ARTICLES

1/3 of first home buyers going to ‘Bank of Mum and Dad’

1/3 of first home buyers going to ‘Bank of Mum and Dad’

New report finds Bank of Mum & Dad is nation’s fifth biggest lender, ahead of ING DIRECT and Suncorp  29% of Australians aged under 34 are reliant on their parents to provide a deposit for a mortgage, a new survey has revealed. A further 26% of first home buyers...

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What is Lenders Mortgage Insurance?

What 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?  ...

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Family Guarantee Loans

Family Guarantee Loans

Many parents get just as excited about their children’s first home purchase as the “kids” themselves. They’re often involved in helping select the property and providing advice. A facility is available which enables parents to help with the purchase at no direct cost...

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What is the LVR for my Loan?

What 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. So, if the property you want to buy is $500,000 and you want to borrow $3300,000, your LVR...

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