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Home Loans

 
 
 
 

 
 

  • Home Finance
  • Line of Credit Finance
  • Bridging Finance (buying and haven’t sold yet)
  • Investment Property Finance
  • Debt Consolidation (refinance that short term unsecured debt)
  • Property Development
  • Refinance to secure a better deal from a different Lender
  • Release equity from your property / cash out
  • Reverse Mortgage (SEQUAL Accredited)
  • Consolidate your business debt into a consumer loan and start saving $$$
  • Personal Car Loans

 
 
Note:
The banks generally assess affordability based on a higher interest rate of 7.40% and based on a P&I basis (Principal & Interest).
 
When purchasing a property in South Australia, government Stamp Duty Fees on the purchase are typically around 5% of the purchase price mark, as a guide (refer to the calculator below for a more accurate figure).
 
 
 

Standard documents required to proceed with a home loan application or pre-approval assessment:

  • Personal Tax Returns & ATO Assessment Notices for the last 2 Financial Years
  • 3 recent payslips
  • Personal Bank Account bank statement of the borrowers (showing last two months transactions)
  • Personal Credit Card bank statements of the borrowers (showing 3 months transactions)
  • Existing Home Loan bank statements of the borrowers (showing last 6 months transactions)
  • Personal Statement of Position and copy of Driving Licence (front & back, for ID purposes)
  • Purchase Contract if applicable
  • Draft Memorandum of Transfer from your Conveyancer (once available)


     
     
     

    Borrowing and Credit Tips

    MoneySmart is an initiative of the Australian Securities & Investments Commission.
    Offering you tips & tools to help you make the most of your money

    MoneySmart Borrowing & Credit Tips
     
     
     

    Agent for Deposit Power

    Deposit Power allows you to purchase a home or invest in property without having to provide the deposit in cash. A Deposit Power Guarantee is a substitute for the cash deposit required when purchasing a residential property - you simply pay the full purchase price at settlement. Both short and long term guarantees are offered to suit any settlement terms.
     
     
     

    Agent for Allianz Australia Insurance Ltd

      Covering General Insurance on:

    • Home Buildings & Contents Insurance
    • Landlords Insurance
    • Comprehensive Car Insurance

     
     
     

    Calculators

    Stamp Duty Calculator
    Loan Mortgage Insurance (LMI) Calculator
    Reverse Mortgage Calculator
     
     
     
    Contact-Mayfair
    Contact-Mayfair