MORTGAGE BROKER BLOG

Changing Jobs Before Home Loan Settlement: What You Need to Know

Changing jobs before home loan settlement can affect your finance because a lender may reassess your employment, income or ability to meet repayments before releasing the loan funds. A new…

Can You Pay Off a Car Loan Early and What Should You Check First?

You can often pay off a car loan before the scheduled end of the loan term, but the cost and process depend on your credit contract and lender. Before making…

How Does a Rental Appraisal Affect an Investment Loan Application?

A rental appraisal can affect an investment loan application because lenders may use expected rental income when assessing whether a borrower can service the proposed loan. A lender will not…

Do You Need a New Property Valuation When Refinancing?

A new property valuation is commonly required when refinancing because the new lender needs to assess the property’s current value and calculate the loan-to-value ratio. The lender may use an…

Does HECS or HELP Debt Affect How Much You Can Borrow for a Home?

Yes, a HECS-HELP or other HELP debt can affect how much you may be able to borrow for a home because compulsory repayments can reduce the income available for servicing…

Deposit Bond vs Bank Guarantee: What’s the Difference?

A deposit bond and a bank guarantee can both provide a form of financial guarantee, but they work differently. A deposit bond may be used instead of paying a cash…

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