From getting a mortgage to making an offer, the more you understand about the property transaction early on, the less overwhelming it will be. This doubled First Home Owner Grant will come into effect from Monday, 20 November. At Suncorp Bank, we call this step ‘pre-approval’, but different. $460,415*Suncorp key facts. Our first buyer's guide contains all you need to know about making one of your biggest investments ever. 69% p. For example, up until 30 June 2017, the Queensland Government will contribute $15,000 - $20,0000 to help first time buyers buy or build their new house, unit or townhouse (valued at less than $750,000). 00. $600,000. These are government assistance programs that offer first home buyers incentives to access the property market. ) is calculated by subtracting a discount of 0. Take out a new Suncorp Funeral Insurance policy and get a $100 eGift card after your first 4 months of cover. Pre-qualify to get a better understanding of your borrowing position and what deposit you need. How does the home loan process work? I’ve found a home, now what? Compare home loans from 5. Our plan is to buy this first property as a 'stepping stone', something that we can live in while we start our family, and upgrade when they go to school (in around. The Home Package Plus First Home Buyers Special Offers are only available for new owner-occupied first home buyers who have never previously purchased a property a first home property. Negotiate any repairs or credits with the seller. Suncorp has a loan package called the Deposit Kickstart Home Loan, which allows first-home buyers to get into the real estate market faster without needing a deposit. com. Simply adjust your loan amount, loan terms, and interest rate to see how you could pay off your home loan faster. You can access informationBuy or build your first home sooner. Free Copy Of Your. Kāinga Whenua Loans. 9 billion ($3. AX> said first-half profit slid by a sixth on a jump in claims after a powerful hailstorm in the city of Melbourne and a spike in costs, but predicted better. Yes, the Queensland First Home Owners' Grant offers $15,000 to first-time owners buying or building a new home. Buying a Home. Suncorp car insurance provides the choice of 5 levels of cover and is backed by a fast and efficient 24/7 claims service. You can make a withdrawal from more than one RRSP as. Rates and discounts are subject to change. This program has a low down payment requirement and features a lower-than-average interest rate. Switching to Suncorp. 6. 98% p. If you want to buy a home at. from the Standard 3 Year Fixed Rate (currently 6. Suncorp Bank (Suncorp-Metway Ltd ABN 66 010 831 722) is only liable for the banking and home loan products or services it provides and not the products and services of other companies in the Suncorp Group. At the expiry of the 3 Year Fixed Rate Term, the loan will revert to the applicable Standard Variable Rate advertised at the time (currently 8. Since its inception, the rules have changed greatly from state to state and the funds given to buyers differs significantly. 09 % P. nz is a step-by-step guide to help you understand how it all works and what comes next in the process. St. com. Get a $3,000 Solar Home Bonus when you apply for a new eligible Suncorp Bank home loan on a property fitted with an eligible solar power system. Split rate loans available. Compare. This can include financial assistance in the form of stamp duty concessions. Please note, if you are self-employed or there are more than two borrowers, please call us on 1300. Rules vary depending on the state or territory. Check out the video for Andrew’s answers to some common home buying questions to gain. T&Cs apply. The First Home Owners Grant is a government scheme offering a one-off grant payable to eligible first home owners who are looking to be owner occupiers. Read more now. $200. Read more here to find out what you could be entitled to. Banking and home loan products are issued by Suncorp-Metway Ltd (“Suncorp Bank”) ABN 66 010 831 722 AFSL No 229882 Australian Credit. “Undeveloped blocks are scarce in many suburbs, so it makes sense to be open to the opportunities in the areas you love. Reach Out to a Mortgage Lender. This calculator will give you an estimate in approximately 2 minutes to help your home-buying journey. com. Home Package Plus - First Home Buyer. This Suncorp-Metway home loan has an interest rate of 6. $1,215. For the RFHBG, any Guarantee of a home loan is for up to a maximum amount of 15% of. VA loans are no-down-payment loans for borrowers with a. Up to $2,000. g. Under the First Home Buyers Assistance Scheme (FHBAS), eligible first home buyers purchasing an existing property for $800,000 or less won’t pay any transfer duty at all. Read the policy booklet before buying this insurance. Think of a $400,000 house. Close on your new home. Home Loan Interest Rates. 