#Preapproval
August 31, 2022
What is Formal Approval ?
4 Min to Read
Formal approval (or unconditional approval) is granted once you have met all of the lender’s conditions, and they are happy that you qualify for a home loan with them.
August 31, 2022
Different titles (Strata, Torrens, Family)
7 Min to Read
A property title contains the legal information about a property and includes details about the land and who the legal owner is, along with data on anyone who has a mortgage on it.In Australia, there are a range of different titles that give the owner different rights to the specific property, the house and the land components.
August 31, 2022
What is a Building & Pest Inspection Report and Strata Report?
4 Min to Read
The goal of a building and pest report is to identify any issues with the property you intend to purchase. The Strata Inspection Report is similar to a building report, however, it reports on the entire building or complex. It is also known as the Strata Scheme.
August 31, 2022
What is Conveyancing? Who is a Conveyancer?
8 Min to Read
Conveyancing is the process of transferring ownership of the legal title of a property from one person to another. It is the process involved in preparing and lodging a range of legal documents in order for the property to officially be settled.
August 31, 2022
What is a Pre-approval?
4 Min to Read
A Pre-approval is an indication from a lender, that they are prepared to approve a loan, based on your income and personal circumstances. A pre-approval is often conditional, depending on a number of factors, including finding a property that meets the lender’s criteria and getting a suitable valuation.
August 31, 2022
Family guarantee loans / pledges
3 Min to Read
A family guarantee allows you to purchase a home, by effectively using the equity in another person’s property as a deposit. The main consideration for you if you choose a guarantor loan is that the person providing the guarantee is liable in the event that you are not able to make your loan repayments.
