I Know The Broker

BLOG

Loan To Value Ratio’s (LVR’s), Mortgage Insurance and Minimum Deposits – Are all banks the same?

Loan To Value Ratio’s (LVR’s), Mortgage Insurance and Minimum Deposits – Are all banks the same?

Answer: NO I had a lovely young couple come to see me that had a deposit of $40,000. They had found their perfect property for $400,000. Unfortunately, they banked with Bank A, so went to see them in the branch. Excited and nervous, they spoke to bank manager but were declined as they didn’t lend above an LVR of 90% so were unable to cover the mortgage insurance. Disheartened at the thought of continuing to rent and save they came and saw me. You can quickly see from the grap

Declined finance? Don't throw in the towel just yet. Your perfect match might still be out ther

Declined finance? Don't throw in the towel just yet. Your perfect match might still be out ther

You found your dream home, you've pictured the furniture and the children have picked their rooms. You nervously wait to hear from the bank only to be declined. Devastated. This doesn’t have to be the end - don't give up! So many times, it is simply a case of applying with a bank that's policy doesn't fit your current position. Most commonly people go to the bank they’ve always dealt with as this is where they feel comfortable and this makes sense, but it's not always the

Remote Finance - Why face to face appointments are no longer needed.

Remote Finance - Why face to face appointments are no longer needed.

Not everyone has the time to meet with a mortgage broker, and nor should they have to. With the technology available today there is no reason a loan application can't be done via phone/skype/email and utilise technologies such as DocuSign and ZipID to further streamline the process. With life running at a faster pace than ever, finding a time when all parties involved in the transaction can be together can be near impossible. Getting time off work to visit an office or worse

Divorce and property. Brokers guide on FAQs when lending is involved and advice on how to keep the p

Divorce and property. Brokers guide on FAQs when lending is involved and advice on how to keep the p

Google top stressful life events and you are more than likely to find divorce and moving at the top. Divorce, even when you are happy to be moving on is a major stressor in your and your families lives. Going through divorce is often a new journey and presents a lot of unknown territory and questions. I hope to be able to help with the questions you may have that relate to property. When it comes to property settlements during divorce, depending on your situation you may have