Cams Home Loans

21/08/2025

🏗️ Thinking About Building Your Own Home?
Here’s how a construction loan works — without the jargon.

Building gives you the chance to create your dream home from the ground up… but the finance process is very different from a regular home loan.

Let’s break it down 👇

🧱 What Is a Construction Loan?
A construction loan is a special type of home loan designed for building, not buying.

💡 Instead of getting the full loan upfront, the lender releases funds in stages, aligned with your builder’s progress.

This keeps things on track — and helps protect your money. 🙌

🔨 How Does It Work? (Step-by-Step)
1️⃣ Get Pre-Approval – Just like a normal loan, we assess your income, deposit, and borrowing power.

2️⃣ Choose a Builder & Sign a Fixed-Price Contract – Most lenders require a licensed builder and a full building contract.

3️⃣ Valuation Is Done on Plans – The bank values the finished home based on specs, not just the land.

4️⃣ Loan is Approved, Then Funded in Stages

5️⃣ Progress Payments Made to the Builder – As each stage is complete, the builder gets paid and your loan balance increases.

💡 Key Tips:
✅ Keep extra cash aside for any variations or upgrades
✅ Ask about turnkey vs standard contracts — big difference!
✅ Work with a broker (👋) who knows how to navigate lender policies on construction

📲 Planning to build your home or an investment property? Contact us today!

Website: https://camsloans.com.au/book-now
Email: [email protected]
Phone: 0400 694 362

19/08/2025

💡 Ever Wonder Why the Bank Says “No” When You Think You Can Afford It?
It could be your Debt-to-Income Ratio — aka DTI.

Let’s break it down 👇

📊 What Is a Debt-to-Income Ratio (DTI)?
Your DTI is a simple calculation:
🧮 Total debts ÷ Gross annual income = Your DTI

For example:
If you earn $100,000 and have $400,000 in debts (including credit cards, car loans, personal loans, and the mortgage you’re applying for), your DTI is 4.0.

🏦 Why Do Banks Care?
Most lenders in Australia set DTI limits to manage risk.
🔸 A DTI over 6 is generally considered high risk
🔸 Some lenders won’t lend above 6, while others cap it even lower — around 5 or 5.5

Even if your repayments seem affordable, a high DTI can reduce your borrowing power or lead to a declined application.

💡 What Counts as “Debt”?
It’s not just your home loan:
❌ Car finance
❌ Personal loans
❌ Credit cards (even if not used — full limit counts!)
❌ Buy-now-pay-later (Afterpay, Zip, etc.)
❌ HECS/HELP debt (yes, that too)

✅ How Can You Lower Your DTI?
✔️ Pay off or consolidate smaller debts
✔️ Lower your credit card limits
✔️ Increase your deposit to reduce the loan size
✔️ Consider lenders with more flexible DTI policies (that’s where I come in 😉)

📲 Not sure what your DTI is or how it affects your borrowing power? Contact us below!

Website: https://camsloans.com.au/book-now
Email: [email protected]
Phone: 0400 694 362

**Credit Representative 564293 is authorized under Australian Credit License 389328 **

17/08/2025

🔍 What Does a Mortgage Broker Actually Do?
(And why do so many Aussies use one now?)

If you’re not 100% sure what a mortgage broker does — don’t worry, you’re not alone. A lot of first home buyers think we’re just “middlemen” between you and the bank.

But there’s a lot more to it 👇

🧠 We work for YOU — not the bank.
A good broker:
✅ Gets to know your goals and finances
✅ Compares loans from multiple lenders (not just one!)
✅ Finds you a deal that actually suits your life
✅ Handles all the paperwork, legwork & lender follow-ups
✅ Helps with pre-approval, approval, and even settlement
✅ Supports you after settlement too — from managing your loan to checking in, renegotiating rates, and making sure your deal stays competitive over time

💸 And the best part?
Our service is usually free for you.
Brokers are paid by the lender after your loan settles — meaning you get expert guidance without paying out of pocket. 🙌

🏡 So why use a broker?
Because buying a home is too big to DIY with just an online calculator and hope.
We make the process smoother, smarter, and way less stressful — whether you’re a first home buyer, upgrader, or investor.

