Mastodawn

What goes into a Loan Application ?

Here's what lenders want to see:
* 2 recent payslips
* Last 2 years tax returns (if self-employed)
* 3 months bank statements
* ID (passport/licence/medicare)
* Evidence of savings/deposit
* Details of any debts

I handle the application for you & do all the heavy lifting— you just provide the docs.

#LoanApplication #HomeLoan #FirstHomeBuyer #MortgageBroker #MortgageChoice

ash_mortgage_choice May 21

The Real Cost of Buying a Home ?

Your deposit isn't your only upfront cost.

Budget for:
* Stamp duty (if applicable)
* Legal / conveyancing fees
* Building & pest inspection
* Loan application fees
* Moving costs
* Total extra: $3,000 + on top of your deposit

#HomeBuyingCosts #FirstHomeBuyer #BudgetTips #MortgageChoice #Melbourne

ash_mortgage_choice May 20

Why use Broker Instead of Your Bank ?

Your bank offers you their products.
A broker offers you the market.

We work with 35+ lenders — Banks, Credit Unions, Non-Banks — to find the loan that actually fits your situation.

And our service is at no cost to you.
We're paid by the lender, not you.

#MortgageBroker #HomeLoan #FirstHomeBuyer #MortgageChoice #BetterDeal

ash_mortgage_choice May 19

Units Vs Houses — Which Should You Buy First ?

Units:
* Lower entry price
* Less maintenance
* Often better located

Houses:
* Land ownership
* Renovation potential
* Typically stronger capital growth

There's no wrong answer — It depends on your goals, budget, and timeline.

#FirstHomeBuyer #PropertyInvestment #UnitVsHouse #MortgageChoice #Melbourne

ash_mortgage_choice May 18

Lenders Mortgage Insurance (LMI) protects the bank — not you — if you default.

How to avoid it:
* Save a 20% deposit
* Use the First Home Guarantee (5% deposit, no LMI)
* Use a guarantor (family pledge)

There are options. Let's find yours.

#LMI #LendersMortgageInsurance #FirstHomeBuyer #MortgageChoice #HomeLoan

ash_mortgage_choice May 17

Is Your Credit Score Ready to Buy ?

Lenders check your credit score before approving any loan.
What helps:
* Paying bills on time
* Reducing credit card limits
* Avoiding multiple loan applications

What hurts:
* Defaults or late payments
* High card Utilisation
* Too many credit enquiries

ash_mortgage_choice May 16

Can I Buy with a Friend or Partner

Yes — and more people are doing it than you'd think.

Joint applications can increase your borrowing power significantly. But there are things to sort out upfront:

Whose name is on title?
Tenants in common vs joint tenants
What happens if one person wants to sell?

#JointHomeLoan #FirstHomeBuyer #Cobuying #MortgageAdvice #MortgageChoice

ash_mortgage_choice May 15

Saving for a Deposit While Renting? Here's How ??

Paying Rent & Saving for a Deposit is Tough — but it's done every day

Strategies that work:
First Home Super Saver Scheme (FHSS) — save inside super, withdraw up to $50K
Automate savings the day you get paid
Review subscriptions & spending leaks
Explore guarantor options (family pledge)