Move house without a new home loan | Home loan portability
You could move house without needing to make a new home loan application? I explain how home loan portability is a thing.
Mark Nolan (aka Nols) writes about mortgage broker loans and everything in between. 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.
You could move house without needing to make a new home loan application? I explain how home loan portability is a thing.
As a mortgage broker, I find these 5 key questions to potential borrowers tell me almost everything I need to know about home loan eligibility.
How do you get a construction loan for something not built yet? A big measure is equity and LVR. I show you how to calculate a construction loan LVR.
What is serviceability? Serviceability, an essential part of the home loan approval process, is a lender-specific calculation of borrower capacity to repay a proposed home loan. Lenders apply their own policy standards against your income, expenses, and debt obligations to calculate how much cash is available for the new home loan repayments. Importantly, just because…
Want to own your little piece of Australia? We have researched and ranked lender’s favourite currencies for Aussie expat home loan applications.
It might surprise you how powerful the CBA discharge authority can be in starting a negotiating for a better interest rate.
A home loan purpose is not only required by the lender, it can be the difference between a loan with the features your really need versus missing out on them.
Want to buy with someone else but keep finances separate? That is what Property Share from Commbank can do. I review it with examples.
See specific examples of how to pay off your mortgage faster with hacks reducing a loan term from 30 years down to 16yrs & 5mths—giving back time and money.
Once you understand how principal and interest works, you can be one step closer to applying some effective repayment hacks.