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Our complimentary e-book "Preparing for your new home" outlines the issues that need to be planned for when buying a new home. It will assist in making your planning process more organised. It highlights steps most home buyers overlook and explains how our unique software package will help and save you time, money and stress.
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Popular Articles

Below are links to articles covering various important aspects to home buying.

A secret to the buying process.

Tips for preparing a budget.

Financial Planning tips.

7 Points to Costing your new home.

Attention home builders.

8 Points to Costing your project home.

How to cost the extras for your project home.

How to prepare and plan for your move.

Background to Home Buyers Information Guide.

About your Service Providers

6 steps in the Conveyancing Process.

The role of a Finance Broker.

Financial Planning Tips.

Credit Card Limits

  • When a loan Application is assessed it takes into a/c your credit card & store card limits. This is regardless of whether they are used or not. It means that this credit is available and could be used after your home loan is approved.
  • Every $10,000 of credit limit available, will reduce your borrowing capacity by about $34,000.

Action required

  • Check all credit card limits and reduce where necessary. This is especially so if your borrowing limit is equal to or less than required.

Estimating Expenses

  • When completing a loan application the following questions are generally included under average monthly expenditure:-
    • Credit / Store Card Payments
    • Total Living Expenses (incl. Motor Vehicle, Rates, Electricity, Gas, Telephone, Food, Clothing, Personal, Home Insurance and Education Expenses)
  • If you pay some of your Living Expenses with a credit card you will have included that item twice in your expenditure.
  • For every $1,000 of Annual Expenditure that is over estimated it will reduce your borrowing capacity by about $9,000.

Action required

  • When completing your loan application make sure you do not include expenditure items in two different areas, eg Credit Card payments & Living Expenses

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