Insights & Advice

There’s more to applying for a loan than a large chunk of savings. According to Shelley Stone of BOS Financial Services, the credit environment is more complex than it has ever been. As a result, banks are putting applicants under more scrutiny than ever before.

A good broker can provide you with a better understanding of your financial situation, a greater range of loan options, and in some cases access to interest rates lower than what you would get if you approached a bank directly.

In the process of applying for a loan for a property, Loan to Value Ratio (LVR) is a term that is going to come up a lot. LVR is expressed as a percentage, but really, it’s more than just a number. It’s a way of quickly comprehending your position when applying for a mortgage.

Woden Valley is made up of many micro-markets. Buying property in this district requires a close understanding of what each suburb has to offer. Your ideal suburb depends on what you value most — whether that’s affordability, family space, rental potential, or lifestyle access.