PROPERTY ADVICE CENTRE - FINANCE
These are the main articles providing you with the informarion you need to be informed about all aspects of property finance and costs. Remember to also read our widely acclaimed blog for a lot more information if you need it. If anything is troubling you and you did not find the answers you were looking for then please diirect the question to us via our feedback form or otherwise just contact us and we will provide you with the answers and assistance you need.
Your
know you need one but what exactly is this thing they call a mortgage
bond?
A
mortgage bond is the only way to secure property as security for a
loan. There are a few basic that you need to know
Finance
for the Self Employed is a little different from just earning a normal
salary
Read
this section to make sure you are fully prepared for your bond
application if you are self employed and not earning a normal salary
Why
use a Bond Originator instead of going direct to your bank? Whats the
difference?
Bond
originators have emerged as a major property finance player over recent
years and continue to be the first choice of many
Choosing
a Lender when buying you property is your right and a wise choice your
duty
Gone
are the days of simply getting your bond from the same bank that you
have your cheque account with - the options are open!
FAQ
on Property Finance. Some answers to the most common questions buyers
ask
While
your own situation might seem complex, there are common issues which
arise with all buyers and these are answered here
Using
Debt Counselling in a crisis is the recommended option rather than give
up
Get
the advice you need on using debt counselling and the options available
to you when in the midst of a dire financial situation
Understanding Voluntary Liquidation and considering this route as an option
Sometimes
one's financial situation becomes unsolveable. In these cases, not even
Debt Review will help and this then might be an option
How
much bond can you afford? How much will the banks lend you based on
your income?
Banks
lending criteria are quite strict and they will only allow you a
certain amount. Check our handy table to do your calculations.
Interest
is a major cost of obtaining a bond. Read a little more on this issue
You
can opt for fixed or variable interest rates. You can also most
certainly negotiate between different banks for the best rate.
A
schedule of all the documents you will need when applying for a bond
plus some advice
Its
all about the paperwork and the sooner you have all your documents in
place the quicker your bond application can get processed
Obtaining
a Building Loan is fairly simple but a little different than normal.
If
your plan is to build your own home or do plot and plan then you need
to know exactly how the banks will assess and grant the loan.
Managing
your Finances is critical in ensuring the banks view you in the best
light
Draw
upon years of experience and knowledge in making sure you manage your
finances in a way that makes you look super creditworthy
There
are of course Costs Incurred when buying a home - All the details are
here
Being
aware of exactly what costs you will incur in a property transaction,
helps you plan and make decisions that are informed and correct.
Commissions. Who pays what and who is responsible. How are these actually paid out
There
is a general principle that sellers always pay commission, but there
are times when the buyer might undertake responsibility.
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Visit our Blog for further finance articles and remember to look at our Step by Step Buyer Guide
Go here for Legal Issues
Go here for the Buyer Page
Return to Main Advice Centre
Visit our Blog for further finance articles and remember to look at our Step by Step Buyer Guide
Go here for Legal Issues
Go here for the Buyer Page