Mortgage Broker in Thirroul

We service Thirroul and the surrounding suburbs, including Bulli, Austinmer, Coledale, Wombarra, Scarborough, Stanwell Park, Clifton, Helensburgh, and Otford. This list is not exhaustive, so if your area isn’t mentioned, feel free to contact us to confirm service availability in your location.

The time required for home loan approval varies but typically includes the following stages:

1. Pre-Approval: Can take 1 to 5 business days after submitting your documents.
2. Valuation: The lender assesses the property’s value, which can usually take 1-5 business days.
3. Final Approval: Once all conditions are met, final approval is issued, usually within a few days.

In total, the process may take 5 – 10 business days, depending on the complexity of the application and lender requirements. Being organised with your documentation can help speed up the process.

Negative gearing occurs when the costs of owning an investment property, such as loan interest and maintenance expenses, exceed the rental income generated. This shortfall can often be claimed as a tax deduction, reducing your taxable income.

For example, if your rental property generates $20,000 annually but the expenses total $25,000, the $5,000 loss can be offset against your other income. Negative gearing is a strategy often used by investors to manage cash flow and reduce tax liability. It’s essential to seek professional advice to ensure compliance with tax laws and to understand the long-term financial implications.