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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Low doc loans are a great way for you to secure your home finance if you have a bad credit rating. Having limited financial documentation will not hold you back with a low doc loan. If you run your own business or have had credit troubles in the past then fear not. Unlike a bank […]
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Superbowl 50 was one of the biggest sporting events ever seen. The money poured into the half-time show was immense, with some 30 second advertising blocks costing more than US$4 million. Australians are big sports fans too, and for many the Superbowl is another opportunity to delve into the sporting world and live amongst the […]
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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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There’s no positive way to spin it. Having a bad credit score simply isn’t a great thing to have, and there are several ways it could put a strain on your lifestyle. This might include trouble renting an apartment (as landlords often do credit checks), higher insurance premiums and greater difficulty when getting approved for […]
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