If you’re a self-employed home buyer, chances are you know all about how low doc home loans can help you purchase the property of your dreams. But residential real estate isn’t the only area where such can provide assistance. Low doc mortgages can be used for commercial office buildings, retail shops, industrial spaces and other […]
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How much money you put down as a deposit will play a major role in your home loan. Regardless of what type of mortgage you’re trying to obtain, most lenders will require a deposit of at least 20 per cent. If you were to default on your mortgage, the lender may be forced to sell […]
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Self-managed super funds (SMSF) can invest in numerous assets. This freedom is just one reason why SMSFs have become so popular in Australia over the years. Some examples of common SMSF investments include term deposits, Australian shares, insurance policies and debt securities. However, one of the most popular, especially in recent years, is property. Buying […]
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As the name implies, credit repair is all about fixing problems concerning your credit profile. As anyone who has ever tried to take out a home loan with poor credit can attest to, a damaged credit history can make obtaining much-needed funds extremely difficult. In fact, even one negative listing on your credit report can […]
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For instance, some loans are specifically geared for purchasing property, while others may be more suitable for refinances with unlimited equity release. Then there are low doc loans for debt consolidation and business expansion. Also, just like standard home loans, low doc mortgages can come with a variety of features attached. Sometimes it may be […]
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You may be borrowing money, but that doesn’t mean taking out a home loan won’t cost you. Mortgages come with various expenses associated with them, such as application fees. And depending on how much money you’re borrowing and how large your deposit is, you may be required to pay for things like lenders mortgage insurance […]
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If you’re interested in taking out a low doc home loan, there are a number of things to prepare before approaching a lender. With the nature of these mortgages, the precautions are heightened to protect both parties involved in the transaction. While you won’t have to bring as many pieces of information along to successfully […]
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Approaching the market as a home buyer versus looking for investment properties can be a jarring experience. If you’ve only ever purchased real estate to live in, you may find yourself looking for the wrong things for an investment property – and vice versa. However, taking out home finance for your property goals is only […]
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Saving up a 20 per cent deposit for a home loan can be difficult. However, if you’re already a home owner, it’s possible to access the equity in your current home as a deposit on another property. But first you need to understand what equity is and how it’s possible for you to access it […]
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Many Australians are beginning to embrace the real estate market as more people look into investing in property through a SMSF home loan. There are a wide range of benefits to undertaking this type of investment – ranging from ease of access to tax deductions and more. How can you use your SMSF for property? […]
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