📲 Ready to get started or just have questions? Connect with us below!

Website: https://camsloans.com.au/book-now
Email: [email protected]
Phone: 0400 694 362

**Credit Representative 564293 is authorized under Australian Credit License** 389328

16/08/2025

🏡 Buying a home? Don’t Get Caught Out by Hidden Costs! 💸
It’s not just the deposit you need to save for… there are a few surprise expenses that can sneak up if you’re not prepared 😬

Here’s a breakdown of the true cost of buying a home in Australia — so you can budget like a pro 👇

💰 1. Deposit
Most lenders want at least 5–20% of the purchase price.
💡 With a 5% deposit, you’ll likely pay Lenders Mortgage Insurance (LMI) unless you have a guarantor or qualify for a government scheme.

🧾 2. Stamp Duty
One of the biggest upfront costs.
Varies by state, property value, and whether you're a first home buyer.
💡 In VIC, NSW & QLD, you may get concessions or exemptions if you’re eligible. (mainly available for first home buyers)

🏠 3. Conveyancing / Legal Fees
Expect to pay $800–$2,000 for a solicitor or conveyancer to handle your settlement.

🔎 4. Building & Pest Inspection (if buying a house)
Cost: $400–$700
💡 This step can save you from buying a property with hidden issues.

🏦 5. Loan Setup Fees
Application fees, valuation fees, settlement fees – can add up to $0–$1,000+, depending on the lender.
💡 Some brokers (like me 👋) can help you find options with zero upfront fees.

🛋️ 6. Moving & Setup Costs
Furniture, movers, connection fees, cleaning, new appliances… these often get overlooked but can easily cost $2,000–$5,000+.

🔄 BONUS: Ongoing Costs to Plan For
1. Council rates
2. Strata fees (if buying a unit/townhouse)
3. Home & contents insurance
4. Maintenance

🎯 TIP: Always budget for more than just the deposit. Having a financial buffer makes your first year in your new home much less stressful.

📲 Want a personalized cost breakdown based on your situation? Contact us below!

Website: https://camsloans.com.au/book-now
Email: [email protected]
Phone: 0400 694 362

** Credit Representative 564293 is authorized under Australian Credit License 389328**

14/08/2025

💸 Got Extra Cash? Should You Pay Off Your Mortgage… or Invest It? 🤔

It’s one of the most common questions I get as a mortgage broker — and the answer isn’t the same for everyone.

Let’s break it down 👇

🏡 Option 1: Paying Off Your Mortgage Early
✅ Guaranteed savings on interest
✅ Peace of mind (less debt = less stress)
✅ You’ll own your home outright, faster
✅ Lower monthly repayments long-term

BUT…
🔸 You may miss out on higher returns elsewhere
🔸 Once the money’s in your loan, it’s not as easy to access

💡 Tip: Use an offset account to get the best of both worlds — reduce interest but keep flexibility.

📈 Option 2: Investing Instead
✅ Potential for higher long-term returns (shares, property, etc.)
✅ Can grow your wealth faster if done wisely
✅ You might benefit from tax deductions (depending on the investment)

BUT…
🔸 Returns aren’t guaranteed
🔸 You’re still carrying mortgage debt
🔸 It requires more research and sometimes more risk

🤷‍♂️ So… What’s Right for You?
Ask yourself:
🔹 How comfortable are you with risk?
🔹 Do you need access to your money quickly?
🔹 Are you building wealth or chasing security?
🔹 What’s your mortgage interest rate vs expected investment return?

Want to learn more, contact us now!

Website: https://camsloans.com.au/book-now
Email: [email protected]
Phone: 0400 694 362

**Credit Representative 564293 is authorized under Australian Credit License** 389328

12/08/2025

🏠 Investing in Property? Here’s the Big Question...
Rental Yield or Capital Growth — which is the better strategy? 🤔💰

It’s one of the first decisions every property investor has to make — and getting it wrong can cost you thousands (or more).

Let’s break it down 👇

🔄 Rental Yield = Cash Flow
This is all about how much rent you earn compared to the property’s value.

