by theotherdimension | May 27, 2024 | Resources
You’ve found your dream property and put an offer in. Congratulations! What next?! This is such an exciting time but can also be stressful if you don’t have an understanding of what happens next. Once you have put in an offer, it is not a guarantee you will get the...
by theotherdimension | May 27, 2024 | Resources
In most cases, banks consider home loan applications with 5-10% genuine savings. So, to buy a house in this day and age, just like the Beetles song, sometimes you just need a little help from your friends… (read that as family, usually parents). Gifted Deposit If you...
by theotherdimension | May 27, 2024 | Resources
Most borrowers must pay lenders mortgage insurance (LMI) if they are borrowing more than 80% of the property value. LMI covers the bank for losses they incur if a default occurs on the home loan. There are some circumstances where this is waived, such as in government...
by theotherdimension | May 27, 2024 | Resources
So, you’ve decided it’s time to look at owning your home. Congratulations! Let’s break down the different features you might encounter on your home loan journey, from variable interest rates to redraw facilities, in a language that won’t send...
