It’s no secret that the lending industry is in a bit of turmoil, and it feels like every day there are new Sensationalism in the media, enquiries & Royal commissions, changes to labnder’s policy, servicing and processes.
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Living Expenses threaten Home Loans Applications
Banks are clamping down on investors from every angle, with ‘living expenses’ one of the latest factors to draw attention. So how can you maximise your borrowing power, when every little expense is under the spotlight?
Read MoreWhat is Best? a Fixed or a Variable Home Loan?
To fix or not to fix If you’re about to buy a house or you’re looking to refinance you may be asking yourself, should I fix my home loan or not? Like most decisions, there are pros and cons for each option. Here are some things to think about to […]
Read MoreWhat is “Principal and Interest” on a home loan?
Learn about one of the most basic details of your home loan and how to make use of it to pay your loan off quicker. The phrase “principal and interest” or “P&I” is top of mind for many borrowers at the moment. Recent moves by the Australian Prudential Regulation Authority […]
Read Morehow to get a pre approval for a mortgage ?
Want to get into your new home quicker? Get pre-approved ! What is the home loan pre-approval process? The home loan pre approval process, also known as conditional approval or approval in principle, is when your bank conditionally approves or denies you for a loan before you apply to buy a house.
Read MoreWhat does ‘non-genuine savings’ mean?
When applying for a home loan you’re usually asked to provide a lot of different information, including how much money you’ve saved. These savings will be the deposit that you put towards the purchase of your new home. You may also be asked questions about how you’ve saved your deposit, […]
Read MoreWhat is Lenders Mortgage Insurance?
If you are finding it difficult to save up a 20% home loan deposit, you may still be able to borrow from a lender to buy a home – However, you may have to pay Lenders Mortgage Insurance. Yes but what is Lenders Mortgage Insurance? and why is it needed?
Read MoreWhat is the LVR for my Loan?
Your Loan to Value Ratio (LVR) is the percentage of the security property value that you are borrowing. Simply put, it’s the loan amount divided by the value of your property.
Read MorePrivacy Policy
At Go Mortgage Corporation we aim to give our customers the best possible service by offering the best possible range of financial products and services. We understand the importance of protecting your personal information. This document sets out our privacy policy commitment which applies to any personal information that you may give […]
Read MoreWhat is Equity?
You have probably heard the word ‘equity’ thrown around in financial conversations. While those with a banking background may find this an easy concept to grasp, it can raise question marks for buyers new to the housing market, or anyone unfamiliar with financial jargon. Let’s try and answer a few […]
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