✅ Great for steady, ongoing income
✅ Can help cover mortgage repayments
✅ Common in regional or outer-suburban areas
✅ Helps with serviceability for your next property

💡 Ideal for: investors who want positive cash flow or to build a portfolio faster

📈 Capital Growth = Long-Term Wealth
This is where the real money is made — your property increases in value over time.

✅ Helps build equity
✅ Often found in blue-chip suburbs or growth corridors
✅ Great for refinancing or funding more purchases later
✅ Can outperform yield long-term (but not always)

💡 Ideal for: investors who want to build wealth over the long run

🧠 So, which one should you focus on?
It depends on your:
🔹 Income
🔹 Goals
🔹 Risk appetite
🔹 Tax position
🔹 Future borrowing plans

If you'd like to know how you should focus your property investing efforts contact us below!

Website: camsloans.com.au/book-now
Email: [email protected]
Phone: 0400 694 362

**Credit Representative 564293 is authorized under Australian Credit License 389328**

Buying a home can be a daunting task at the best of times. If you need guidance or just need someone to show you how to start, we want to help!

10/08/2025

📌 Do you want to purchase your first home but don't have a huge deposit? 📌
You might not need one! 👀

Lets talk about guarantor loans. A smart option for first home buyers who have family willing to lend a helping hand.

A guarantor loan allows a close family member (usually a parent) to guarantee part of your home loan using the equity in their own property—instead of giving you cash.

This means:
✅ You can potentially borrow up to 100% of the purchase price
✅ You avoid paying Lenders Mortgage Insurance (LMI) – saving thousands
✅ You can get into the market sooner, even with a small deposit

What's the catch?

There are risks — especially for the guarantor
🚨 If you fall behind on repayments, the guarantor is responsible for that portion of the loan
🚨 It may impact their ability to borrow in the future

Guarantees are usually limited to 20% of the overall property value, and once the loan is repaid to a 80% loan to value ratio, the guarantee can be released.

**Loan to value ratio (LVR) is the value of the loan vs the value of your property, if you have a 1 million dollar property and a 700K loan, your LVR is 70%.**

Is a Guarantor loan right for me?

Guarantor loans can be a great strategy for families looking to support the next generation — without handing over cash or selling assets. However like everything your personal circumstances must be considered before making any financial decisions.

If you would like to learn more contact us below!

Website: https://camsloans.com.au/book-now
Email: [email protected]
Phone: 0400 694 362

 This page provides general information only and has been prepared without taking into account your objectives, financial situation or needs. We recommend that you consider whether it is appropriate for your circumstances and your full financial situation will need to be reviewed prior to acceptanc...

08/08/2025

Do you want to buy your first home but are unsure where to start?

In todays day and age buying your own property can seem like a massive mountain to climb. Prices have spiraled out of control and the idea of needing to fund hundreds of thousands of dollars just to purchase your own home makes you wonder if its even worth trying.

Cams home loans was founded with the idea of helping young Australians navigate the quagmire. This country is your home and you deserve to be able to buy your own little piece of it.

Our founder Campbell is just 26 himself, understands well the struggle of trying to get your "foot in the door". Having gone through it himself, and seeing his friends struggle he truly does understand.

Don't mistake it age for lack of experience, Campbell started working with NAB's consumer lending division when he was just 19 years old. Understanding the tricks of the trade well he has now gone out on his own to make those available to you!

Today we are offering a complimentary first home buyer consultation so you can better understand how to navigate your first purchase. If you have questions you will have the opportunity to ask a qualified professional at absolutely no cost to you.

How we can help:
👉Understanding what is a suitable price range for you
👉How much of a deposit you will require
👉How getting a home loan will affect you and your finances
👉Where you can purchase & what type of property
👉Instruction & representation when securing your home loan
👉How you can grow a property portfolio

If you're looking for a place to start contact us today!

Website: https://camsloans.com.au/book-now
Email: [email protected]
Phone: 0400 694 362

**Credit Representative 564293 is authorized under Australian Credit License 389328**

Our director Campbell be a young broker himself sympathises, and has created this brokerage with the primary goal of helping young Australians take the leap and buy property for themselves.

06/08/2025

Cams home loans FAQ's

Can I still get a home loan if I have no credit history?

A question we often get from younger buyers is, "do we need to get a credit card to establish our credit history?"

