3 things you need before you apply for a self-employed home loan

More than 2.4 million Australians work in the gig economy or run their own single-operator business, a figure that’s on the rise as more individuals turn to remote and contract work. If you’re one of the millions of people working on your own, you may be wondering whether you’ll be able to qualify for a […]

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Are loan to value ratios different for bad credit mortgages?

Maybe you made some financial mistakes a few years back, but have been working on repairing your credit since. While on that path, you may find yourself looking to buy a home, confident you’re on your way up in your career and ready to leap into homeownership. As a potential homebuyer, a mortgage broker can […]

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How much super do I need to buy an investment property?

There’s no legal minimum SMSF balance required to buy an investment property, but best practices recommend around $200,000. While the amount of money needed isn’t set in stone, having a large enough deposit in place covers the initial fees and operating costs that accompany running the SMSF and property. The general rule of thumb suggests […]

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What is a low doc loan?

One of the primary ways a lender establishes whether you’re a good candidate for a loan is through your income. Should you be able to comfortably afford to cover your mortgage payments each month in addition to any other bills and expenses you are responsible for? If so – and if you have a reasonably […]

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Is it possible to be pre-approved for a bad credit mortgage?

Just because you might have bad credit, it shouldn’t discourage you from obtaining a home loan. In fact, lenders now provide flexible financing options specifically designed for individuals with bad credit, known as bad home loans or mortgages. But this raises another question: can you obtain pre-approval for a bad credit mortgage? Let’s first take […]

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How can maximum loan exposure impact a self-employed home loan?

Running your own one-person business or being self-employed is a major goal for many entrepreneurs. You get to be your own boss, set your own hours, and make your own money. However, it does create some potential obstacles, such as qualifying for a home loan. There are two main reasons why owning your business or […]

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How do I know if I have a bad credit rating?

Home loans are the leading way Australians purchase homes when they don’t have a spare few hundred thousand dollars laying around. So how do lenders evaluate whether you’re a good candidate for a loan? Every time you spend money on a line of credit, you are building up your credit history. This may include credit […]

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Who is a good fit for a low doc loan?

When you apply for a home loan, various documents are typically necessary during the process. While the exact requirements may change depending on the circumstances, in most cases you’re required to provide a large amount of financial paperwork, most of them concerning your employment. For instance, you’ll be asked to provide weekly payslips, tax returns […]

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What is a self-managed super fund loan?

While many have already heard that a self-managed super fund (SMSF) can help them enrich their investment strategy, too few know exactly how the process works. But it’s an important subject to study, because for those looking to invest their superannuation funds, a SMSF can sometimes be the best manner in which to make real […]

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