Buying and Selling at the Same Time
Buying your next home while selling your current one can be exciting, but it also requires careful planning. Below are key points to keep in mind to ensure a smooth process.
How To Lower My Mortgage Repayments
Remember, a mortgage can run for up to 30 years, and your income is highly likely to change over that time due to any number of circumstances. Fortunately, you can take some steps to lower your mortgage repayments in a crisis.
What Is Acceptable Identification?
We must provide copies of the following documents with applications to any lender, some require more than others but as a standard we must provide these.
What Is LMI?
Lenders Mortgage Insurance or LMI is insurance that a lender takes out to insure itself against the risk of not recovering the outstanding loan balance if you, the borrower, are unable to meet your loan repayments and the property sells for less than what is outstanding on the balance.
What Is SMSF Lending?
When it comes to being ready for retirement there are two types of Aussies, those that like to ‘set and forget’ their investments and those who take charge of their investment strategy.
The Main Challenges to Purchasing a Property
Navigating The ATO Portal
Getting the documents your lender needs can be confusing, this step by step guide will hopefully assist with getting what we need to ensure your loan application goes smoothly.
New vs Old For For An Investment Property
When deciding between a new home and an old home for investment purposes, there are pros and cons to each. Here’s how they compare, and we are happy to discuss these with you at any time.
What Is Insurance Certificate of Currency?
An Insurance Certificate of Currency (CoC) is required before your lending can settle, so you will need to provide a new lender with evidence that the property is adequately insured.
What Is LVR?
At some point in your journey to home ownership you will come across the term ‘LVR’ or Loan to Value Ratio. So, what does that mean and how does it affect you as a home buyer?
What Is Stamp Duty?
Stamp Duty can be one of the biggest upfront costs of buying your home, so what exactly is it and can you estimate how much you might have to pay?
Signing Your Documents Using Digital Technology
The majority of lenders today will offer digital options for signing your documents, this is a safe and convenient way to get things completed and back to the lender with a minimum of fuss.
Separation and Your Finances
Navigating a relationship breakdown can be overwhelming, especially when it comes to dividing assets. This checklist is designed to help you stay organised and ensure you’ve considered the key financial steps.
What Is Section 27?
The Section 27 of the Sale of Land Act 1962 (Victoria) allows a vendor to access the deposit paid by the purchaser before settlement, provided certain conditions are met. This is commonly referred to as an “early release of deposit.”
What Does It Mean To Have Bad Credit?
So what exactly is bad credit? Well there are a few different kinds of bad credit, and all of them will have you struggling like you’re trying to put on a pair of jeans straight out of the shower when it comes to borrowing money in Australia.
What Is Self-Employed Lending?
There is no denying that banks and lenders will look at your application differently if you’re a business owner or self employed. If you are an employee a lender will only need evidence of that and your personal financial details to make a decision on lending.
Who Are Illion BankStatements?
When we send out our “Hello” email to you with a list of things we need, you’ll notice a link to BankStatements.com in the email. For those of you that asked, here is a little bit of information about them.
CONTACT
Joshua Trevitt
Ronda Trevitt
Admin Team
ADDRESS
JT Home Loans
20/107 Wells Road
Chelsea Heights VIC 3197
PO Box 12040
Carrum VIC 3197
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