Category: buying a home alone
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How to Get Pre-Approved for a Home Loan
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buying a home alone, conditional approval home loan, Do I need pre-approval?, first home buyer pre-approval, how long does pre-approval last, how to get pre-approved for a home loan, how to prepare to buy a home Australia, pre-approval, single buyers, single income home loan Australia, what is pre-approval?You may have heard that one of the most important things you need to get before you start seriously looking at properties is pre-approval. It is when you apply to a lender to find out how much you could be approved to borrow for a home loan. The lender looks at your finances and agrees,…
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Borrowing from parents to buy a home: the simple guide
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Thinking about asking your parents for help with a deposit? It’s more common than you think. 60% of first home buyers are getting some kind of financial help from family, with the average amount being around $74,000. The so-called Bank of Mum and Dad is now one of the biggest sources of home loan funding in the country. Some estimates put its total contribution at between $22 billion and $71 billion a year, and…