Mark Nolan (aka Nols) writes about loans, homes and finance. Since realising he does not need to work so much, Mark started writing to educate anyone who is ready to learn from his personal, investing and business experience. Empowering his readers drives his content.
MARK NOLAN
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What is a split home loan? A split home loan is where a borrower has more than one home loan product, commonly for the same purpose—like buying a home. Instead of having one loan for their required loan amount, they can have the same loan amount spread across different loan products. Each loan account usually…
MARK NOLAN
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If you are a first time buyer, investor, near maximum capacity or just uncomfortable with debt—read on. Fixed rate home loans are worthy of consideration.
MARK NOLAN
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Multiple offset accounts allow more borrower funds to offset home loan interest. One Australian lender even allows 99 offsets accounts for one home loan.
MARK NOLAN
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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.
MARK NOLAN
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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.
MARK NOLAN
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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.
MARK NOLAN
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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.
MARK NOLAN
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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.
MARK NOLAN
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An LMI waiver for physiotherapists is here. Eligible physios can buy sooner, with 10% deposit and also use an LMI waiver for investment property.
MARK NOLAN
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The minimum credit score for home loans is not actually a thing. But a high credit score can improve your chances of a home loan application approval.