Justin Purll

Loan Market Select

Collaroy Beach, NSW

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20 posts

Justin PurllLoan Market Select

How long does it take to get a home loan approved?

Once the application is submitted, anywhere from 2 hours to 4 weeks. It will depend on the lender you use and how accurate all of the information you supply to the lender is.

Justin PurllLoan Market Select

Why is comparison rate so much higher?

Generally if the comparison rate is a lot higher is the product you are looking at has a higher upfront fees and usually a large annual fee.

Justin PurllLoan Market Select

Can I get a home loan if I am a single parent?

Yes you can. If you qualify you can even get government support to purchase a home with a 2% deposit. Have a chat to your broker and they can see if you qualify.

Justin PurllLoan Market Select

Can I get a home loan if I am a student?

Yes you can as long as you have enough income to support the loan

Justin PurllLoan Market Select

Can you use first home owners grant as deposit?

Short answer is yes. Long answer is depends on your lender. Some will allow it for the deposit and some will not. You will need to ask your broker or lender if they will accept it.