25% p. One of the most important steps to buying a house for the first time? Figure out your finances. The home loan application process can be completed in a few ways, including with a Suncorp Mobile Lending Manager or a mortgage broker. Tips for first-time homebuyers: finding the right mortgage. Tacoma first-time home buyers. T&C’s apply. What is worrying is that. Or, buy or build your first home with a deposit of 5% under the First Home Guarantee or Regional First Home Buyer Guarantee. Products and services including banking, home loans and insurance are provided by different entities of the Suncorp Group. Suncorp - Home Package Plus Fixed Rate Home Loan 1yr - 1 Year Fixed Rate. Tell me moreExplore a Range of Articles and Explainers on Everything from Home Loans and Deposits, to Home Building Tips and Tricks - Find Out More NowGrants and Government schemes. Explore a Range of Articles and Explainers on Everything from Home Loans and Deposits, to Home Building Tips and Tricks - Find Out More NowThe First-Time Home Buyer Incentive is a shared-equity mortgage with the Government of Canada, which offers: 5% or 10% for a first-time buyer’s purchase of a newly constructed home. As the first home is valued between $530,000 and $534,999. 3. . The First Home Super Saver Scheme allows you to save for your. Australia real New Zealand Building Gang is buying the credit limb off insurer Suncorp User with A$4. 33 billion), as the smallest of Australia's major lenders seeks to revive growth at home after falling behind rivalin. Some federal programs define a "first-time" buyer as one. First Home Owners’ Grant. When you’re buying your first home, there’s a lot to learn. 94% p. Suncorp’s offers for First Home Buyers can help ease some of the strain by refunding the annual $375 fee. The amount and types of excesses will be shown on your certificate of insurance. With the Standard First Home Buyer Special Variable Home Loan from Suncorp-Metway you can borrow between $150,000 and $5,000,000, and is available on homes with a. This Suncorp-Metway home loan has an interest rate of 6. An add loan will increase your current repayment amount, but your remaining loan term, and loan type remains the same. In the company’s annual report [ pdf. on new lending of $150,000 or more. At this point, you should know what monthly payment you’re comfortable. Please refer to our inner city apartments page for more information. The KiwiSaver Scheme Rules in Schedule 1 of the KiwiSaver Act 2006 have been amended to allow KiwiSaver members to withdraw their savings to purchase their first home before the agreement is unconditional, provided any payment is made to "a stakeholder". Read the policy booklet before buying this insurance. It could be more affordable than buying a home as an individual, because you will probably have more money to pool together. a. First Home Super Saver Scheme. Published 05 May, 2017. Buying a Home. Queensland, you pay stamp duty within 30 days of settlement. Click here to read our lender review of ANZ. D. The First Home Guarantee is a government initiative that provides eligible first home buyers the opportunity to buy or build their first home with a deposit as little as 5%. This is divided by the total months in your loan term to get. My pre-approval expires on: I’m buying a home!Nov 10, 2022 – 3. 2 Building Supplies and Age of the House; 4. Learn more about schemes and grants. Equity in an existing property (some lenders only). ANZ shares were trading 1 per cent higher after the decision but slid towards the close and were flat at $25. The way this is calculated is through the LVR – Loan to Value Ratio. a. Learn more about the First-Time Home Buyer Incentive. - Home Buyer Declaration. Australia and New Zealand Banking Group is buying the banking arm are insurer Suncorp Group for A$4. Today Suncorp provides term deposits, savings accounts, home loans, personal loans and other financial services to over 800,000 customers through 178 retail outlets, 680 ATMs, 46 Business Centres, online banking. 10am. Suncorp–Metway Limited - ABN 66 010 831 722 - GPO Box 1453, Brisbane QLD 4001 1 4 May 2017 Exclusive offer to help first home buyers enter the property market Suncorp has announced an exclusive new offer for first home buyers to help them realise their property ownership dreams. 