Before a Lender can grant you a loan (or sell you a product on credit), they must ensure that you have the ability to pay the loan back at a later date. If you do not have the capacity to pay the loan back, the credit provider will not be able to approve the loan you are requesting.
Your credit report provides lenders a summary of your credit history. How good you are as a borrower. It helps them assess the risk of lending to you.Read More
The investment and home loan market is in a state of flux. This article will run you through the latest news on the home loan as at September 2018.
Over the last couple of weeks, there have been a number of announcements that lenders will be increasing their home loan rates without waiting for the Reserve Bank of Australia (RBA).
This is due to the fact that the RBA’s official cash rate is still sitting at 1.50%. Please keep in mind, this is the lowest it has ever been.
The rate increases are mainly on variable rate home loans at this stage. However, we expect to see an increase in all mortgage rates in general as Lender’s cost of funding is starting to rise on the back of movements in the global economy.Read More
Changes to lending regulations are forcing banks to change the way they assess requests to switch or extend Interest Only repayment periods. These changes effect customers who want to extend Interest Only repayment periods, as well as those wanting to switch from Principal and Interest to Interest Only repayments.
In the past, CBA customers would simply call the bank and request to switch to Interest Only repayments over the phone. Customers were also able to change their existing loan from P&I to IO over the phone. Other banks applied a very similar process when customers requested to switch to or extend Interest Only terms.Read More
Is it time for a renovation? Have you thought about whether you will continue to live in your house or move out during the renovation process? It is a good idea to list down the pros and cons before making a decision.
Live In Your House Or Move Out? Advantages Of Staying In Your Home
It’s nice to think there won’t be too many changes and disruptions during a home renovation, but what are the real advantages of renovating and being able to live in your house in the middle of a renovation?
Are you considering buying a residential investment property? You need to consider a few key points before making your offer.
We’ve got 9 tips to help you in choosing an investment property. What to do and what to avoid in order to steer clear of any potential difficulties and ensure success in your next investment purchase.
The process starts with knowing your goal. When choosing an investment property, it is vital that you understand your financial objectives. The financial elements should be your key focus to purchasing an investment property, rather than the actual property itself. You will need to decide first on what your investment goal is, AND THEN create a plan to achieve it within a realistic time frame.Read More
Lenders are constantly adding new products or features to their existing loan products to entice customers and build their market share in different niches. This article will run you through the different specials that are available on the market as at August 2018.
Lenders are currently trying to transition Borrowers towards Principle and Interest Loans. And with the property market cooling over the winter months, there are a number of new lending restrictions to boot.
There are number of offers aimed at different segments of the market from First Home Buyers to Investors with both variable and fixed rate options to choose from. For customers looking to refinance, please be aware of the newer, more onerous lending criteria being applied to new loans. Your lending capacity may have been greatly affected since the last time you sought finance.Read More
Norman Suryadi was outstanding in helping us to get a mortgage for our first home. He is a great broker with very good insight into... read more -
Highly recommend Onesite finance specially Norman to everyone. The most responsible, caring, punctual, reliable person we dealt with in the whole mortgage process. If you... read more -
Liz has been our mortgage broker since 2012. We appreciate her help in getting us the loan for our various property purchases, restructuring our loans... read more -
Liz has been excellent to deal with. She is highly knowledgeable on home loan products and which ones suited me and my personal situation best.... read more -
Liz was amazing! She explained everything very thoroughly and always kept us in the loop with various steps. She helped us with our land and... read more -
We were extremely impressed at the effort and time Liz was able to provide in assisting us with a construction loan through 2018. She was... read more -
We have been working with Liz for over 10 years as a mortgage broker with loan financing and re-financing and I always appreciate her updates... read more -
I found OneSite through an online search as I wasn’t happy with the previous mortgage broker I engaged to buy my first home. Liz and... read more -
My wife and I have enlisted Liz Zaki to co-ordinate multiple home loans over the last 12 years. We have always been impressed with Liz's... read more -
Liz and her team are fantastic. They have helped me through buying multiple properties and it has always been a great experience. Liz has deep... read more -
Liz is one of the most professional and results-driven financial service provider I've ever worked with.
My partner and I applied for a new home loan... read more -
Liz is a super efficient and helpful broker. She was available 24/7 to answer any of our questions which I am sure you will not... read more -
My partner, Daniel and I couldn't be happier with the exceptional service we received from our our broker, Liz Zaki. Liz went above and beyond... read more -
I have had the pleasure of working with Liz when purchasing 2 different properties. Her attention to detail & efficiency are second to none! I... read more -
We are first-time home buyers and had an excellent experience working with Norman getting finance our first home. He was extremely meticulous explaining the options... read more -