If you want to buy a property, but don’t have a deposit, a guarantor home loan might be an option for you. A parental guarantee allows you to borrow 100% of a property’s value. While they can be a great solution, these types of loans are quite complex. Getting guarantor home loan can be a lengthy process.
Many people have a combination of personal loans, credit cards, car loans, HECS debts and the like. So when it’s time to list them all on a home loan application, it’s easy to forget one or two. But this innocent mistake can have dire consequences.
Applying for a home loan can feel daunting. You might feel like you don’t have a lot of control over the process, and so many things can go wrong. But there are some steps you can take to avoid problems, and keep the process running smoothly.
Today, we’d like to talk about the importance of getting an early pre approval. Often clients come to us needing urgent property finance. They may have signed a contract months, or even a year earlier. This is common with off the plan, or unregistered land purchases. People lose track of time, or think getting finance will be easy. So they leave it to the last minute.
Unfortunately, this can lead to a lot of stress.
There are many things to think about if you are going through a separation or a divorce. The family property is often high up on the list. Your family lawyer will help you with the negotiations, but you will probably need some help with your mortgage to complete the process. Complications often arise. For example: do you want to keep the property, but
In this day and age it can happen to anyone of us – a dispute with your mobile phone company can often see the corporate giants listing an unpaid default on your credit file.
