Home Loans Articles

What to know when applying for a home loan while pregnant

Preparing for a baby is stressful enough without throwing a home loan into the mix. But being armed with the right information about applying for a home loan while on maternity leave may help.

Checklist of documents needed for a home loan application

It pays to be prepared while applying for a home loan. Find out which documents you will most likely require while applying for a home loan to enjoy a seamless application process. 

What size home loan can I afford?

Buying a new home is a big decision, and is one of the most expensive investments of your life, too. But before you even start to look for that dream home, you should find out how much you can borrow. This will help you narrow down your search and get an idea of what your repayments will look like in the future. 

Can you get two loans on your home?

If you’re considering taking out a second mortgage on your home loan, there are a lot of pros and cons to consider. Learn more about the benefits and risks involved.

What to do if your home loan is denied

There are several reasons you may have been denied a home loan. Here are some steps you can take if this happens to you.

Aussie lenders now offering home loan rates below 2%

At the end of June, the 2 per cent barrier was broken and several lenders have joined the sub-2% club since then.

Can I still sell my house in foreclosure?

If you miss your home loan repayments, the lender can take you to court and repossess your home. However, you can choose to sell your home before this happens.

Can I get a bad credit home loan with a co-signer?

If you have a bad credit history, a co-signer can help you get a home loan. However, they need to be aware of the risk involved, as they may need to repay the loan if you can’t.

What does “conditionally approved” mean for a home loan?

Some lenders offer conditional approval for a home loan, giving you an idea of how much you can borrow. This, however, doesn’t mean the home loan is approved.

How long does home loan approval take?

You’ve found your dream home, put in an application for a home loan and now are wondering how long a bank takes to approve the home loan. Well, that depends on several factors and the right documentation.

What you should know about hobby farm home loans

Hobby farm home loans aren’t the same as loans for residential properties in a city. You may need to find a specialist lender and also check the loan terms.

How to get a home loan with bankruptcy discharge?

Declaring bankruptcy can severely hamper your credit history. But, can you apply for a home loan after being discharged? Learn how to get a home loan with a bankruptcy discharge. 

An insight into private home loan lenders

If you find it difficult to access a home loan from regular lenders, private lenders may be an option. Understand how private lenders work and the pros and cons of this alternative.

What you need to know about taking out a mortgage for a vacation home

You may be interested in buying a holiday home for the dual benefits of rental income and future vacations. But you must carefully consider the pros and cons of holiday home loans to decide if this is a smart investment decision.

Why do I need a home loan exit strategy?

If things don’t turn out the way you expect, you may need another way to pay off your home loan. That’s why lenders often ask for a home loan exit strategy.

Can I apply for a joint home loan with my spouse if I’m not working?

Sometimes, applying for a home loan with your spouse may be necessary if you’re not earning your own income. However, lenders may prefer that the wage earner alone apply for the loan.

Standard home loan eligibility criteria

By understanding the eligibility criteria for mortgage approval before applying for a home loan, you can increase the chances of your application getting over the line.

Will a personal loan affect a home loan?

A personal loan can affect a home loan application positively as well as negatively. Consider checking your credit score and borrowing power to find out how.