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 […]
Read More
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 […]
Read More
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 […]
Read More
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 […]
Read More
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 […]
Read More
Anyone who’s finally making the decision to seek out and purchase a dream home shouldn’t let a poor credit score stand in their way. Unfortunately, many Australian consumers do have a low credit score, and who think this hinders their ability to get a home loan. A borrower who has a low credit score does […]
Read More
Being self-employed can be one of the best experiences for earning a living. You run the show, so you might set your own hours, work from the comfort of anywhere you’d like, and avoid all the workplace drama found at other jobs. But there’s also a catch: Often being self-employed means your personal finances are […]
Read More
If you’re self-employed or don’t regularly receive payslips, a low doc loan could be key to buying your first home. Low doc loans allow borrowers who don’t have payslips to prove their income via alternate documentation and get the approval they need. What’s involved with a low doc loan? Low doc loans allow borrowers to […]
Read More
Business activity statements (BAS) are one way borrowers can prove they have sufficient income to qualify for a loan. Where employed people can use payslips to show their earnings, those running their own business have to get a little more creative. What is a business activity statement? Every Australian business registered for GST has to lodge […]
Read More
If you want to use a low-doc loan for property investment, you’ll need to find the right lender and understand what they require of you. Each has a different set of criteria, and breaking down how they’ll assess your application is key to getting approval. Understanding low-doc loans Low-doc loans are designed to help borrowers […]
Read More
