My Mortgage podcast - Season 1, Episode 6
In this episode, we talk about all the bits and pieces you need to know once you have a home loan approval.
We get into:
What a mortgage actually is - what a lawyer/solicitor does, security, the difference between a mortgage and a home loan, and what ‘freehold’ means.
Title types - some of the most common legal descriptions for property (freehold, cross-lease, unit title & apartment), including examples of each and an explanation of body corporate fees.
Some of the issues that might come up with titles, like un-consented work, and how to get around them.
Paying deposits on unconditional loan offers. What happens, how much you pay, when you pay it, and how you pay it.