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Thursday, 23 February 2012
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FAQs
FAQs
Q1. How does Source Home Loans get paid for their service?
Q2. Does Source Home Loans charge me a service fee?
Q3. Does Source Home Loans ensure my confidentiality?
Q4. What can I borrow money for?
Q5. How is interest calculated?
Q6. Can I pay out my home loan early?
Q7. What is my maximum borrowing capacity?
Q8. What happens at the end of a fixed rate term?
Q9. What is a credit reference file?
Q10. Why would I take out an interest only loan?
Q11. What is Lenders Mortgage Insurance (LMI)?
Q12. Are you accredited with any industry regulated bodies?
Q13. What is a redraw facility?
Q14. What does Approval in Principle mean?
Q15. What is a Finance Broker?
Q16. When do I have to pay the LMI?
Q17. How much deposit do I need?
Q18. Can I get a home loan if I have a bad credit history?
Q19. What is a comparison rate?
Q20. Is there a lender that can lend me the full cost of the purchase price plus the associated legal fees?
Q21. What is a 100% offset loan?
Q22. How much is the First Home Owners Grant?
Q23. Can I switch between variable and fixed interest rates?
Q24. Where can I get Lender Mortgage Insurance (LMI)?
Q25. Why do Lenders use Mobile Lending Manager?
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