The first home purchase stimulus policy in NSW under the current epidemic
We share our thoughts and the latest credit market trends with our clients through weekly news updates. At the same time, you can make an appointment with one of our friendly, professional consultants to answer any questions about your loans and financial situation. We will help you structure the most suitable loan plan.
We save you time, money, the stress, and we take care of you.
What type of home loan services do we offer ?
Why should you choose KBRZ home loan products ?
What do you need to prepare for your home loan ?
1. Conditional approval
We suggest that you get your conditional approval/pre-approval from a lender before buying the property, to get a better idea of your debt capacity and reduce the likelihood of denial.
2. Valuation report
What is the market worth of your property from the bank’s perspective? It provides peace of mind having a professionally certified valuation of your property and the maximum loan amount you can borrow before applying for your home loan
3. Credit report
What is your credit score? A credit score is part of your credit report which will be automatically generated for if you have ever applied for a loan in the past. You are able to get a free copy of your credit report once every 3 months. Knowing your credit score is highly useful as it enables you negotiate for better terms with your lender and regularly checking your credit score( ie once a year) can help you identify any strikes against your credit due to mistakes such as accidentally missing a payment and resolving it early so that it doesn’t catch you by surprise when you apply for a loan in the future.
Contact these credit reporting agencies for your free credit score and credit report:
4. Are you in good financial health? We can check your current home loan health
Do you realise that you might pay more on your mortgage? Do you know current promotions from another bank can save you thousands of dollars? Do you know that your current property can be revalued to get an equity loan. You can use this equity for renovation, invest in shares or invest in another property?
Do you know that the mortgage will be transferred by the borrower to another bank within 3 to 4 years on average in order to save the money on interest payments.
We highly suggest that each client contacts us every 2 or 3 years to understand the latest market information. It will allow us to assess your current situation to make sure your interest payment is still reasonable.
Please call us on 1300 588 978 or enquire online and we will work out a loan plan for you.
For off plan property, it’s suggested to prepare 2-3 months before settlement. Existing property purchase usually settles in 42 days, thus pre-approval is highly recommended which takes 2-3 weeks from submission to approval.