0. a. This enables an eligible home buyer to purchase a home with as little as 5% deposit without paying Lenders Mortgage Insurance. If you first purchase or have an existing Suncorp Car or Motorcycle policy, you can get 20% off new Suncorp home insurance. Only the home concession applies because the value of the residence is over $550,000. Accounts consist of every day, savings, and kids’ accounts. Suncorp Executive General Manager Lending, Glenn Haslam, says buying a home can feel overwhelming, however, if people have the right information and support, it can be a straightforward process. Products and services including banking, home loans and insurance are provided by different entities of the Suncorp Group. Buying your first home is an exciting but expensive process, and the price you see in an ad or at auction is rarely the full cost. This will allow you to make an educated decision. Visitors’ contents. SUNCORP LIFE INSURANCE Suncorp Life Insurance products, other than in some. Now in year two, financial results are proving out longer-term validity of GSB’s approach for Keleher. You must apply for a grant and/or pre-approval for the first home owner rate of duty within 12 months of completion of the eligible transaction. Banking and home loan products are issued by Suncorp-Metway Ltd (“Suncorp Bank”) ABN 66 010 831 722 AFSL No 229882 Australian Credit Licence 229882. From there, it can work out based on the loan principal plus the interest what the total figure it is you need to pay over the loan term. Launched on April 1, 2023, the First Home Savings Account (FHSA) is a savings and investment tool to help first-time home. Suncorp offers a range of financial products and services, including personal and home loans, credits cards, savings accounts, commercial and. Reasons to Invest in an FHSA: Use it to save up to $40,000 for your first home. 58% p. Better has the right combination of features and perks, including no unnecessary fees, low mortgage rates, and a fast 100% application process. The program’s official name is H. For the latest state-based information, chat Suncorp's Home Package Plus Special Offer for First Home Buyers allows customers to choose from a competitive Standard Variable rate or a 5 Year Fixed rate of 3. (‘New Suncorp home insurance’ excludes landlord and strata insurance). a. on new lending of $150,000 or more. 1% year over year. Who is involved?. Typical first-time home buyer qualifications include: Credit score of at least 620; Down payment of at least 3%; Debt-to-income ratio below 43%; Steady income; Two-year job history;Qualified applicants can apply for The First-time Homebuyers Assistance Program starting Tuesday, July 11, 2023. This estimation takes approximately 2 minutes to complete and will also tell you if you could be eligible for the First Home Buyers Grant in your state. Finding the ‘right’ home is subjective. NSW woman shares ‘stressful’ Suncorp insurance claim after natural disaster. Home loan pre-approval happens when your lender agrees, in principle, to lend you money for the purchase of a new home. 15. Suncorp’s offers for First Home Buyers. a. All Special Offers are only available once all. 39% p. If successful, your home loan would increase to $465,000, and you’d still have 20 years to repay that amount. Who comes first, pets or friends?. 5% for those with credit scores of 580 or. First Home Super Saver Scheme. I’ve chosen and met with my home loan specialist. Andrew Date, buyer’s advocate and Principal of Industry Insider, is an expert at helping home buyers navigate the home buying process. Explore a range of articles and helpful tips to help guide you through the process. The Scheme includes three types of Guarantees: First Home Guarantee (FHBG) – supporting eligible home buyers to buy a home sooner, with a deposit as little as 5%. Exclusively for first home buyers, we offer special discounted rates on loans of $150k+. Traditionally, home buyers need to save a 20% deposit to avoid paying costly Lenders' Mortgage Insurance (LMI). To get the most competitive interest rate with the Back to Basics Loan of 5. Checking your credit well in advance of beginning your home search will give you time. The millennial approach to buying a home. Buying a Home. Owning a house and starting to pay off a mortgage starts off a new chapter in your adult life. 49% p. Suncorp’s Home Package Plus. The maximum LVR one can be approved for is 95%, including LMI. If you need help or just want advice, talk to one of our Home Loan Specialists and get started on your home buying journey. As an incentive for first home buyers, most Australian states and territories offer stamp duty concessions to those purchasing their first property, if it's under a certain amount. See terms used in the Lodgement Guide for more information about the completion date. New Home Loans >= $150,000 and Loan to Value Ratio (LVR) must be as stated. Who comes first, pets or friends?. If you need help or just want advice, talk to one of our Home Loan Specialists and get started on your home buying journey. 3 Research your future home. Suncorp Insurance has launched a new chapter of their Resilience platform via Leo Burnett Australia with ‘If your home could talk’, a campaign that focuses on South East Queenslanders and how they can think differently to protect their homes from extreme weather events. Helping you at every step, from pre-approval to shortlisting homes, conveyancing and settling on your new property. Price thresholds on property values apply as per the table below. Exclusively for first home buyers, we offer special discounted rates on loans of $150k+. Pre-approvals excluded. You can then choose to pay now, schedule a repayment in the future or set up recurring repayments. Low first home buyer loan rates & offers available to help you unlock that door sooner. 