The answer to that is no!

Contrary to popular belief credit scores are not an overly important factor when securing your home loan. While most banks will not lend to you if you frequently miss payments on previous debts or other adverse history, but having no credit record at all will not prevent you from moving forward.

Simply put, having no credit history is ok. Having bad credit history will severely limit your options.

If you're in this position and would like to learn more feel free to contact us below!

Website: https://camsloans.com.au/book-now
Email: [email protected]
Phone: 0400 694 362

**Credit Representative 564293 is authorized under Australian Credit License** 389328

04/08/2025

Navigating the banking system can be tough at the best of times, so today we are going to discuss the process of actually buying a home and securing your finance approval.

With an experienced mortgage broker in your corner most of the leg work is handled on your behalf but there several critical points you should be aware of.

Step 1: Discovery
Being the first step in the process, here we really just need to gain and understanding about you. Through the initial discovery call we will gain a preliminary understanding of your position and request some documents from you.

Step 2: Assessment
Once we have your documents we will then correlate all the information and effectively "pitch" your scenario to our panel of lenders. Once we find the lender that will both look at your situation favorably, and give you a good rate, we will then draft a recommendation and send that for you to review.

Step 3: Submission
Assuming our proposal meets with your approval we will then draft a formal application to the bank and send that off on your behalf, the bank will then review your information and render a decision.

Step 4: Approval
At this stage you have been approved, so its now time to find a house! (if you haven't already)
Once you find your dream house it would be time to sign on the dotted line & pay your initial deposit.

Step 5: Settlement
Once the contract is signed we have a settlement date for your purchase, on the back end we will work with your conveyancer & the bank to get the paperwork organized on the back end to ensure seamless payment of your loan on the day.

How simple is that?!

If you'd like to get started book your complimentary consultation below.

Website: https://camsloans.com.au/book-now
Email: [email protected]
Phone: 0400 694 362

**Credit Representative 564293 is authorized under Australian Credit License 389328**

02/08/2025

Why should you consult a mortgage broker before you start your property search?

Simple, we can define exactly what you should look for!

Do you need some guidance on taking the leap? Contact us below!

Website: https://camsloans.com.au/book-now
Email: [email protected]
Phone: 0400 694 362

**Credit Representative 564293 is authorized under Australian Credit License 389328**

31/07/2025

Buying your first home can be a daunting and sometimes complicated task. When doing anything for the first time mistakes are made, so today we want to highlight the top 3 pitfalls we see first home buyers fall into.

🚨🚨Mistake 1🚨🚨

The first error is not seeking professional advise before you start looking. Speaking to a licensed mortgage broker (for example) can help you to understand how much you can borrow and define your price range, they can also help you structure the deal so you understand what kind of purchase your making and how that will affect your life.

Speaking to a conveyancer and / or a buyers agent prior to your purchase can also help you to understand the legalities of the purchase as well as what kind of brick and mortar property would actually make a good investment.

🚨🚨Mistake 2🚨🚨

Secondly we often see people that have taken on very significant commitments in order to buy their dream home. The current state of the property market can make it almost impossible to find affordable options, however it is also important to consider how the commitment will impact your life.

In our view it is little use buying your dream house if you're going to be financially stressed doing it. Through our service we do disclose those particulars, however its important to advocate for yourself and truly take part in structuring your loan solution.

🚨🚨Mistake 3🚨🚨

The third and final error actually doesn't relate to mortgages.
Its important to consider that when assessing your position, all your finances are analyzed including credit cards, car loans etc.. If you have a significant amount of consumer debt that can seriously reduce your borrowing capacity.

A car loan with a $500 per month repayment could very well make a $150,000 dollar difference to your overall borrowing capacity.

While these products have their place, and sometimes you just need a car and don't have 20K sitting in an account. But its also important to consider how these products will impact your finances when you go to purchase your home.

As always we do offer complimentary consultations to help first home buyers navigate all this, feel free to inquire below!

Website
https://camsloans.com.au/book-now

Email:
[email protected]

Phone:
0400 694 362

Buying a home can be a daunting task at the best of times. If you need guidance or just need someone to show you how to start, we want to help!