When approaching lenders about the the potential low doc home loans available to you, there will be a lot of things to discuss. With the wide range of different aspects to cover, it’s understandable to be slightly overwhelmed by the whole process. However, taking it one step at a time and learning the in’s and […]
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There are a wide range of different mortgage products out there in the Australian market. Half the battle of securing property – whether you’re interested in residential or commercial – is finding the right financing option for you and your personal goals. With the expanded market, it can be difficult to figure out the best […]
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Everyone knows there are a lot of rules surrounding what you can and cannot do with your self managed super fund (SMSF) loans. But one thing that can be a little tricky is renovations, especially if you’re hoping to use your SMSF to help pay for the modifications. However, there are very specific outlines laid […]
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When you begin looking into mortgages like low doc home loans, it’s important to understand there are more criteria involved than if you were simply looking into something like a fixed-rate home loan. One of the main differences is that these mortgages are usually sought by self-employed individuals who don’t necessarily have the required documents […]
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There are a number of reasons why someone would need to investigate bad credit home loans to fund their residential property goals. Whether they’ve had some bad run ins with credit providers in the past, missed repayments on previous credit products or have suffered from bankruptcy – the reasons for looking into other, less conventional […]
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Seeking a copy of your credit report is an important first step to take towards securing a low doc home loan in Australia. After all, you need to be able to prove to potential lenders that you’re a trustworthy, stable applicant that they can trust. What better way to test this than looking into your […]
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There’s a lot of confusion surrounding the rules and regulations regarding self-managed super funds (SMSF). The Australian Taxation Office (ATO) states that SMSFs must have their accounts, statements and compliance audited on an annual basis. Fund trustees are in charge of appointing an auditor and providing them with all the documentation they need to perform […]
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The long and short answer to this question is no. Low doc loans are different types of mortgages from traditional home loans, but they do not feature hidden charges or extra costs. However, this isn’t to say that taking out a low doc loan doesn’t come without its own costs. Every mortgage has expenses attached […]
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Timing plays a role in everything in life, including your ability to take out a home loan. Fortunately, being in business for yourself for only 12 months doesn’t have to be a deal breaker for obtaining a low doc home loan. In order to take out low doc loans, you need to have an Australian […]
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Whether you’re using a low documentation mortgage or a more traditional loan option, how much money you can borrow will come down to a number of factors. Of course, there’s a big difference between how much money a lender may make available to you and how much money you can comfortably afford to repay. Calculating […]
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