Owner Occupied Home Loan
Owner Occupied Loan process
- Get ready for the deposit;
- Contact us to calculate the loan capacity;
- Apply for Pre-Approval while inspection of property
- Sign the contract of Sale;
- Get loan approved and sign Loan documents
- Settlement successfully
*Some banks has special offers for first home owner, contact us for more details;
Deposit
Some lenders can accept up to 97% Loan to valuation ratio; Terms and conditions apply; Please contact our consultant for more information;
Loan Capacity
Even the same applicant, they will acquire different loan amount from different banks. You can choose the most suitable loan product for you. If you want to figure out which lender can borrow the most amount, please contact us for more information.
Pre-Approval
Pre-approval, or conditional approval, is the fully assessed loan application before entering a contract of sale. The main purpose is to understand the loan amount approved; As long as you satisfy the conditions listed in the conditional approved letter, you will get the unconditional approval from the bank. If you wish to apply for a pre-approval application, feel free to reach out to our loan consultant.
First Home Owner Grant
To be eligible for the grant:
- You must be at least 18 years of age.
- You must be an Australian citizen or permanent resident (or applying with someone who is).
- You or your spouse must not have previously owned property in Australia that you lived in.
- You must be buying or building a brand new home.
- The value of the new home including the land is less than $750,000.
- You must intend to move into the new home as your principal place of residence within 1 year of the completed transaction and live there continuously for 6 months.
Please refer to the local government official website for more information.
In regards to the owner occupied home loan application, please reach out to our loan consultant for more information.
While applying for the home loan, have you encountered the following questions:
- Can I borrow up to 95%?
- What’s the maximum loan amount I can afford?
- Should I choose variable rate or fixed rate?
- I just changed my job, Can I apply for the home loan?
- Can I borrow with no deposit?
- Is self-employed income acceptable?
- Is overseas income acceptable?
- Is Part time job/ Casual income acceptable?
- Is Temporary resident, Visa 820 / 485 / 482 / 489 / 188 etc eligible as borrowers?
- Can I apply for home loan while I’ve a car loan?
- There was a default on my credit history, can I apply for home loan?
- ……
We all have solutions for the above matters!
No matter what kind of problem occurs during your home loan application, please reach out to our loan consultant for more information.