We asked our team of brokers to break down some of the most common (and misunderstood) terms you’ll hear when applying for a home loan. 1. Liabilities Liabilities refer to formal ongoing obligations, such as a personal loans and HECS debt, which are separate to day-to-day expenses. Liabilities go on your Veda report (what lenders
Buying & Selling Property
Your lender chooses one of three methods to value properties – electronic valuation, drive-by valuation and in-house valuation. Its decision is based on the estimate you provide and your desired loan amount.
Well, you won’t know that for certain until someone makes you an offer! We can definitely help you know what someone might expect to pay for a house such as yours by running a property search, finding comparable sales and giving you a value estimation. Call 133 866 or contact us via online chat.
Wouldn’t we all like to know! What we can do is offer a free valuation for your target property. Just contact us on 133 866 or via online chat.
A pre-approval or conditional approval from a lender typically lasts 90 days.
Use uno’s Stamp Duty Calculator for a guide on stamp duty costs. Stamp duty is a percentage of the purchase price paid to the state government to process the property ownership transfer. It is a charge that’s payable in every Australian state and territory – Victoria, NSW, Queensland, WA, SA, Tasmania, ACT and Northern Territory
They’re some big questions! Let’s take them one by one. You will generally need at least 10% deposit, which is payable at the exchange of contracts when you begin the process of buying a property. It’s usually paid to the real estate agent, who holds it in trust for the vendor until settlement. This is
No one wants to borrow more than is necessary, of course, but it can be difficult to predict exactly how much you will need. As well as your property’s purchase price, you need to take into account things like house and contents insurance and relocation costs, as well as transaction fees such as stamp duty and