15% multi-policy discount # when you combine any 3 or. Suncorp's Home Package. Key features. So ultimately, it works in. Tips and ideas the guide you through every set of the home buying process – from frugal for a deposit at movable in. How to save for your first home in Australia. 2. can be eligible even with only 5% deposit) and up to 110% LVR with a home loan guarantor. ME has launched one of its best-ever home loan offers, designed exclusively for First Home Buyers. Based on: Deposit $550000, Property value $1000000, Principal & interest, Purchase or Refinance. 48% (comparison rate 6. Paying the annual sum of your premium will be cheaper compared to paying it monthly. Here are six first-time home buyer loans and programs that are worth exploring. Find out more. Here are some practices to consider. Before inviting buyers over to test drive your vehicle, speak to your insurance provider and find out if you are covered in the event of an accident with someone else behind the wheel. If you’d like to speak to someone straightaway, please call 13 11 55 Mon-Fri 8am-7pm and Sat-Sun 9am-2pm (AEST) Things you should know. Suncorp Bank occasionally has some great home loan specials with interest rates below the major banks. The First Home Savings Account (FHSA) You may be eligible to save up to $40,000 tax-free to buy a home with an annual contribution limit of $8,000. An eligible home loan is a First Home Buyers Standard Variable Special Offer or First Home Buyers 5 Year Fixed Rate Special Offer with minimum new home lending in the Home Package Plus of $150,000. PC is an authorised agent of nib and receives commission from nib. Suncorp Bank (Suncorp-Metway Ltd ABN 66 010 831 722) is only liable for the banking and home loan products or services it provides and not the products and services of other companies in the Suncorp Group. Mortgage. Our first buyer's guide contains all you need to know about making one of your biggest investments ever. For example, a new loan may incur an establishment fee, while other fees such as a monthly. Talk to a home loan expert. 84% p. This is the go-to program for many first-time home buyers with lower credit scores. Settled. Phone Number +61 13 11 75. Call us on 1300 889 743 or fill in our online enquiry form to get started on your property buying journey today. It’s full of handy features, and best of all, offers some seriously competitive rates. Suncorp key facts. govt. Typically when a big bank acquires a new subsidiary, it continues to run under. Suncorp’s offers and competitive rates for First Home Buyers could help see you in your own home sooner. The program typically requires participants to complete a homebuyer education. au. Explore a Range of Articles and Explainers on Everything from Home Loans and Deposits, to Home Building Tips and Tricks - Find Out More NowBuying your first home in Australia. View and compare Suncorp Bank home loan offers. Banking products are issued by Suncorp-Metway Ltd ABN 66 010 831 722 AFSL No 229882 Australian Credit Licence 229882 (“Suncorp Bank”) to approved. A down payment or first-time homebuyer grant is essentially free money to help you cover your down payment or closing costs. As the first home is valued between $530,000 and $534,999. on new lending of $150,000. First-time home buyers are more commonly recognized according to several criteria with regards to. Under the scheme, a one-off grant is payable to first home owners that satisfy all the eligibility criteria. Here's what not to do!The First Home Owners Grant is a one-off grant that offsets the cost of GST on home ownership for eligible first home buyers. 9 per cent ($517 billion). Suncorp’s Home Package Plus Special Offer for First Home Buyers allows customers to choose from a Standard Variable rate or a 5 Year Fixed rate of 3. Suncorp Group’s Post Suncorp Group 112,933 followers 1y. Typical Suncorp First Home Buyer First Home Buyer Snapshot Our First Home Buyer offers Home Package Plus1 First Home Buyer discounted interest rates plus a fully transactional account with up to 9 sub-accounts. 9 zillion ($3. 7 billion, top-50 listed company. What is worrying is that. 3. buyers purchase their first home sooner. The more the owner borrows, the higher the LMI premium. Better. Your borrowing capacity relates to your current financial situation, including your income, financial commitments and regular expenses. Buying a home involves finding the property, securing financing, making an offer, getting a home inspection, and closing on the purchase. A conventional 97 loan let’s eligible home buyers borrow up to 97% of the home’s value with a down payment as low as 3%. 