Help in everyway
 

   Can a United Permanent consultant come out and see me?
   What other services do you provide?
   What is Lenders Mortgage Insurance?
   What costs will I have?
   Do I require building insurance?
   What if I have bad credit?
   How long does it take to get an approval?
   Do I need a deposit?

 
Q Can a United Permanent consultant come out and see me?
A Yes we have consultants available for appointments.
 

Q What other services do you provide?
A As well as home and residential investment loans, we can help provide finance for needs ranging from personal and car finance, to business and commercial loans.
 
Q What is Lenders Mortgage Insurance?
A If you are borrowing more than 80% of the property value, you will need to pay Lenders Mortgage Insurance (LMI), which covers the lender if you fail to repay your loan and the property sells for less than the amount owing. In most cases LMI can be added to the loan.
 
Q What costs will I have?
A The main costs when settling on a property and finance is Lenders Mortgage Insurance, which is only incurred if borrowing more than 80% of the value of the property. Other costs may include your own legal fees, application fees, valuation fees, and stamp duties on both the land and mortgage.
 
Q Do I require building insurance?
A Prior to settling your loan you will need to have obtained building insurance. You can obtain building insurance for a home from an insurance company – insurance on apartments is usually covered by the strata plan or managers building insurance.
 
Q What if I have bad credit?
A Don’t worry, at United Permanent we can still help. If you have current defaults, paid and or unpaid, don’t be afraid to ask.
 
Q How long does it take to get an approval?
A Generally an approval can be given in 48 hours if all documents have been provided. The process involves:

• Application
• Conditional Approval (for example a condition may be a satisfactory valuation)
• Formal Approval
• Solicitors Instructed
• Settlement

 
Q Do I need a deposit?
A United Permanent offers home loans up to 105% of the value or purchase price of your property (whichever is lesser). This means you can capitalise your mortgage insurance as well. These loans require good employment history (and a small amount of savings does help).
For more information on our no deposit loans please contact us.

If you are a first home buyer, you may be eligible for the First Home Owners Grant and concessions on stamp duty.

 

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