Early in February, the Reserve Bank of Australia (RBA) announced that the cash rate would remain unchanged at 2 per cent. The low rate does not mean that commodities will become more affordable necessarily, however there are indicators that light your way towards investing in property. While the cash rate remains at such a low […]
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Mortgage repayments can often weigh heavy on the minds of people, but low doc loans could offer a more relaxing way to own a house. A report from YourMortgage recently noted that if you are paying more than 30 per cent of your income towards your home loan, it is classified as ‘stressed’. Real Estate […]
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We Aussies love being our own bosses. As indicated by Independent Contractors Australia, 17.2 per cent of workers in the country were self-employed by 2013, which translates to around two million people. However, being a self-employed worker means that you face certain risks and challenges that ordinary employees would not. Taking out a self-employed home […]
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If you’re house hunting but don’t have the traditional papers that many banks require, you’ll need a low-doc or self-employed home loan. Negotiating this can be a little tricky, especially when you’re dealing with conventional financial institutions. Fortunately, specialist lenders like Redrock remove this burden by making the process for this type of borrowing much […]
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The mortgage brokering industry has had quite a year. The Mortgage and Finance Association of Australia (MFAA) reported on November 12 that brokers were now responsible for more than 50 per cent of all lending in the preceding quarter. This comes from a report the MFAA commissioned, that was carried out by CoreLogic service ‘comparator’. […]
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If you’re in the market for a low doc loan, then prices are going to be key. After all, with this kind of non-traditional lending you might face higher loan value ratios (LVR) and higher deposits. At Redrock we can help you find such lending with ease, but where do you then use that loan? […]
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With the new year approaching on the horizon, people will soon begin making their resolutions for 2016. So what is on Australian’s minds and what will they want to achieve? A 2014 release by Finder.com.au explored the resolutions people made for this year. Out of the respondents, 15 per cent of people’s New Year’s goal […]
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There’s been much speculation about where the property market is heading, and when price growth in hot markets might finally abate. Self-employed home buyers and others who utilise low doc loans already deal with a good measure of uncertainty around cash flow and what not. Solid evidence that the market has peaked would be music […]
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The Christmas season is speeding around the bend like a pack of flying reindeer. This means people will soon be up in their necks in gift buying, wrapping and festive jingles. Not to mention, the surge of Australians frantically packing their luggage to go on vacation. But just because lots of people are going on […]
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There are many challenges that self-employed first home buyers (FHB) face. While sometimes having to deal with irregular cash flow, they often also lack the documents required for traditional mortgages. Of course, getting in touch with low doc and bad credit mortgage specialists will go a long way in vaulting these obstacles. If that wasn’t […]
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