In particular we focus on getting the loan structure right the first time, choosing which lenders to use in the right order (yes this is important) and finally getting our clients the best deal possible.
Non-Applicant
A non-applicant is typically an individual who is included in the application process but is not seeking an interest in the property that the loan is being used to finance.
Non-applicants are often included for various reasons, but they don't have an ownership stake in the property and are not legally responsible for repaying the loan.
A person who applies for and shares liability of a loan with another borrower. They are equally responsible for repaying the loan and meeting any requirements associated with it.
Learn MoreThere are several types of applicants type when applying for a home loan, they include:
Individuals – a sole person
Joint – two or more individuals who can be spouses, partners, family members or friends
Guarantors – are a party to the loan but not the primary borrower. They normally guarantee the primary borrowers loan in case of defaults or by use of security if the borrower might not have enough deposit available.
Trust or Company - are entity’s normally for investment purposes
Self-Managed super fund (SMSF) – for investment purposes
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