Banks may decline your home loan application if certain key factors are missing. North Brisbane Home Loans brokers can help you get a home loan approved. However, you should be aware that in order for banks to grant you a loan, the following factors will be considered in order to determine whether you are a good borrower.
Do you want to find out more about the Brisbane First Home Owners Grant? This year, the Queensland government is doubling the amount of grants given out to help Queenslanders own their own home. The Grant was worth $7,000 when it began on July 1, 2000. It was raised to a high of $21,000 before settling at $15,000. This figure is set to remain and is unlikely to change in the near future.
A broker can assist you if you are looking for a new home and want to take advantage of the First Home Owners Grant Brisbane. Our Brisbane mortgage brokers are here to assist you.
A mortgage rate lock is an offer made by a lender to protect you from rising interest rates for a specified period of time. The lock guarantees that your interest rate will not change for the specified period of time, such as three or five years. If you intend to obtain or refinance a mortgage with a fixed monthly payment, a mortgage rate lock could ensure you protect the rate prior to settlement. Here are a few things to consider before locking in a new interest rate.
If you already have a mortgage and want to access more funds, refinancing is an option. The first question you'll probably have is who you can borrow from and how much you can borrow when refinancing your home loan. Knowing your borrowing capacity is critical for determining how much equity you can access when refinancing.
So, when refinancing, how do you calculate your borrowing power? Continue reading to find out more.
Curious to know about what will the Brisbane property market be like in 2022 year? When considering a home loan in Brisbane, you should be aware of four key things that will ultimately affect the housing market. Continue reading to learn four important facts about Brisbane's housing market in 2022.
Contact the North Brisbane Home Loans today for a home loan assessment based on your property goals and financial situation.
Family and friends frequently advise self-employed borrowers that obtaining a home loan can be a difficult process. However, If you are self-employed and looking for the best home loan option, low doc or no doc home loans are the best mortgage option because they require less documentation than a traditional home loan.
Contact the North Brisbane Home Loans team today to speak with one of our experienced self employed mortgage brokers in Brisbane about no doc or low doc home loans.
You might be wondering if your retirement funds can be used to purchase a home. If you are a first-time home buyer, property investor, retiree, or over 65 and have a superannuation account – whether with a traditional super fund or a self-managed super fund – you can use your superannuation account to buy a house (SMSF). A reputable Brisbane mortgage broker can provide you with the necessary information if you want to use your superannuation.
Please contact us if you'd like to speak with one of our mortgage experts at North Brisbane Home Loans. We'd be delighted to assist!
So, you've received a building inspection report? If a house inspection reveals some faults, you can still renegotiate the price of the house after the inspection. But how do you renegotiate for a house price after a building inspection? North Brisbane Home Loans, as a professional mortgage broker who has successfully assisted hundreds of buyers in purchasing a home, has discovered that the best tips are critical in the renegotiation process. You'll have your finance ready to go for the right property with the help of a professional mortgage broker.
North Brisbane Home Loans can assist you in obtaining pre-approval for financing, allowing you to confidently make offers and, if necessary, negotiate price reductions. Contact the team right away.
Purchasing a home can be a stressful process, especially for single-parents who may be unable to secure the required 20% down payment for a home loan. However, there is good news for single-parent families in Australia: they can take advantage of the Family Home Guarantee Scheme. Visit the North Brisbane Home Loans website or book a free chat now to learn more about the benefits of FHGS and the eligibility criteria.
Refinancing your home loan can lower your interest rate, but how much does it cost to refinance a home loan? There are lots of things involved in home refinancing process which includes mortgage application fee, property valuation fee, discharge fee, break cost, settlement fee, mortgage registration fees, exit fees, and time and effort.
According to the ACCC (Australian Competition and Consumer Commission), the average borrower could save $17,000 in interest simply by refinancing their home loans. The costs of refinancing a home loan can be straightforward, particularly if you work with a reputable mortgage broker.
Lenders will offer guarantor loans if they have concerns about a borrower's ability to repay a mortgage or if the borrower lacks the funds for a deposit. The most common home loan guarantor arrangements are Security Guarantee, Family Guarantee, and Limited Guarantee. North Brisbane Home Loans is happy to answer any questions you may have about Brisbane mortgages and property ownership. To learn more about your options, please contact us today.
Purchasing your first home is an exciting moment, but it can also be difficult if you don't know where to begin. It is critical to get the right advice from the start. That's why we've compiled this comprehensive first-time home buyer's guide to assist you in navigating this important step. This comprehensive guide will tell you everything you need to know.
A bridging loan, also known as bridging finance, is a short-term loan that can help you finance the purchase of a new home while you sell your old one. The main advantage of using bridging finance when buying and selling homes close together is that you can borrow up to 100 percent of the new home's purchase price, as well as all associated costs. Find more about bridging loans here!
Do you want to buy a second home in Brisbane? When it comes to buying a second home with no deposit, it can be difficult to know where to begin. Using equity to purchase another home may allow you to avoid paying a cash deposit. To answer all of your questions, the North Brisbane Home Loans team put together this handy guide on using home equity to buy another house. Let's look at how equity works when purchasing a second home.
When you've decided to relocate, whether for more space, a change of jobs, or to take advantage of your equity, the prospect of buying your next home can be both exciting and stressful. The first question you must answer when upgrading your home is whether you will buy a second home first or sell your current property first, then buy.
Contact the North Brisbane Home Loans mortgage broker today and let them assist you in getting into your next home as soon as possible.
If you are planning to buy a home in Brisbane then your rental history can help you qualify for a home loan. If you have been paying your rent on time and are not in arrears, an experienced mortgage broker may be able to help you find a mortgage lender who will accept your rental history for home loan approval.