Q.How much can I borrow?
A: The amount you can borrow will vary from lender to lender, however you can use our calculator to give you an approximate borrowing capacity or alternatively contact us for all of your options.
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Q.How is interest calculated?
A: Interest is calculated on your outstanding balance on a daily basis and charged to your home loan account once a month. For this reason, and because of the number of days between months varies, the amount of interest charged each month may also vary.
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Q.What is the minimum deposit required?
A: In some circumstances we may be able to look at a nil deposit, however there are various factors to be considered before we can advise what deposit you need in your own individual circumstances. Please contact us.
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Q.Why would I take out an Interest Only loan?
A: This is a loan used mainly by property investors. It allows the borrower to pay only interest instead of principal and interest (i.e. the principal balance remains the same during the interest only period). This maximises the investors tax deductions whilst also freeing up cash flow for other investing opportunities.
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Q.Can we use the First Home Owners Grant as part of our deposit?
A: In some circumstances we may be able to use the first home owners grant as part of your deposit. However there are various factors to be considered before we can advise what deposit you need in your own individual circumstances.
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Q.How long will it take?
A: Based on the information provided by you, in person, phone or email we can give you an indicative approval within 60 minutes.
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Q.What about confidentiality?
A: Full confidentiality is guaranteed by Acquired Home Loans, please refer to our "privacy policy".
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Q.Who pays Acquired Home Loans?
Our panel lenders pay us a referral commission not our clients. Our service to our clients is free, they are not disadvantaged in any way.
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Q.How will you decide which lender to use?
A: We do not decide, you do, in conjunction with advice you receive from our loan consultant with whom you will meet at a time and place convenient to you. They will discuss your loan needs with you and make suitable recommendations, then arrange formal application, obtain approval then monitor the file progress through to settlement.
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Q.How much does this service cost?
A: Nothing. Acquired Home Loans is remunerated by it's panel of lenders not it's clients. Actually, it costs no more than if you approached the lender yourself. In fact, in most cases you will receive free added value with your loan, by using Acquired Home Loans.
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Q.Do all lenders lend the same amount?
A: No. In fact the amount you can borrow varies considerably from lender to lender. Our job, with the help of our state of the art comparision Home Loan simulator, is to very quickly find the lender that will lend you what you need and give you the best deal. Choosing the right loan is as important as choosing the right home.
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Q.What are the advantages of using Acquired Home Loans?
A: Finding out your options in the matter of minutes. With one free and simple interview our loan consultant has the ability to run your personal, financial and your borowing needs through our exclusive and uniquely designed simulator to give you the optimum result from the 27 lenders on Acquired's panel.
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Q.Can I really own my home sooner?
A: Absolutely. With the correct facility and loan structure we will give you, absolutely free, a personalised step by step plan showing you how to minimize your mortgage, save thousands of dollars in interest and own your home sooner.
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Q.What is your product range?
A: Residential, Commercial and Rural lending including:
- Investment Loan
- Refinancing/Debt Consolidation
- Construction Loan
- No Financials
- No Deposit 100% Home Loan
- Blemished Credit Lending
- Land Loans
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