Home Loans

Hunting for a property is exciting but is not always the most difficult part of the property purchase journey… Once you find the property you are after, there are 8 things to do before signing the contract of sale.

This ensures you minimise your loss if you don’t end up proceeding with the purchase, and you ensure there are no unanticipated issues before settlement day.

We cover what to do:
– While you are searching for the property
– When you find a property you like
– What to negotiate once a price is agreed
– While reviewing the contract of sale

On Friday, 20 November 2020, the team at OneSite Finance was thrilled to win PLAN Australia’s award for Excellence In Business – Customer Service for NSW/ACT for 2020.

As with everything in 2020, PLAN Australia’s Awards Night was held remotely! But not to be outdone, the OneSite Finance team had their own party in the office.

The team was commended for their exemplary service during 2020 with all its challenges, as well as leading up to it.

Building your home can be a long and challenging process. This is in no small part due to the land and construction loan process. 

This guide outlines the journey you will go through. From purchasing the land to constructing your dream home. This article will show you what to do at each step. What to ask for. What pitfalls to steer away from.

The guide will also go through the different steps involved in the land and construction loan process. This is the process of obtaining finance to complete your home building project.

Are you thinking of upgrading your home? Many clients want to know what to do when they want to move homes.

Can you keep your existing home as an investment and buy a new one? Should you sell your existing home first, and then buy?

Should you buy first, and then sell your existing home to get the best return? Do you need short-term bridging finance to make this happen?

This video will walk you through the different strategies you can use when upgrading your home. Each strategy has its own pros and cons.

One of the things you need consider when looking for a home loan is whether or not to use a fixed or variable interest rate based home loan product.

To fix, or not to fix… That is the question.

Shakespeare aside, this is one of the bigger decisions you need to make when you’re looking to get a home or investment loan.

Whether you are a first home buyer or a seasoned property investor, there are a number of things to consider once you’ve decided to fix. Things like:
– How much of your home loan to fix
– How long to fix your interest rate for

If you are working in certain professions, a number of banks or lenders are willing to waive the LMI premium for you. These lenders may lend without charging the Lender’s Mortgage Insurance (LMI) fee if you have between 10% to 20% deposit depending on certain qualifying criteria.

Lenders and banks may waive the LMI for accredited professionals in the accounting, finance, legal and medical industries depending on a number of criteria.

Some people have lost their jobs. Some have had their businesses shut down. Others have had their wages reduced. If you are financially impacted by COVID-19, we have created this article and accompanying video to walk you through the options put together by the different lenders.

Almost all bank’s home pages now have a link which will take you to their financial assistance policies if you are impacted by coronavirus. This article will walk you through the main options you have, along with the pros and cons of each option.

One of the most common questions we get is; how do I get a lower interest rate on my mortgage?

In this video, Liz Zaki will walk you through the 6 factors that help answer this question. There are 6 factors that govern how easy it is for you to get a lower interest rate on your mortgage. They all apply equally.

1 – Loan Purpose

Is the mortgage or home loan in question used for your primary place of residence? Or is it used for an investment property?

The mortgage market in Australia can be very complicated. With that in mind, here are the top 7 reasons to use a mortgage broker next time you want to find a new home loan.

Most mortgage brokers have access to a huge range of lenders. They should be able to provide you with a huge choice of rates and mortgage options. With partnerships in a vast array of lending institutions, including banks, credit unions, trusts, national and regional lenders, and non-traditional lenders, a good broker will be able to help design the perfect mortgage for you.

One of the common problems that home buyers face is not having enough cash to guarantee for their purchase.

Sometimes you can’t unlock the equity in an existing asset such as your home or investment property. Sometimes times you don’t want to use extra / bridging finance such as when you’re trying to sell and buy at the same time.

Sometimes you aren’t able to get the funds together quickly enough to secure the new property. This often happens when you want to go to auction or when you have to act quickly on a private treaty sale.