Frequently asked questions & answers
Our team have access to over 50 different lenders to ensure we obtain the best car loan approval for you and your situation. Chiropractors are often seen as high quality customers to lend to through the eyes of a lender and bank. Your designated lending specialist will be able to assess which lender suits you best as a chiropractor, and can advise of how much you can borrow to finance your next car. Chiropractors may be eligible to borrow up to $100k when applying for a car loan. Speak with us to discuss your situation so we can best help, or enquire online.
Our team have access to over 50 different lenders to ensure we obtain the best car loan approval for you and your situation. Dentists are often seen as high quality customers to lend to through the eyes of a lender and bank. Your designated lending specialist will be able to assess which lender suits you best as a dentist, and can advise of how much you can borrow to finance your next car. Dentists may be eligible to borrow up to $100k when applying for a car loan. Speak with us to discuss your situation so we can best help, or enquire online.
For a standard commercial property, you can borrow up to 75% of the land and construction costs or Land to Development Cost Ratio (LDCR) or 65% of the on-completion value. In some instances, you can borrow up to 100% with a guarantor.
The amount you can borrow through a home loan equity release will depend on factors such as the value of your property, and the specific lender’s policies. Generally, the higher the value of the property, the more you can borrow. Banks and lenders often provide a loan-to-value ratio (LVR) that will determine the maximum borrowing limit.
You will be able to discuss several different business line of credit options with your designated Lending Specialist. The amount your business will be eligible for will be dependant on it’s current turnover, how long it has been established for, and the nature of the business. Fox Finance Group has a team of lending specialists that are rehearsed in business lines of credit; speak to us today or enquire with us online.
Your pre-approval amount for a boat loan will be dependent on several different factors. The age of the boat you’re financing, its condition, whether it is purchased from a dealership or private seller, and much more. Differences in approvals may also depend on whether you obtain a secured boat loan, or a personal loan. Our lending specialists speak with customers wanting to finance boats everyday, and know what approach to take when it comes to boat loans. Speak with our team today to discuss your boat loan objectives, or enter some details online.
The deposit amount for a home loan really depends on the property that you are looking to buy. Lenders tend to look for a minimum of 5% deposit (plus upfront fees). As an example: if you are looking to buy an $800,000 home, you will need to have $40,000 deposit available. However, we do have many approved lenders on our panel who all have different lending criteria. Speak to our Home Loan Specialists so we can help you find the right home loan for your circumstances. Call us now or enquiry about a home loan online – its obligation free.
Generally speaking, a bank will want you to have a minimum of 20% of the property’s value as a deposit to avoid you paying Lenders Mortgage Insurance (LMI).
The amount of equity you have in your home is usually based on a simple calculation that is called the Loan-to-Value ratio (LVR). LVR = Estimated property value – Current loan balance. To learn more about how much equity you might have in your home, and how you can leverage that equity, call our Lending Specialists.
Let’s find out together. We’ll make it our mission to save you money. Try our home loan refinance calculator and our mortgage switching calculator now to get an idea of how much you could save. Then, give our team of Home Loan Experts a call so they can help you shop the market for a better deal. There’s nothing to lose, our help is obligation free.
