Home Loans

Patience is a virtue tested during a mortgage application. Typically the process takes 4 to 6 weeks — here’s what happens at each stage.

If a deposit is less than 20%, LMI will likely be a factor. Yes, the borrower pays the premium, but the bank gets the payout.

Determining borrowing capacity is the first real step in the home-buying journey, but it’s a bit more scientific than just multiplying your salary by a random number.