Essential Guidelines for obtaining 95% Loan to Value Ratio (LVR) Mortgage Loans

The Australian finance industry is experiencing the re-immergence of 95% LVR mortgage loans with tighter lending conditions. 95% LVR mortgage loans mean that you can borrow up to 95 % of the market value of the security property.

Lenders/Credit Providers carefully judge you for the Loan

If you are considering applying for a 95% LVR mortgage loan, it is extremely important that you put forward an impeccable loan application to the lenders/credit providers. There are a number of common reasons that can reject your loan application, such as:

• Having numerous credit checks performed on borrower’s credit files

• Having defaults registered against their name

• Having high credit card debts or personal loan debts, etc.

• Having recently changed jobs and still being on probation, or

• Having recently changed industries

Useful Tips to Help You with Your 95% LVR Home Loan Application

Deciding to purchase a property and then trying to apply for a 95% LVR home loan will be one of the most difficult and most costly financial decisions you will make in your life. You will need to carefully consider a number of factors, such as:

• Are you looking to buy a house, villa, unit or vacant land?

• What area are you considering for purchasing your property?

• What amount are you willing to pay for the property?

• Do you have enough funds available to cover stamp duty, legal fees and other related costs (e.g. removal costs)?

• Will the property give you a good capital gain over time?

• Is there suitable infrastructure nearby (e.g. schools, transport, shops, etc.)?

You will also need to consider a number of additional factors, such as:

• A minimum of 5% of the purchase price of the property in Genuine Savings (i.e. not a Gift from a family member), but a genuine demonstration of your ability to save.

• Keep all your monthly payments up to date (e.g. your mobile phone bill, electricity bill, car payments and credit cards)

• You need to be aware that Lenders Mortgage Insurance (LMI) premiums will increase if you borrow more than 90% of the market value of the property

• Some lenders will allow you to capitalise up to 2% of the market value of the property for Lenders Mortgage Insurance (LMI) and which they will add to the loan amount

Obtaining the right home loan package is a time-consuming process. So, it is always advisable to employ the services of a finance expert. He/she will help you in calculating your borrowing limit, interest rate and monthly repayment amount. You can contact a reputed finance brokerage firm and take help of its home loan experts. Make sure that the firm is aware of the standard requirements for obtaining 95% LVR mortgage loan.

So, next time you apply for a home loan package, follow the tips and suggestions mentioned in this finance guide. It will make 95% LVR home loans a reality for you.

If you are looking for a home loan expert, your search ends here. Contact Singh Finance. Its team of professionally qualified finance brokers will help you in obtaining easy approval on 95% LVR mortgage loans. Enquire online now and enjoy cheap finance today.

Answer to your every Australian Residential Finance Question is here

Want A Residential Finance Loan? There Has Never Been A Better Time Than Now

Whether you are a home owner, investor, first-time home buyer, or even someone ready to start your renovations or construction project this the best time for you to apply for your Residential Finance loan approval - Does this sound too good to be true? You cannot be more wrong. The current lower interest rates in decades situation favors you and many other Australian consumers.

When is the Best Time to get Residential Finance Approval?

Believe it or not, now is the best time to start thinking about a Residential Finance loan approval, you can take advantage of the lower interest rates. So don't wait anymore. If you are Self-employed or PAYG and you fit any of the following loan types. The time is now:

>> Owner Occupied residential purchase
>> Residential Investment purchase
>> First-time Home Buyer
>> Renovations, Extensions and Construction purpose
>> Refinance of your existing loan
>> Debt Consolidation of existing debts
>> Restructure your loans with current lenders/credit providers

Too Busy and Stressed Out to Get Your Own Residential Finance Loan Approval?

Are you someone who hasn't taken advantage of the lower interest rates in decades, because you are too stressed out, and you do not have the time to run around looking for your own residential finance loan approval? Well, you are not alone. Most Australian consumers don't want the hassle of liaising with lenders/credit providers to get the best possible residential finance loan approval and at the best price.

Exploring the Best Finance Option and Features to Suit Your Financial Goals

Each lender/credit provider offers different interest rates and loan conditions. Making the situation even more complex, residential finance loans often incorporate many of the following options and features for you to consider:

>> Variable or Fixed rate loans
>> Interest Only or Principal & Interest loans
>> Combination (Split Loans)
>> Line of Credit
>> Offset Account
>> Home- Equity loans
>> Home Improvement or Construction loans
>> Impaired Credit history
>> Redraw option and access availability
>> Non-Conforming loans

Let Singh Finance save you the time and eliminate your stress by helping you to explore the best options and features to suit your financial goals

Get Your Pre-Approval

Choosing a suitable residential finance loan for either your owner occupied security property or your investment property and comparing what is on offer, and finding the right solution for your unique circumstances, can be a time consuming and complex exercise. Because, the wrong loan decision can prove to be a costly mistake.

Singh Finance understands it can be a daunting process to know where, when and how to start seeking a Residential Finance loan. Our professionally qualified finance brokers who are experts in finance will eliminate the stress and time it takes in running around trying to find your own Residential Finance solution package and at the right price.

The first step we will take is to apply for finance pre-approval. A pre-approval gives you a clear picture of what your borrowing limits are and will give you the peace of mind knowing that your finance request has already been pre-approved, and you will know the conditions of your pre-approval.

The Time Is Now!

So, these are the many reasons why getting Residential Finance approval will be easy for you. The current situation is beneficial for homeowners, first-time home buyers, investors and renovators because it provides them access to easy Residential Finance loan solutions. So, don't wait anymore. Get your Residential Finance loan. The time is now!

Why is Singh Finance the Preferred Choice?

Our team of professionally qualified finance brokers has access to numerous lenders, and they are experts in customising suitable Residential Finance loan package solutions and will:

>> Structure your Residential Finance package to suit your individual needs and budget
>> Will help get you the best Residential Finance loan you want in the quickest possible time and without the hassle of running around trying to find your own finance
>> Liaise with the lenders to give you the best possible Residential Finance loan solution package and at the right price

Apply now and become part of a large group of happy Singh Finance clients.

Contact Singh Finance Today

For an obligation free assessment, please contact us today or visit our website and enquire on Residential Finance by completing our "Contact Us" page, on the website, and one of our professionally qualified and expert finance brokers will contact you, to make an appointment at a time and place convenient to you.

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