We have an option to assess your capacity to repay by reviewing the business and home lending that is being replaced or refinanced, checking to ensure the commercial loan being refinanced has had no late payments over the past 12 months, and that any individual associated with the lending has had no late payments on any consumer facilities (including the…
Australian businesses have had a very rocky start to 2020, to say the least. Businesses were still recovering from the impact of the bushfires are now having to face cancelled events, dwindling customers, reduced rental income and supply chain disruptions as a result of the COVID19 outbreak. It’s taking a real toll on companies, particularly SMEs. While there are an…
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…
In order to qualify for any of the First Home Buyer special offers: · Customers must be eligible for a government First Home Owner Grant and/ or First Home Buyer government stamp duty concessions (refer to www.firsthome.gov.au for eligibility details) · Customers must apply for a new Owner Occupier loan for the purchase of a property between 4 March and…
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…
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….
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…
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…
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…
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…
