Servicing policy refers to a set of criteria lender uses to determine how much you can borrow. The criteria is based on lender’s risk appetite and recommendations by regulatory bodies like APRA and ASIC. Different lenders will have different servicing policy which can affect how much you can borrow. Here are a couple of factors which can impact on your borrowing capacity
It is important to speak to a mortgage specialist because they will be able to see if your financial position fits into the lender’s policy.
We remove all the guess work and help you get approved faster.
Read Article
What is a guarantor? A guarantor is a person who offers their property as an additional security for the borrower’s home loan application. The guarantor...
Read More
Read Article
What is LMI? Lenders Mortgage Insurance or LMI, as the name suggests, is insurance for lenders. Lenders hedge their bets on all loans by using...
Read More
Read Article
Bank interest rate movements for July 2019 The cash rate has been cut for the second month in a row! The RBA just announced yet...
Read MoreWe’re experienced in finding the right home loan for you. Connect with one of our mortgage specialist for personalised help.
We appreciate your time enquiring with us. We’ll get in touch within the next 24 hours!
Any calculations or estimated savings do not constitute an offer of credit or a credit quote and are only an estimate of what you may be able to achieve based on the accuracy of the information provided. It doesn’t take into account any product features or any applicable fees.
*2.99% Interest rate based on an Owners Occupied, Principal and Interest, 3 years fixed period, minimum loan size of $300,000, maximum LVR of 80%, over a 30 year term. Eligibility subject to servicing requirements, contact one of our specialised mortgage brokers for more information.
^4.19% Comparison rate based on a loan of $150,000 over a 25 year term. WARNING: The comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Costs such as redraw fees or early repayment fees and cost savings such as fee waivers are not included in the comparison rate but may influence the cost of the loan.