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What is a mortgage?

What is a mortgage? – The  Basics If you enter into a loan contract with a bank or other financial institution to purchase a house or unit, it is almost always the case that the lender will require your property as security for your repayment of the loan.  The document which formalises the security is Read more…

How much is the deposit for a house?

For many people, the biggest question when purchasing property is – How much is the deposit for a house? One of the first hurdles to overcome when purchasing a property is putting together a deposit. Generally, under a contract for sale to purchase a property, purchasers are required to pay a 10% deposit. The 10% Read more…

Electronic Conveyancing

Electronic Conveyancing commenced on Monday 4 July 2016 which will make the settlement and conveyancing process easier for everybody. The term “electronic conveyancing” refers to a conveyancing transaction where practitioners have elected to settle electronically through the electronic platform provided by Property Exchange Australia Ltd (PEXA). The electronic process facilitates a secure, electronic exchange of Read more…

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