Brij Panwar

Mortgage Choice Knoxfield

Glen Waverley VIC

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5 posts

Brij PanwarMortgage Choice Knoxfield

It it easier to get a home loan with mortgage brokers or should I apply directly with banks?

Always go through a broker as they have access to many banks and hundreds of loan products. They work in your interest and not Bank's.

Brij PanwarMortgage Choice Knoxfield

How does my employment status affect my home loan approval?

Lenders prefer permanent employment. Having said that, casual employment is acceptable but you need to be in the role for a specific period of time(depends on the lender)

Brij PanwarMortgage Choice Knoxfield

When is a good time to buy a home?

Anytime is a good time. Depends when you are ready

Brij PanwarMortgage Choice Knoxfield

Can you use first home owners grant as deposit?

Hi, Yes it can be part of your deposit.

Brij PanwarMortgage Choice Knoxfield

Can I switch from a fixed to variable interest rate, or vice versa?

Yes you can however if switching from fixed to variable, there could be a break cost involved. It depends on remaining length of fixed term, your fixed rate vs current fixed rate etc. Best to check from your lender before making a switch.