![]() Units and apartments within a high-density complex are subject to additional criteria and require a 30% deposit. Property type – you’re buying or refinancing an established property (not off the plan or under construction). If you can answer yes to the following few questions, there’s a good chance Tic:Toc can help you with a home loan. Source: Tic:Toc Am I eligible for a Tic:Toc home loan? These vary by state, but include stamp duty, title and mortgage registration, and title search fees.ĭependent on your property value and which state you're in, but can be thousands. These vary by state, but include title registration, discharge of mortgage, and title search fees. If you're buying a home, you may also need to cover the cost of your own conveyancer or solicitor. TicToc’s digital conveyancer will charge a PEXA fee around $60 for online settlement, or $80 to $200 for paper settlement (if required), which we pass on. These can include application fees, valuation fees, establishment fees and discharge fees.īecause Tic:Toc is a purely online service with none of the overheads of the brick and mortar lenders, they can eliminate most fees altogether. There are typically a range of costs involved when you take out a home loan. Different terms, fees or other loan amounts might result in a different comparison rate. Warning: this comparison rate is true only for this example and may not include all fees and charges. *The Comparison rate is based on a $150,000 loan over 25 years. Monthly repayments, once the base criteria are altered by the user, will be based on the selected products’ advertised rates and determined by the loan amount, repayment type, loan term and LVR as input by the user/you. All products will list the LVR with the product and rate which are clearly published on the product provider’s website. Some products will be marked as promoted, featured or sponsored and may appear prominently in the tables regardless of their attributes. However, the ‘Compare Home Loans’ table allows for calculations to be made on variables as selected and input by the user. Redraw facility: Tic:Toc offers free unlimited redraw on any additional repayments.Ĭheck out some of Tic:Toc’s owner occupier home loans in the table below.īase criteria of: a $400,000 loan amount, variable, fixed, principal and interest (P&I) home loans with an LVR (loan-to-value) ratio of at least 80%. Offset account: Customers can add on an offset account to a home loan for $10 per month.Īdditional repayments: Free unlimited additional repayments are allowed. Instant assessment: The home loan application assessment and outcome are 100% online and can be done instantly.įee-free loans: Tic:Toc home loans don’t come with any type of upfront or ongoing fees. Tic:Toc home loans offer a range of features such as: What home loan features does Tic:Toc offer? Tic:Toc says it prides itself on having low interest rates, no upfront or ongoing fees and a faster process. The online lender’s mission is to simplify the process and provide borrowers with what it calls an “instant home loan” experience. Its core technology allows a home loan application to be assessed in real-time when a customer is filling out their details online, taking as little as 22 minutes. Launched in July 2017 and backed by Bendigo and Adelaide Bank, Tic:Toc prides itself on transforming the home loan process. ![]()
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