Preparing For A Loan Videos

View our range of videos below or visit our playlist on Youtube.

• PAYG employee – 2 most recent pay slips and previous years PAYG summary
• Self Employed – Last 2 years tax returns – personal and business including NOA’s and profit & loss and balance sheet, 3 months business account statement
• Other Income – Rental statements, rental appraisal (if property being purchased is to be used as an investment), current government pension statements showing regular income
• 6 months statements for all existing debts
• Rates notice for existing properties
• Contract of sale (if purchasing)
• Construction – Tender/building contracts including progress payment schedule, plans and specifications
• Front page of your internet banking
• 3 months statement for your pay account
• 6 months bank statement for genuine savings
• 100 points of identification

• Variable Rate – means your repayments go up and down as interest rates change
• Fixed Rate – gives you the certainty of knowing what your repayments will be with an interest rate that stays the same for a set period
• Interest Only – is a loan where you pay only the interest for some or all of the term, with the principle balance remaining unchanged during the interest only period.
• Principle & Interest Loan – repayments on principle and interest loans are higher because you’re simultaneously paying interest and paying off the original loan balance.

Depending on what lender you go though, what time of the year it is, and if that lender has any campaigns going, timing can vary quite a bit.  So depending on the variants a loan can take a couple of days to maybe a couple of weeks to get your conditional approval.

Basic guide for making home loan comparisons and features

• Interest rates
• Comparison rates 

Loan Types

• Principal and Interest
• Interest-only
• Variable Home Loan
• Fixed Home Loan
• Split Home Loan

Loan Features

• Offset Account
• Redraw Facility

Nobody wants to pay more than the current market value for a home. Here are six negotiation tactics to help you get the right price on your Spring property purchase.

1. Research the market value in advance
2. Know your ceiling price
3. Be confident of your finances
4. Understand the seller’s motivations
5. Use your building and pest inspection report as a negotiation tool
6. Know when to walk away

Happy property hunting!

egotiation tactics to help you get the right price on your Spring property purchase.

1. Research the market value in advance
2. Know your ceiling price
3. Be confident of your finances
4. Understand the seller’s motivations
5. Use your building and pest inspection report as a negotiation tool
6. Know when to walk away

There’s an art to successfully negotiating the purchase of a property. However, with careful research and preparation, you can come out on top. Before you begin shopping for a home or investment property, remember to talk to your mortgage broker about getting your finance pre-approved so you’ll be all set to negotiate with confidence. Happy property hunting!