homeloan Archives - Uniik Finance

Buying a home can often be a long drawn out process, where you can sometimes come up empty-handed in the end. A pre-approved home loan can help streamline this lengthy process and protect you from losing out on your dream home. A home loan pre-approval is a prior agreement with a lender to lend you a set amount of money to purchase a home before you have decided on or successfully purchased a home. Getting a pre-approval before beginning your house search has a large number of benefits, both practical and psychological, that make it worth your while.

Narrow Your Search

Getting your home loan pre-approved will let you know precisely what you can and can’t afford before you begin looking for a new home. When you get pre-approved, you are given a set amount you can be provided for your home loan. This allows you to refine your search to properties under that amount, saving you a lot of time that you can use for your property search.

Greater Confidence at Auctions

Knowing exactly how much you can afford to bid at an auction gives you a greater sense of security and confidence when making bids. This allows you to capitalise on any opportunities that present themselves at an auction with the peace of mind that you have already been approved.

Attractive to Sellers

The seller of property gets the same peace of mind you get when you have a pre-approval as they know you’ve already been approved for a loan. As a result, you are a much more attractive option than someone who offers a similar amount but still has to get approved for a home loan before they can purchase the home.

Getting a pre-approval for a home loan can take away a lot of the stress and work of buying a new home. It will give you more time to enjoy the excitement of finding a new home and the joy of purchasing one without the added worry of finances.

Our brokers have extensive knowledge of pre-approvals and can help you acquire one for your next property purchase. If you would like to learn more about credit score, please get in touch with us today.

Getting a home loan is already difficult enough but getting a home loan as a small business owner is even harder. Lenders like to see regular amounts of money coming in as it makes them feel less at risk. When you run a business for living your income can be anything but steady as its directly tied to the ebbs and flows of your business. However, there are some measures you can take to ensure that your home loan application results in a swift and smooth approval.

Have All Your Documents Ready

Your lender will need to see valid proof of your income from the last two years of financial documents. This can include personal and business tax returns, financial statements and a notice of assessment from the Australian Tax Office. Your lender then uses this to assess how well you will be able to service the loan based on your known taxable income.

Get in Touch with an Accountant

It’s possible you may be underselling how well your business is performing. A good accountant will ensure your financial records are accurate reflections of your business’s performance. Any unseen costs or changes in income can be confirmed with a letter from a qualified accountant to your lender.

Work with a Mortgage Broker

A mortgage broker will help you find the right home loan that suits you and your situation. Importantly, they will also negotiate with a lender for you so that any issues that might be an obstacle for approval will be addressed by the mortgage broker.

While applying for a home loan as a small business owner may be difficult, completing these steps will make the process a little easier.

If you would like to learn more about applying for a home loan as a small business owner, please get in touch with us today.

Hans is the most passionate and dedicated person to his work that I have ever had the wonderful opportunity to meet. He strives above and beyond to achieve the best possible outcome for his clients. He always finds the time to make himself available without hesitation and his bubbly personality and exciting nature will bring a smile to your face

YOLANDA christodoulou

I've had the pleasure of using Uniik Finance for many of my purchases, Hans' is always fantastic. He knows the business very well, he's very thorough and diligent to make sure a successful loan and settlement. Highly recommended.

D Dang

What can I possibly say about Hans And my experience with him!
Extremely competitive ,Professional and efficient
I recently refinanced my home loans where Uniik finance who did all the hard work of finding the best possible loan for my circumstances , when I realised my interest rate had become really uncompetitive due to my old lender not passing through rate cuts and even increasing my rates by small bits here and there over the years. By getting Hans to look into my portfolio and moving me to another loan provider who was able to reduce my rate from well above 6% to just 3.82 %, which adds up to a lot of dollars saved every year. The initial application with with Uniik finance was very easy.
There was no hassle and the time involved was well worth the savings!
Hans has been great to deal with, both through the application and with day to day stuff.Thank you again
Highly recommended.

Mena Abdelmessih

Be Proactive with a Pre-Approved Home Loan

Tag: homeloan

Be Proactive with a Pre-Approved Home Loan

Getting a Home Loan as a Small Business Owner

Have All Your Documents Ready

Get in Touch with an Accountant

Work with a Mortgage Broker