Our Car Loan Process Explained
Send me an email at zak@bluefoxfinance.com.au or use our enquiry form. I’ll come back to you with what we need to get the process started. In most cases, we’ll need:...

Cross Collateralization Explained
Cross collateralization is the process of using ...

First Home Owners' Grant QLD
The First Home Owners' Grant in QLD is a $15,000 lump sum payment paid to first home buyers' when purchasing a new property or building a new property....

First Home Super Saver Scheme
The First Home Super Saver Scheme is a Government incentive allowing first home buyers to withdraw additional Superannuation contributions to allow them to purchase a home. The rate of withdrawal var...

Glossary
A balloon payment is common for car and equipment finance. It is a large payment due at the end of the loan term. People are usually happy with balloon payments because they are likely to trade-in...

Help to Buy Scheme
The Help to Buy Scheme is a Labor Government incentive which allows first home buyers (or second home buyers without a current property) to purchase with only a 2% deposit. The Government will then f...

Home Guarantee Scheme
The Home Guarantee Scheme is a Government scheme designed to assist first home buyers & single parents into purchasing a home with a 5% or 2% deposit respectively....

How a Guarantor Mortgage Works
There is a lot of misunderstanding around how a Guarantor Mortgage works, however guarantor loans are being used more than ever. According to Finder.com.au, approximately 33% of all first ho...

How an offset account works
Instead of earning interest on money in a savings account, it could be in your best interest to put your savings into an offset account. Here’s a simple example showing how an offset account works...

Mortgage Broker Commission Rates
Mortgage Broker commission rates vary from lender-to-lender. As Mortgage Brokers essentially does the job of a banker, lenders are happy to pay a commission in exchange for a successful loan...

How much deposit do I need to buy a house?
Use this article as a starting point to give you a good idea of how much deposit you'll need to buy a house in Australia - but always seek professional advice. The minimum deposit is 0% with a Gu...

Stamp Duty Exemptions QLD
There are currently a number of Stamp Duty Exemptions available in Queensland, including: ...

Mortgage Stamp Duty in QLD
Mortgage Stamp duty in QLD is a charge which is applied by the state government on transactions relating to the transfer of land or property. It is paid upfront and needs to be budgeted for i...

The Costs of Buying a House in QLD
There’s a few different opinions on the costs of buying a house in Queensland, so I’ve put together this article to give you an accurate breakdown of the various costs. I’ve based all r...

The Different Types of Home Loans
The range of home loans available in this day and age is truly staggering, and the different types of home loans available to consumers can be really confusing. This article is designed to, ...

Home Loan Process Explained - Australia 2023
Getting a home loan can be very confusing, especially if it is your first time. Whilst the process does vary from lender to lender, the frameword is always the same. The process is the same...

What Documents do I need for a Home Loan?
The documents you need for a home loan application will vary from lender-to-lender - so it's generally best to contact your Banker or Broker to get an exact list of what you'll need. Nevertheless, th...

LMI: What is Lenders Mortgage Insurance in Australia?
Lenders Mortgage Insurance (LMI) in Australia is a type of insurance that allows consumers to purchase a home with less than 20% deposit. All major banks throughout Australia currently require you to...

Why was my personal loan declined?
Why was my personal loan declined? ...
