyers a competitive edge. There are also risks. I explain the risks that any would-be buyer should understand.
A pre approval home loan can give buyers a competitive edge. There are also risks. I explain the risks that any would-be buyer should understand.
Coming up with living expenses for a home loan might sound easy-can you put an accurate number on it? What should you tell the bank?
My Home Loan Boot Camp is a sweat-free way to understand and bring into line important aspects of your financial picture.
I have produced this home loan approval process flowchart from my 15 years experience as a mortgage broker. If you want to buy a home you can start now.
Understanding the home loan documents checklist should take about 10 minutes. Know where they are. Know what they look like—and stay ready.
A LMI waiver for lawyers purchasing a $800,000 property with a 10% deposit could save them more than $17,000 in fees by avoiding LMI.
A LMI waiver for doctors for someone with a 5% deposit buying near the average Australian house price could mean around $30,000 of LMI fees avoided.
An accountant purchasing a home for $600,000 with a 10% deposit could save over $10,000 in fees by avoiding LMI. This amount can extend to around $20,000 for a 10% deposit on a $1,000,000 property.
An LMI waiver for nurses can enable eligible borrowers to buy for $600,000 with a 10% deposit and save around $10,000 in fees by avoiding LMI.
An LMI waiver for physiotherapists is here. Eligible physios can buy sooner, with 10% deposit and also use an LMI waiver for investment property.