Self-managed super funds (SMSFs) are notoriously surrounded in legal terminology, which, unfortunately, is rather important to understand to make sure you don’t do anything illegal. Here at Redrock, we’re pretty good at understanding it and how to get SMSF loans, so we’ve decided to help you out. Trustee Your fund can have either individual or […]
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As much as they promise, credit repair agencies often cannot clear up your credit record more than you can. If you still have bad credit, we can help. You’ve got a few blemishes on your credit report that you would like buffed away so that you can get a mortgage and buy the home of […]
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Having a bad credit history is not the be all and end all for getting a home loan, and you may not be penalised as much as you think. Here are three commonly held bad credit myths debunked. 1. I keep getting rejected for credit, I must not be able to get a home loan […]
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Low doc loans are great for people with a stable income and assets, but lack the necessary paperwork. They may not even attract higher interest rates. Low doc loans, also known as low documentation loans, are aimed at self-employed individuals. The reason being is that people who are self-employed can have steady incomes and assets, […]
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Self-managed super funds are great because they can attract tax breaks. Here we break them down and explain how they work. Self-managed super funds (SMSFs) are enjoying a period of growing popularity, with the total number of SMSF members breaking through the million mark early in 2014. The number of SMSFs has increased from around […]
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So you’ve decided to look after your future and gotten yourself a self-managed super fund (SMSF). You’ve even taken the step of investing in a property, probably with an SMSF loan. But have you considered what will happen to it if after you’re gone? Corporate trustees Each time an individual trustee joins or leaves your […]
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Your credit file, also known as a credit report, holds the information about your borrowing history and is created as soon as you start borrowing. It’s what lenders generally look at to see whether or not they want to loan money to you. Your file is made up of three components: consumer credit, commercial credit […]
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Do you have limited finances but still want to get a grip on the Australian property ladder? You may have to set your sights on a smaller home to begin with, but at least it’s a start. Fortunately, if the bank does say no there are still options available to you from specialist lenders, such […]
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Your credit report is an integral part of any finance application. To determine if you’re fit to make the repayments on your home loan, lenders will take a thorough look at your credit history. You can then access this in the form of a credit report, which is like a blueprint of your financial history. […]
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Often, the procedure of managing your finances and keeping everything in order can become overwhelming. Rent, mortgage, power, and water bills all need to be paid, and sometimes they can be forgotten about or unable to be met. There can be a number of consequences for missed payments, one of those being a bad credit […]
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