What does the bank determine as ‘Genuine Savings’?
What is ‘Genuine Savings’? This is where the lender requires you, the borrower, to demonstrate that you have saved gradually by yourself typically 5% of...
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Should I buy my Investment Property out-of-state?
With property prices in Sydney and Melbourne holding strong (and in some areas, rising further), it can be hard to imagine being able to buy...
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Which Banks are passing on the new rate cut? October 2019
Bank interest rate movements for October 2019 The cash rate has been cut to another record low from 1.00% to 0.75% Again, this leaves Australian...
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Does having a Credit Card affect my Home Loan Approval?
Content: What is a credit card? How does the interest-free period work with credit cards? Does having a Credit Card affect getting a Mortgage? How...
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How to negotiate your first purchase with a Real Estate Agent: Everything you need to know
Buying your first property can be both confusing and daunting at the same time which can make the experience unbearable. Whilst this is general advice,...
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Offset Account vs Redraw Facility: Everything you need to know
What is an Offset Account? An Offset Account is a separate savings account linked to your home loan (both within the same bank/lender) where you can make...
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What is a Guarantor?
A guarantor is a person who offers their property as additional security for the borrower’s home loan application. The guarantor does not need to provide...
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