Tips
for filling in the Loan
Enquiry Form
Please
use these Switch links for
more information on each
section:
Name
- Name(s)
of person(s) applying for
this loan.
Address
-
Your current contact address,
not the property address
you intend to purchase.
State
- Please
select your current Australian
State. If you are Living
outside Australia but looking
to purchase inside Australia
please select Other and
clarify in the additional
information section at the
bottom of the form.
Telephone
Numbers -
Please include the area
code and select which number
is your preferred number
for contact from your Consultant.
Email
Address -
To ensure we can respond
immediately to your correct
address, please verify your
email by entering twice.
Your privacy is important
to us and you will not be
added to our mailing list
unless you request that
option at the bottom of
the form. Swtichbanks has
a strong anti spam policy
- reportingspam@acma.gov.au
Best
Contact Time -
Please enter the best time
to contact you and indicate
your preferred contact number.
Your consultant will aim
to contact you within the
times specified.
Other
Contact Information
- You can add any details
specific to your contact
information that will help
your consultant to respond
in the most convenient and
timely way to your enquiry.
Purpose
of Loan
- i.e. Standard home loan,
debt consolidation, first
home, renovation and investment.
These classifications will
help us to allocate the
right consultant to support
you through the loan application
process.
Loan
Required -
The loan amount you require
to meet you needs.
Deposit
Available
- All loans, even a no deposit
home loan attracts State
Government fees and charges.
So the minimum deposit you
will need is 5% of loan
amount. Most lenders will
not lend to cover these
charges unless you offer
extra assets for security.
Property
Value
- This is usually
greater than the amount
of loan required. Alternatively,
you are holding suffiicent
other assets to cover the
excess of the loan.
Income(s)
- We
have assumed no more than
two individuals involved.
Please give approximate
annual incomes.
Assets
- Most
lenders require you to satisfy
the following criteria to
ensure the difference between
the value of the mortgaged
property and your loan is
fully secured -
Assets
to the value of 10-15% of
the value of the loan you
are seeking (requires Lenders
Mortgage Insurance)Assets
to the value of 15-25% of
the value of the loan you
are seeking (no Lenders
Mortgage Insurance required)
Occupation
- Please list your main
occupation and main occupation
of second income earner.
Self
Employed -
For a no documentation loan
you will need to include
your assets to a minimum
amount of 20% of the loan
value as security. Please
provide basic asset information
in the additional information
space at the bottom of the
form.
First
Home Buyer
- Enables assessment of
access to First Home Owners
Grant if possible.
Dependants
and ages -
This relates to persons
of any age who are dependant
on the incomes listed above.
Credit
rating -
Impaired credit rating requires
a different approach to
a good credit rating. Our
consultants are experienced
in solving the issues involved.
Additional
information or questions
- please use this space
to speed the process with
any related questions or
information.
About
Switchbanks Mailing list
- a newsletter
that will feature tips and
success stories for investors
and home owners and those
who are budgeting to get
into a home of their own.
As well as information on
the home loan market, interest
rate changes and what can
be done to secure your future.
It will only be sent to
those who request it and
you can ask to be removed
at any time. The list will
never be sold to any third
party. Your privacy will
be respected at all times.
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Have
questions that Switchbanks
can help you with?
Switchbanks
would be glad to help you;
simply contact
us
via
email
or phone. |
