Blackbox Finance Blog
Stay Up To Date With Our Most Recent Finance News & Updates
What Does A Bank Consider When Assessing My Loan Application Or Refinance?
Our world is changing at a rapid rate and as part of those changes, banks are changing their lending policies to keep up. Before recent world events, it was kept fairly simple, with the “The 5 C’s of credit”. CAPACITY – Does the applicant have the ability to repay the...
What Effects My Borrowing Capacity And How Can I Increase My Borrowing Capacity?
The most common question asked when we ask how much a client wants to borrow is “How much can I borrow?”. We’ve covered this in previous blogs and spoken about not maxing yourself out on your first purchase, and considering your budget when it comes to new mortgage...
Here’s The Nuts & Bolts Of The $25,000 Homebuilder Grant
We know as Queenslanders, you’re a fairly savvy bunch and that you’re already onto this because we’ve been fielding plenty of calls around it! But for those not aware, as part of one of the many COVID-19 stimulus packages, is the Homebuilder grant! Whilst this...
Is There Such Thing As A Home Loan Without Fees And Interest?
Many home loan specialists and even banks offer home loans without cost – a loan without processing fees or interest. But, are they really what they make themselves out to be? Is there more to a home loan or mortgage with no costs than meets the eye? Here’s...
How Long Does A Home Loan Application Take?
Applying for a Home Loan can be a long drawn out process therefore, it is important to take the process seriously, by understanding what may delay the time it takes for an application to be approved. Public holidays, how long it takes to supply documents, dishonesty...
The Reality Of Low Deposit Home Loans
Getting a home loan is essential for most people who wish to buy their own houses and having a 20% deposit to put down is often one of the requirements to being granted one. However, what if you don’t have the 20% deposit? Can you get a home loan with a very...
Moving Home Loan To Another Bank (Switching Banks) A Good Or Bad Idea?
Struggling to meet the obligations that your current home loan has tasked you with? It happens. Often the bank will change the way it operates, or you find that what suited you when you first applied no longer suits you now. A home loan is a long-term investment, and...
What Is A Home Equity Loan And How Does It Work?
Many people get confused between the different types of home loans, and how they work. When it comes to having a home loan, you might have been offered an equity home loan. How does this work and is it the same as refinancing? We break it down for you so you...
Types Of Home Loans To Avoid
The statistics regarding how many of the country’s population is in more debt than they can ever repay is staggering. Don’t get hung up on that, having a home loan can often work out cheaper than renting, if you go for the right one. Here’s a list of risky home loan...
What Home Loan Do I Qualify For?
In the initial stages of the home loan process, people often ask us questions such as which home loan do I qualify for? How do you even get one? And How do I know what I can afford? Therefore, we have taken the liberty to answer these and more questions below in one...