1/10/2024 0 Comments Tictoc home loanThe offset facility is only available on the Orange Advantage home loan account when linked to an Orange Everyday account. There is no offset facility available on a fixed rate loan. Any additional payments or advanced funds are not available for redraw during the fixed interest period. You should refer to the Home Loan terms and conditions for details and contact us on 133 464 for an estimate of the break costs that may be payable by you in the above circumstances. WARNING: If you select a fixed rate loan, break costs may be payable if, at any time before the fixed rate expires, you (1) pay out your loan, make an additional payment of $10,000 or more, or you make additional payments totalling $10,000 or more in any one-year period (with the first one-year period starting on the first day of the fixed interest period), or (2) you ask us to make certain changes to your loan including but not limited to your loan type, your repayment type, your loan purpose, your fixed interest period, the security on your property, your approved loan amount, your loan term, the borrowers on your loan or any other change that requires your loan to be re-documented. All features are not available for every type of loan. Details of these and the terms and conditions are available at or by calling 133 464. All applications for credit are subject to ING's credit approval criteria. All rates and information are correct at time of publication and are subject to change. These variable rates are only available for new ING security property and borrowings. We dealt with several banks and credit unions but none so unprofessional.The variable rates above include a discount that is applied to the relevant reference rate. The report said clearly that our credit rating is excellent.Īll these developments have been baffling us! Is Tictoc delibrately jeopardising our rights to apply for a loan by carrying out a credit check and then refusing loan. If a financial agency thinks that one is not capable of making repayments, why do you perform a credit check? That needs to be carried out last!Īlso we were 100% sure that there is nothing wrong with our credit history as we don't even own a credit card and we asked for a credit history report from Equifax. Read more ich affected our application is our credit history from Equifax. Our current home is fully paid off worth $1.3 million and we both earn decent income fortnightly. Things affected our application was our inability to meet our home loan repayments we found it very strange as we do not have any no other liability including no dependents. Next day we received an email saying that our application is unsuccessful without enough explanation. In an attempt to avoid brokers, applied online for an Investment variable home loan of $800,000 with Tictoc afer seeing all the advertisement on social media. The proof will come from their service through the next few years. Overall, I felt supported and valued as a customer during a period of high demand and activity.ĬAVEAT!: At this stage I am going through the first stages, reaching an approval recently. Through the buying process it was also evident that Ti:Toc had more flexibility than other brokers would make out smaller lenders to be. Stephen who took up my application worked through my non standard financial situation and had been available to answer questions throughout the process. However, replies to my questions were always prompt, and considering my repeated questions when new problems or issues arise, I appreciate the patience and promptness of the replies, both through email and phone calls. To be fair, the different business model means that contact is only done through online. The application process itself was not straight forward, which would be expected from any lender. Read more ugh a mortgage broker I was not able to get similar low rates with the accompanying features. General questions about the process itself were answered patiently, something that I could not get from the call staff of other non major bank lenders. The first person who answered the phone was willing to answer all my questions even without a guarantee of my business. The first impression of Tic:Toc was of genuine helpfulness. Prior to that I had contacted a few other institutions ranging from low cost no frills to more established banks. I came across this lender after reading about it on a rating website.
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