Knowing how much you need to borrow is something you need to know before you commence your property search as it tells you how much you can spend on your new home. Note that many borrowers go a step further and pre-approve their loan before commencing their property search. Your borrowing capacity will vary from lender to lender because lenders use different methods of assessment and different lending criteria, and your personal circumstances, assets, liabilities, number of dependents, and income will play a crucial role in determining the amount that you can borrow.

The total amount of your deposit will affect the types of loans and lenders that are available to you. With fast Repay Home Loan, obtaining and securing a home or investment loan is easier than you think. We have access to home loans that require a minimum deposit and many ways of covering your deposit, including many schemes available, especially for first home buyers, to help you save and cover your home loan deposit. Along with your deposit, you will also have to pay the standard fees and charges associated with your home purchase. If you don’t have all of the additional funds for fees and taxes, there are alternative ways available to help you cover some or all of the fees. Your Fast Repay Home Loan Finance Coach is well-equipped to walk you through the options when you are sorting out your home loan.

You also have the choice of using a monetary gift to assist with your deposit. This can help you bring the loan you require down to a manageable level, and reduce or remove the requirement for Lender's Mortgage Insurance.

The Family Pledge option allows family members (the term ‘family member" refers to parents, grandparents, and siblings) with equity in their own property to help customers bridge the deposit gap and cover up-front borrowing expenses by providing a limited guarantee in support of our client’s loan application. Our clients will be able to maximise the amount they can borrow against their own security, i.e., purchase property, with this additional limited guarantee from a family member. The guarantee is to be supported by a registered first mortgage over the family member's property or a registered second mortgage.

If your cash is locked up or you are unwilling to use it, deposit bonds are a cost-effective and time-efficient alternative to a cash deposit. It is a guarantee to the vendor equal to the amount of the deposit required. Deposit bonds can help you improve cash flow by allowing you to retain the cash for the period your deposit bond covers—generally anywhere up to about 4 years.

It’s never easy the first time, your Fast Repay Home Loan Finance Coach is able to guide you through the settlement procedure so you don’t get lost or overwhelmed during the steps and process involved in buying your first home. From the First Home Owners Grant right through to the last repayment on your home loan, we will give you the guidance, advice and support throughout the life of your loan.

The FHOG provides assistance to Australian citizens and permanent residents when building or purchasing their first home. The FHOG is tax-free, it is not means-tested, and there is no upper limit on the value of the property purchase. To receive the FHOG, each applicant must comply with the eligibility criteria. Criteria for qualifying applicants and properties vary in each state and territory.

Equity loans allow you to access the equity in your property to fund your renovation project. The amount you can borrow is subject to the amount of equity you have built up in your property and other serviceability criteria, but as a general guideline, even if you own your home outright, you are typically limited to borrowing a maximum of 90% of the value of your property.

Debt consolidation combines several loans into a single loan, assisting you to manage repayments, reduce interest rate costs, and control your debt. Typically, debt consolidation combines unsecured debts such as personal and car loans, credit card balances, and store card balances into your home loan, securing the debt with your property.

The Low Doc Home Loan is a fully-featured home loan that meets the market need for customers (new and existing) who are unable to provide income documentation to verify their income. Variable and 1, 3, and 5-year fixed interest rates are available.

Non-conforming loans are offered by specialist lenders to people who don't meet mainstream lenders' strict lending criteria. These loans are suitable for many, including older borrowers nearing retirement, who cannot go through with a 25-year loan. This category includes people with a bad credit history, perhaps with a history of late repayments, loan defaults, or who were formerly bankrupt; in addition to new migrants with no borrowing record; seasonal, casual, or self-employed workers.

There are a number of common scenarios that would categorize you as a “non-conforming” borrower. Ironically, many people with inconsistent employment are surprised to find that getting 'mainstream' is more challenging than they thought, as do those starting new businesses. These days, however, if you have the ability to repay, it is highly likely that you can secure credit from a non-conforming lender.

Fast Repay Home Loan understands that circumstances change throughout your life and that life presents you with opportunities that are too good to pass up. Our products can offer you the flexibility that simplifies your life. Whether you need to renovate your home to accommodate your growing family, want to move closer to your child’s school or your partner's work, or simply need a change of scenery, we can help. This includes Short term self-employed: Short term or 'speckled' employment: Borrowers with previously irregular income: Recipients of Centrelink payments or benefits: Defaults, Judgments & Bankruptcy: Tax Debts: Borrowers with large numbers of CRAA enquiries Borrowers with large amounts of consumer debt: Self certified or low document loans