Hornsby resident, Kylie asks “My partner and I are looking to get into the property market next year, and were wondering if we would be exempt from having to pay stamp duty? We’re first home buyers living in Hornsby NSW“ Great question Kylie, and one that’s certainly worth asking because… Read more
Sunshine Coast resident, Danielle asks “I’m interested in applying for a home loan, and am somewhat confused by what LVR means? What does it mean, and how is it calculated?“ LVR essentially means loan to valuation ratio. Basically, it’s the loan amount divided by the value of the property. So,… Read more
Neutral Bay resident, Greg asks “I currently live on Sydney’s North Shore, and love the lifestyle but can’t afford property here. I’ve heard of the term rentvesting as an option. What is rentvesting and how does it work?“ Great question Greg. As property prices continue to rise, we’re seeing more… Read more
Brisbane residents, John and Chloe ask “My girlfriend and I are looking at various house and land package loans. What sort of advice could you give us to make sure we make the right decision and also to ensure we’re eligible and get approved quickly?“ We do a lot of… Read more
Gold Coast resident, Jason asks “Can you get a home loan with a casual job? I’ve been told that after the GFC this is no longer possible. Is this true or are there lenders that accommodate casual employees?“ Getting a loan as a casual employee isn’t as straightforward as if… Read more
Forest Lake resident, Mark asks “If I’ve been late with a number of personal loan repayments, can this affect my credit rating later on?“ In the past, Australia has had a negative credit reporting system, and what this basically means is that on your credit report all that would be… Read more
Sydney resident, James asks “Where does Mortgage World Australia see the property market heading over the next 3 years“ Predicting the future growth or decline in Australian property markets is a favourite pastime of various newspapers and the media. When the media are required to produce newsworthy content a ‘doomsday… Read more
Erina resident, James asks “My partner and I are interested in a property at Terrigal on the Central Coast, however it’s just above what banks will lend us. How can we increase our borrowing capacity?“ This is a common question because we often find that when people apply for… Read more
Jindalee resident, Katrina asks “I’ve been told that lenders have changed the way they look at living expenses recently, and take things like Foxtel and Netflix into account. Is this true?“ Yes Katrina, things have really changed over the past few years, and even things like going for lunch… Read more
Wetherill Park resident, Lou asks “My bank said I can’t borrow the amount I need. They know I can afford it. Will another lender give me the money I need?“ In the last couple of years, lending criteria has become far more stringent mainly due to the regulatory pressure… Read more