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Posted in Mortgages and Finance
Buying a Property? Here's a List of Documents Needed For Your Mortgage Application
Posted by Dean McKinnon
on 21 January 2015
It's a common question - 'what do we need to complete our mortgage application?'. Usually, time is critical, as the finance clause on the purchase contract is only two weeks.
Of course every borrower's circumstances are different, and different mortgage lenders require different information (I just realised that's a lot of 'different'), but here's a list that will give you a good start:
Copy of the Property Purchase Contract (the signed copy...
| Posted in:Mortgages and Finance | 0 Comments |
Home Loan 4.68% Variable Rate Offer Extended to 30 January 2015
Posted by Dean McKinnon
on 5 January 2015
I recently arranged a mortgage loan for a client to purchase their own home, with a variable annual interest rate of 4.68%, linked Mortgage 100% Offset Account, and NIL Application Fee. The lender has now confirmed this special rate offer will be extended to Friday 30 January 2015.
This loan rate is not an introductory rate, and is based on a margin discount to the standard variable rate, which means the interest rate will be lower than the standard rate during the entire loan term - a...
| Posted in:Mortgages and Finance | 0 Comments |
Solution for Obtaining Home Loans Using Family Gift as Deposit
Posted by Dean McKinnon
on 30 September 2014
I have had several recent enquiries from clients requiring home loans, but have not been able to obtain a mortgage loan as part, or all, of their deposit had been 'gifted' to them by their family. Some lenders won't accept the family 'gift', so below is a summary of a solution I recently developed for one of my clients.
??Scenario
The client wanted to buy their first home, with a purchase price of $316,000
The client demonstrated their ability to meet ...
| Posted in:Why Dean is a LegendMortgages and Finance | 0 Comments |
>| $1,000 Cash-Back for Finance Settled in September 2014
Posted by G. Dean McKinnon
on 10 September 2014
We have a new cash-back offer for all finance deals settled by 30 September 2014 - details follows:
$500 Cash-Back for Amount Financed $50,000 to $75,000
$1,000 Cash-Back for Amounts Financed $75,000+
Offer is subject to approved applicants only, and the finance must settle by 30 September 2014.
| Posted in:Why Dean is a LegendMortgages and Finance | 0 Comments |
Negotiating Property Purchase for Client
Posted by G. Dean McKinnon
on 12 August 2014
Today, I started the process of acting for a client for the proposed purchase of a commercial property. Following is a list of reasons why appointing an independent representative to act on your behalf, when negotiating the purchase of a property, may help you make the whole process a lot less stressful:
The independent representative usually does not have an emotional or financial stake in the transaction, which may increase your chances of achieving your budgeted purcha...
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