If you are looking to purchase an existing owner-occupied or investment property, ACME Financials is here to assist you throughout the straightforward loan process. We offer a range of loan products and features tailored to suit your unique circumstances and requirements, ensuring you find the right loan to finance your dream home or investment property.
Loan Application Process: Buying an established house begins with the loan application process. Borrowers can choose from a variety of loan products, each with its own set of features, interest rates, and repayment terms. Our experienced team will guide you through the available options, helping you select the loan that best fits your needs and budget.
Loan Pre-Approval or Full Loan Approval: Once you have found your ideal property, you can seek either a loan pre-approval or full loan approval. A loan pre-approval provides you with an estimate of the amount you may be eligible to borrow based on your financial situation and credit history. With a pre-approval in hand, you can confidently make offers on properties knowing your potential borrowing capacity.
On the other hand, full loan approval is obtained after finalizing the security property and providing all the necessary documents and information to the lender. This ensures that your loan application undergoes a comprehensive assessment, increasing your chances of securing the desired loan amount.
Loan-to-Value Ratio (LVR) and Borrowing Capacity: Lenders typically offer up to 95% of the property’s value for owner-occupied properties and up to 90% for investment properties. The Loan-to-Value Ratio (LVR) is the percentage of the property value that the lender is willing to finance. To qualify for the maximum borrowing against the property, borrowers are required to disclose their income, liabilities, assets, and contribution.
Our expert team will assist you in understanding your borrowing capacity and guide you through the necessary steps to ensure you meet the lender’s requirements for the loan you desire.
Why Choose ACME Financials for Buying Established Houses?
At ACME Financials, we are committed to helping you make your property ownership dreams a reality. With our extensive knowledge of the market and vast experience in providing tailored loan solutions, we are well-equipped to support you in every step of the home buying journey.
We understand the significance of buying an established house and are dedicated to providing personalized, transparent, and efficient services to ensure a smooth and stress-free process.
Contact ACME Financials today to begin your journey towards purchasing your dream home or investment property. Let us be your trusted partner in securing the right loan to make your property ownership aspirations come true.