With the multitude of mortgage related terms floating around the industry, you’d be forgiven for feeling a little overwhelmed. There are so many concepts to grapple with that can affect the way your home loan experience plays out, but one of the most important to understand is the concept of loan to value ratio (LVR). […]
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There are a number of benefits that can come from taking out self managed super fund (SMSF) loans, as opposed to owning it under your own name. Concessional tax for rental income For example, if you hold an investment residential property under your own name, the tax you pay is based on your personal income […]
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There are a number of reasons why someone would want to apply for a home loan. However, the most obvious one is to begin the process of purchasing their own property and secure one of the biggest assets of their lives. A lot of benefits can come from owning a property, after all. Even if […]
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If you’re looking into securing bad credit home loans, there are a number of things you will need to take care of before securing the finances. For example, one of the important pieces of information needed by your lender to make the decision about your home loan status is a credit report. These documents can […]
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If you find yourself considering bad credit home loans, it could help to know what lenders will be assessing you on when they’re reviewing your application. Based on the individual merit of each person, bad credit mortgages and the borrowing requirements could be dramatically different between people. For example, the more severe your credit history, […]
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After applying for a low doc home loan, there will be a number of criteria analysed before you’re granted the mortgage. These factors are investigated in order to assure the lender that you’re a viable recipient for their credit.Things considered include whether or not you have the capability to make the necessary repayments. Here are […]
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If you’re looking into low doc home loans for your future, there are a wide range of things you need to take into consideration before committing to any one product. One of the most important to wrap your head around is lenders mortgage insurance (LMI) and how it works with this type of home loan. […]
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Bad credit mortgages exist to help borrowers who are suffering from less than perfect credit histories. However, there are others out there looking to take advantage of these consumers. The Australian Securities & Investments Commission (ASIC) warns consumers to be wary of credit repair scams. Types of credit repair scams There are various forms of […]
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Self managed super fund loans can be the perfect way to invest in property andhelp towards a comfortable retirement.First, anSMSF has the ability to acquire a property it might not otherwise be able toafford. Secondly, through the use of limited recourse borrowing, SMSFs can resteasy knowing any other assets are secure since lenders do not have […]
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Bad credit mortgages are designed to help specific home loan borrowers, but many Australians may not know if they’re part of this demographic or not. While it pays to talk to a loan specialist to explore your options and determine which mortgage is best suited to your needs, there are certain financial circumstances that will […]
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