Blackbox Finance Blog
Stay Up To Date With Our Most Recent Finance News & Updates
2020 GUIDE TO GETTING YOUR MORTGAGE APPLICATION APPROVED
Whether you’re refinancing an existing mortgage or buying your new dream home or an investment property, the question we get asked the most is “Will I qualify?”. The only consistent aspect of the mortgage industry is change. Your mortgage is generally one of the...
THINKING OUTSIDE THE BOX – PALM BEACH SPOTLIGHT NOVEMBER 2020
Crazy times! We’re increasingly hearing stories from our clients that are missing out on properties and how hot the market is right now. So we thought we’d help out and give you a little insight into the numbers around what’s ACTUALLY happening in Palmy right now! We...
The Greatest Pair Of Shoes I Ever Owned!
I found these shoes in the bottom of my wardrobe over the weekend and they reminded me of something… I grew up in a household where money was rarely an issue, or at least my parents made it feel that way (I’m sure it was MANY times). I feel the unintended consequence...
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...