Frequently Asked Questions
Buying a house, getting a mortgage, managing a home loan and specialist services.
Contents
Buying A House
- How does a sale by tender work?
- What conditions should I put in my offer?
- Is there a standard due diligence clause?
- What is a closed tender?
- What is a conditional offer?
- What is an unconditional offer?
- How does a private sale work?
- How does an auction work?
- How does settlement work?
- How much can I borrow to buy a house?
Getting A Mortgage
- What is a mortgage?
- What is a pre-approved home loan?
- What information will you need from me?
- After I've completed my loan application, what happens next?
- What are the benefits of having my finance pre-approved?
- Can I have more than one pre-approved loan?
- What costs could be involved in buying a house?
- How do I know that my bank is doing the best for me?
- Is life insurance compulsory with a mortgage?
- What is Lenders Mortgage Insurance (LMI) and will I have to pay it?
- Why is the priority amount much higher than my loan amount?
Managing A Home Loan
- What is a fixed interest rate?
- What is a floating interest rate loan?
- What is revolving credit?
- What is the benefit of revolving credit?
- Who is likely to want revolving credit?
- How should I manage revolving credit?
Specialist And Value Added Services
- What is involved in refinancing my mortgage?
- Can I avoid paying penalties to refinance my loan?
- Will I pay a break fee to repay my loan early?
- Will debt consolidation save me money?
- Can I use a debt consolidation loan for unpaid tax?
- Will a poor credit history disqualify me?
- What is the LVR for a standard residential apartment?
- What is the maximum LVR for a serviced apartment?
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FAQ & Guides