Back in May we let you know about Ask Aussie, a service to help you ask the questions you have when researching about home loans.
By now many of you will be very familiar with the service. You ask us a question and we provide you with an answer. The good news is that four months on the service has evolved to contain more answers and information than ever before.
After Ask Aussie launched we highlighted some interesting trends from both existing and prospective borrowers. We are going to continue to highlight the three most popular questions we are asked each month. To start, here are the top three questions from September:
- How much will a bank lend me?
- Is it possible to get a home loan with a bad credit history?
- How can I apply for an Aussie MasterCard credit card?
How much will a bank lend me?
How much you can borrow depends on a number of factors such as your income, your expenses and your dependents. To get a rough estimate of how much you can borrow it’s worth using our Borrowing Calculator.
To get a fully personalised borrowing power figure, we need to look at your current financial situation and home loan needs and find an amount that we’re sure will be right for you. This is all part of your free appointment with an expert Aussie Broker.
Is it possible to get a home loan with a bad credit history?
Banks and lenders will always look at your credit history and rating when deciding whether to approve your loan application, so make sure you know what your credit score is before applying for a loan.
If you have a bad credit history or have had problems with your credit rating and want the best chance of getting a home loan, it’s a good idea to see an expert Aussie Broker. They will know details and conditions on how the different lenders will assess you and your loan application, and can show you which of them are best to apply to.
Your Aussie Broker will be on your side and will shop around for you to find the right loan from the right lender for your individual situation, saving you days of time and effort. They will be the one central point for your questions and support you through the whole process, even helping you fill in your loan application paperwork and any government grant applications.
We also put this question to John Symond back in June and you can watch his response here.
How can I apply for an Aussie MasterCard credit card?
Hold tight folks, we understand why you’re asking this question! We’re currently in the process of building an exciting new range of credit cards with some great features. To get our new products ready, we have temporarily stopped issuing our existing credit card so unfortunately we can’t take any new applications at this point.
However, if you’re interested in being the first to know the details about our exciting new range of credit cards and special offers? Go to this page to register and receive regular updates!
If you’ve got a question or need some help, feel free to ask us a question here. Remember, It’s Smart to Ask!