Tips for filling in the Loan Enquiry Form
Please use these links to jump to more information on each:
- Names
- Address
- State
- Telephone Numbers
- Email Address
- Best Contact Time
- Other Contact Information
- Purpose of Loan
- Loan Required
- Deposit Available
- Property Value
- Income(s)
- Assets (loan security)
- Your Preferences
- Occupation
- Self Employed - no Documentation Loan
- First Home Buyer
- Dependants and ages
- Credit rating
- Additional information or questions
- Home Loan Club Mailing List
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. Home Loan Club has a strong anti spam policy.
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 Home Loan Club 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.
Have questions? Need help?
We would be glad to help you; simply contact us via email or phone.
