Tag: property

Private Lending in Australia
Business, Lender features, Loan, Mortgage, Property | June 29, 2023
Private Lending in Australia

The Australian finance industry, traditionally dominated by the four major banks, has been experiencing an intriguing shift toward a previously underrepresented sector: private lenders. Non-bank lenders and private lenders, which make up roughly 5% of Australia’s financial system, are witnessing a swift expansion, especially in the realm of mortgage lending. This movement suggests a notable change in borrowing habits and…

Changes to sale of land laws under the Sale of Land Amendment Act 2019 are now in effect.
Investing, Loan, Mortgage, Property | March 9, 2020
Changes to sale of land laws under the Sale of Land Amendment Act 2019 are now in effect.

From 1 March, 2020: Vendors and agents cannot knowingly conceal any material facts about a property when selling land. Vendors and agents cannot hold public auctions of land before 1pm on Anzac Day, with fines of over $16,000 for non-compliance. There is greater protection for people who purchase options to buy land as part of a land banking scheme, including…

How much deposit for a Commercial Property?
Business, Investing, Loan, Mortgage, Property | May 1, 2019
How much deposit for a Commercial Property?

• LVR – We usually extend up to 65% LVR against standard commercial properties, although can consider up to 80%. *The LVR may be lower for commercial properties considered to be non-standard or specialised. Hence, the minimum deposit that can be considered is 20% • Term – Up to a maximum of 30 years • Pricing – Case by case…

What is Genuine Savings?
Investing, Loan, Mortgage, Property | October 11, 2017
What is Genuine Savings?

Banks and lenders will not lend 100% of a loan. Meaning that as a minimum you are usually required to prove that at least 5% 0f y0ur home deposit from genuine savings? Once your loan falls into mortgage insurance territory then genuine savings becomes a requirement. What is genuine savings? The majority of lenders will require that your savings have…

Why Refinance Your Home Loan?
Business, Investing, Lender features, Lifestyle, Loan, Mortgage, Property | February 23, 2016
Why Refinance Your Home Loan?

If done properly, refinancing your current home loan can save you thousands of dollars over the course of your loan in repayments. To find out how to get more out of refinancing your home loan follow this guide by Loanbrite. According to the Australian Bureau of Statistics, around $4.6 billion of home loan’s were refinanced in just April 2014 alone….

How to qualify for a home loan & maximise your approval chances
Inspiration, Investing, Lender features, Lifestyle, Loan, Mortgage, Property | September 22, 2015
How to qualify for a home loan & maximise your approval chances

Are you one of those people that’s afraid of the big, bad bank manager and hate the thought of asking for a great big home loan? It really doesn’t need to be such a scary process, but to help make things go a little bit easier for you, Loanbrite has some great tips on how you can improve your chances…

Home Loan for Medical Professionals
Investing, Lender features, Loan, Mortgage | August 19, 2015
Home Loan for Medical Professionals

Industry Specialisation and Medico Policies Customers that fall within the Medico Sector and Industry Specialisation Policy have benefits like; – Up to a maximum LVR of 90% may be approved without the need to obtain mortgage insurance – Evidence of 5% genuine savings is not required when mortgage insurance is not required Medico sector policy Included Medical Professions: •General Practitioners…

No genuine savings & no LMI with 15% deposit
Investing, Lender features, Loan, Mortgage | March 18, 2015
No genuine savings & no LMI with 15% deposit

Borrow up to $1 mil for your next home or investment property with no genuine savings and don’t pay any LMI with a 15% deposit. Criteria include: 1. No probation (unless they have moved to a higher paying job in the same industry) 2. Must have clean CRAA 3. No blemishes whatsoever, no late payments etc. 4. No debt consolidation…

Commercial Solar Panel & LED Lighting Finance
Asset Equipment Finance, Business, Lender features, Loan, Mortgage, Property, Technology | March 4, 2015
Commercial Solar Panel & LED Lighting Finance

What Energy Assets can we finance? Solar Systems and Energy Efficient Lighting (LED) are the primary focus. Other energy assets can be considered on a case by case basis. If requesting finance for assets outside of solar systems and LED lighting, please contact us with the following details so a pre-assessment can be conducted: • asset description • unit cost…

How Much Deposit Do I Need To Buy a House In Australia?
Investing, Lender features, Loan, Mortgage, Property | March 1, 2015
How Much Deposit Do I Need To Buy a House In Australia?

It is commonly accepted that to avoid paying Lenders Mortgage Insurance (LMI) on a home loan you must contribute a minimum 20% deposit of the property’s purchase price. A deposit of 20% equates to an Loan to Value Ratio (LVR) of 80%. If your loan is above 80% LVR then in most cases (for example Medical professionals/graduates can borrow up…