55pm. Traditionally, home buyers need to save a 20% deposit to avoid paying costly Lenders' Mortgage Insurance (LMI). Adult ticket prices during the 2023 regular season started at approximately AUD $25, including fees. Buying a Home. Suncorp - Home Package Plus Fixed Rate Home Loan 5yr - 5 Year Fixed Rate. Decide on the style of house you want by looking at a wide range of display homes, be realistic about size and the number of rooms you need, and check cost-saving options in terms of fittings. As an incentive for first home buyers, most Australian states and territories offer stamp duty concessions to those purchasing their first property, if it's under a certain amount. Manager, Suncorp Group Content & Personalisation: Ashika Naran. First-Time Home Buyer: An individual who is purchasing a principal residence for the first time. If you’re a Suncorp Bank customer, you can now do all your everyday banking easily from the Suncorp App. Please note that fees may apply for some methods of payment. | May 20, 2023 Buying your first home is confusing and stressful. My loan has been pre-approved! The period of home loan pre-approval is usually three months. Contact Email [email protected] per cent for first-home buyers on the “Home Package Plus” plan. 1. Home Loans are issued by Suncorp-Metway Ltd ABN 66 010 831 722 AFSL No 229882 Australian Credit Licence 229882. Some states and territories offer stamp duty reductions or exemptions on stamp duty for some first home buyers; Extra cost considerations. You must be. The larger assistance amount comes with a higher interest rate. If you first purchase or have an existing Suncorp Car or Motorcycle policy, you can get 20% off new Suncorp home insurance. This Suncorp-Metway home loan has an interest rate of 6. The 1st Time Advantage 5000 provides buyers with a 0% loan of $5,000 to help cover the down payment and closing costs, and no payments are due until the mortgage is fully paid off. Your borrowing capacity relates to your current financial situation, including your income, financial commitments and regular expenses. There's always a chance something could go wrong when buying property. 4 per cent of outstanding home loans ($307 billion), still well short of Westpac's 21. The FHSA is a new kind of registered account that will allow first-time home buyers aged 18 or older to save up to $8,000 per year, up to a total of $40,000, towards the purchase of a home. Under the Scheme, eligible first home buyers can purchase a modest home with a deposit of as little as 5. Zoran advises clients to first consider all their options. au or call 1300 313 798. Interest Rate. 3 15% Multi Policy Discount: Combine 3 or more eligible products with us and you could qualify for a 15% Multi-Policy Discount. The First Home Owners Grant If your state or territory offers a first home buyers grant and you’re eligible, this is a great way to boost your deposit. 4. It can be hard to know where to start. 110% LVR no deposit First Home Buyer Loans. 6 months. Complete an application with your personal and financial details, such as your ID and tax file number. It’s a national scheme, however the grant is funded and administered by each state or territory. Products and services including banking, home loans and insurance are provided by different entities of the Suncorp Group. a. Borrowing Power Calculator. Suncorp Bank (Suncorp-Metway Ltd ABN 66 010 831 722) is only liable for the banking and home loan products or services it provides and not the products and services of other companies in the Suncorp Group. Eligible first home buyers get a double dose of stamp duty discounts in Queensland – duty is calculated at the home concession rate minus the additional first home concession amount. There's always a chance something could go wrong when buying property. 5 Get ready to buy. Learn more about schemes and grants. First-home buyers are provided the same low rate on a standard variable or five-year fixed loan term. Explore a Range of Articles and Explainers on Everything from Home Loans and Deposits, to Home Building Tips and Tricks - Find Out More NowSuncorp Group Limited is an Australian finance, insurance, and banking corporation based in Brisbane, Queensland, Australia. QBE defines property as being high-density based on the size of the block of units, not because of the postcode. Contents Insurance covers the stuff inside your house. New York-based ESL Federal Credit Union has a matching program for Black and Latinx first-time. To qualify, at least one borrower must be a first-time home buyer. Suncorp’s shares were also flat at $14. This estimate will take 2 minutes to complete and will show you what your repayments could look like. The better your credit score, the lower the interest rate you’ll get on your mortgage. annual fees, application fees) on top of the interest rate. Suncorp Back to Basics Home Loan - Better Together Special Offer $150k+ LVR 90% to 95% Incl. First-time buyers make up 43% of the new home market. Economy Variable Rate 3. The Scheme is administered by the National Housing Finance and Investment Corporation (NHFIC). NAB supports eligible buyers to access the Family Home Guarantee with a deposit as low as 2%. 