News
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First Home Loan Deposit Scheme
- November 21, 2019
- Posted by: Streamline Finance Services
- Category: Finance
No CommentsSo a lot of people have been asking me about this new government scheme that will allow first home buyers to buy with a 5% deposit. They have been asking me how this works and how much would they save. Below is an example on savings made by using the scheme If you are a
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Changes that could make borrowing easier
- May 23, 2019
- Posted by: Streamline Finance Services
- Category: Finance, Home Loans, Interest Rates, Lending
So to give you a bit of background about 2 years ago APRA who is a government regulator forced the banks and lenders to use a minimum rate for their servicing of 7%. This means that when we look at your capacity to borrow we will use a rate of 7-8.5% on any new borrowing
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3 steps to making the home loan approval process easier
- March 18, 2019
- Posted by: Streamline Finance Services
- Category: Finance, Home Loans, Interest Rates, Lending
Get started early: Meeting with a mortgage broker will allow you to know how much you can borrow, how much of a deposit you need and what is your maximum purchase price. It is recommended that you do this before you start looking so you know all the facts. Allow extra time: When you
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