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The Ins & Outs of Home Loans
This section’s designed to shed some light on the home loan process and different, less traditional strategies that people have started using to make the goal of purchasing property a more obtainable one.
We’ll introduce you to the questions you’ll be asked during the loan application process, how to use home loan health checks to save money, and how to apply for a loan with either a guarantor or a co-owner.
Please select from the following items:
1.
Home Loan Health Check
Use this page to reassess your household finances and perform a health check on your current loans. Are there new ways for you to save money or pay your debts off faster? Find out here.
2.
Guarantors & Home Loans
Have your circumstances led you to lack the equity required by lenders to secure a home loan? Well, that doesn’t have to be the end of the story. This page explains how a person can be used as a guarantor, and provides insight into who most lenders will accept as a guarantor on a loan application.
3.
Co-ownership: How to Purchase a Property With Friends & Family
With property prices experiencing double-digit growth in many areas throughout Australia in 2009, some of us have been ‘priced-out’ of the areas we’d prefer to live in. In fact, the great Australian dream of owning our own home is now much harder to reach than it was for our grandparents. So how about purchasing property with family members or friends? Learn the in’s and out’s of becoming ‘tenants-in-common’ with this page and how to drop the barriers to entering the property market.
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