Did you know? Shopping around can result in a decline.

Posted on 2016-08-03

It’s handy to know that each time you submit a home loan application, the lender runs a credit check immediately – regardless of whether or not you’re applying with the same lender or another bank or financial institution. So, with every application for credit being recorded on your credit file, numerous inquiries over the past … Continue reading “Did you know? Shopping around can result in a decline.”

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Tip for first home buyer: Ensure you have a savings track record

Posted on 2016-02-29

Your deposit does not need to be huge. Once you have worked out how much you can spend on a house, it is a good idea to have saved a minimum of 5% of the value of the house, if, however, you are in a high income position or are purchasing a house later in … Continue reading “Tip for first home buyer: Ensure you have a savings track record”

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Tip for First Home Buyer: Check your credit history report

Posted on 2016-02-22

To avoid any issues that may arise with your personal credit history, it may be good practice to check your own credit file before applying for a loan. This can also highlight any errors that may not be your fault and it is best to get this sorted early to ensure your loan application is … Continue reading “Tip for First Home Buyer: Check your credit history report”

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Tip for First Home Buyer: Get your Assets & Liabilities in order

Posted on 2016-02-15

Whilst you may not have a lot of assets or liabilities, it is always good to have a clear list ready for your lender. An accurate way to work out exactly what your commitments are is to obtain a recent statement for all personal loans, car loans and/or credit cards you may have. The lender … Continue reading “Tip for First Home Buyer: Get your Assets & Liabilities in order”

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Tip for First Home Buyer: Do not change jobs at or just before applying for a home loan

Posted on 2016-02-08

While some things are out of your control, showing that you have been in same place of employment (and even residence) for a long period of time shows commitment. If you are thinking of applying for a home loan, now is not the right time to become self-employed or quit your job. You want to … Continue reading “Tip for First Home Buyer: Do not change jobs at or just before applying for a home loan”

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Tip for First Home Buyer: Bank viewing your risk profile

Posted on 2016-02-01

Ensure all current commitments/bills are paid on time. When the lender is considering your application, they are assessing your risk profile and part of this is your willingness to repay. Showing that you can pay things like your rent, or any other bills you receive, on time assures the bank that you have a low-risk … Continue reading “Tip for First Home Buyer: Bank viewing your risk profile”

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Fat Cat way to qualify for your First Home Purchase

Posted on 2016-01-28

If you meet the below criteria then you should seriously consider making an appointment with a Trusted Mortgage Broker.  You must have saved 5% of the property purchase price from income earned over a minimum period of 3 months. If you received a monetary gift, you must have held it in an account for a minimum of … Continue reading “Fat Cat way to qualify for your First Home Purchase”

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Save for your Home Loan deposit the Trusted way

Posted on 2016-01-18

Saving a deposit for a first home loan can be a real challenge, especially if you haven’t had to exercise such financial discipline before. Indeed, it may well be the biggest obstacle for many when they decide to become a property owner for the first time. That is why it is important to set in … Continue reading “Save for your Home Loan deposit the Trusted way”

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Tips for borrowers planning to start a family

Posted on 2016-01-11

Having a baby is one of the most wonderful experiences in life, but it can also be stressful. You don’t want to be worrying about how you’re going to juggle your finances once your baby arrives. The time to start planning is when you decide to become, or find out that you’re going to be, … Continue reading “Tips for borrowers planning to start a family”

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First home buyer? Don’t know what to do first?

Posted on 2016-01-05

A good place to start is by getting your head around the various costs associated with buying a property and applying for your first home loan When it comes to budgeting to buy a home, the process can feel daunting – especially if you are a first-time buyer. A good place to start is by … Continue reading “First home buyer? Don’t know what to do first?”

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