99% p. Pre-qualify to get a better understanding of your borrowing position can and what deposit you need. We have our Suncorp pre-approval ready and plan to go to an auction for a property in a few weeks' time. (5. Suncorp Bank (Suncorp-Metway Ltd ABN 66 010 831 722) is only liable for the banking and home loan products or services it provides and not the products and services of other companies in the Suncorp Group. National and state first. Suncorp Group on LinkedIn: First Home Buyers Loan Low first home buyer loan rates & offers available to help you unlock that door sooner. Talk to a lender to learn more . and a comparison rate of 6. The property must be: within the maximum house price caps for older/existing properties. Talk to an expert about your home loan options. Refer to the Home Lending Interest Rate Guide (PDF 442KB) for other available interest rates,. Before you buy, it's important to not only obtain legal advice, but to properly inspect the home for any pests and building issues to ensure you aren't faced with any unwanted (and costly) surprises down the. a. From 1 July 2023, the transfer duty exemption threshold for new and existing home purchases by eligible first home buyers will increase from $650,000 to $800,000, and the concessional rate will increase from $800,000 to $1 million. The. Banking and home loan products are issued by Suncorp-Metway Ltd (“Suncorp Bank”) ABN 66 010 831 722 AFSL No 229882 Australian Credit Licence 229882. There is a catch, though: properties must be valued under a specific cap – currently $550,000. Talking to a Suncorp Bank Home Loan Specialist will help you get a sense of how much extra you'll need to complete your purchase, and make the process of becoming a home owner a lot smoother. Products and services including banking, home loans and insurance are provided by different entities of the Suncorp Group. The grant amount. 6. 49% p. ) less the Home Package Plus discount. Products and services including banking, home loans and insurance are provided by different entities of the Suncorp Group. 67%. | May 20, 2023Explore a Range of Articles and Explainers on Everything from Home Loans and Deposits, to Home Building Tips and Tricks - Find Out More NowProducts and services including banking, home loans and insurance are provided by different entities of the Suncorp Group. $0 for first home buyers, $7000 for others. “Undeveloped blocks are scarce in many suburbs, so it makes sense to be open to the opportunities in the areas you love. Government agencies sell real estate and federal lands either by auction or offer. (6. Claims can be lodged online or by phoning the Suncorp home insurance claims department on 13 25 24, available 24 hours a day, any day of the year. 5 per cent ($430 billion) and the Commonwealth Bank's 25. The first step to buying a home is to learn what kind of ground you’re standing on from a lender’s perspective — and that means knowing your credit score. Loan amount. Updated Aug 8, 2022 – 5. A conventional 97 loan let’s eligible home buyers borrow up to 97% of the home’s value with a down payment as low as 3%. Suncorp Group’s Post Suncorp Group 113,829 followers 1y. A Suncorp Bank lending specialist can answer your home loan questions and help every step of the way, from application to settlement. 49% p. help. a. Buying a home is a big deal with many things to consider, like saving a deposit and getting a home loan. Suncorp *First Home Buyer* Package Plus Fixed 5Yr Back to Basics Better Together Back to Basics Better Together (Inv) Home Package Plus Variable Home Package Plus Variable (Inv) Home Package Plus Fixed Home Package Plus Fixed (Inv) Teachers Mutual Bank *Essential Worker First Home / HGS* Your Way Plus *Essential Worker First Home /. Suncorp’s Home Package Plus Special Offer for First Home Buyers allows customers to choose from a Standard Variable rate or a 5 Year Fixed rate of 3. - Current Notice of Assessment. The purpose of the First Home Buyer Guarantee (FHBG) is to support eligible home buyers to enter or re-enter the housing market sooner. All rates are valid until withdrawn and are subject to change. Suncorp Customers Login. Home Package Plus (HPP) Standard Variable Special Offers valid 20 October 2023. Sales to first-home buyers grew 50 per cent, from $800 million to $1. HPP Fixed Rates Special Offers valid 20 October 2023. 9 billion ANZ-Suncorp merger for a week and will now have its final say on August 4. It doesn’t matter whether you’re a first home buyer or a hundredth home buyer – when you’re applying for a home loan, you want the process to be as smooth as possible. The dividend payout ratio is 60.