Low doc loans provide self-employed borrowers with the finance they need to make their dreams of home ownership a reality. Unlike traditional mortgages, low doc home loans don’t require the same amount of paperwork at the time of application. In addition to being asked to self-certify their income, low doc home loan borrowers may be […]
Read More
When taking out a self managed super fund (SMSF) loan in order to invest, you will need to create a specific borrowing arrangement. This is known as a limited recourse borrowing arrangement (LRBA). In order to ensure your structure meets LRBA guidelines, you must meet certain guidelines. First, the borrowing must be used to obtain […]
Read More
Sometimes having no credit history can be worse than having a bad credit history. Even borrowers who have gone through bankruptcies and other financially damaging situations can obtain specialised loan products like bad credit home loans. Fortunately, there are strategic ways to build a credit history if you’re starting from scratch. First, keep in mind […]
Read More
Poor credit can make obtaining a home loan much more difficult, but that doesn’t mean gaining access to the finance you need is impossible. There are plentyof strategies you can use to make yourself more attractive to lenders. Collateral The reason bad credit makes it harder to get a mortgage is because it shows lenders […]
Read More
Self-employed borrowers can do plenty to improve their chances of receiving a home loan by following some smart strategies. Obtaining a home loan can be difficult for anyone, but the mountain can be particularly hard to climb for self-employed borrowers. It’s with this in mind that Australians who act as their own bosses should employ […]
Read More
Many people still don’t understand why SMSF loans have become so popular for investing in real estate. Understanding the benefits will clear this up. Self managed super fund loans have become increasingly popular in Australia, but for those who don’t’ fully understand the process, the question of why remains. After all, what’s the point of […]
Read More
Understanding how lenders mortgage insurance works is important for borrowers of all stripes, whether for traditional home loans or low doc home loans. Whether in the market for traditional home loans or low doc home loans, one matter you’ll need to understand concerns insurance – specifically, lenders mortgage insurance (LMI). What is LMI? LMI is […]
Read More
It’s only natural to want to improve your credit, as it impacts many aspects of your financial life. This is especially true when it comes to borrowing money, making a strong credit score something all home loan borrowers should strive for. While there are lots of ways to improve your credit, there are also lingering […]
Read More
Low doc home loans can be an invaluable tool for self employed borrowers, but low documentation isn’t the same as no documentation. Borrowers will still be asked to provide some proof of income and assets, and oftentimes this involves a BAS. What is a BAS? A business activity statement, or BAS, is a special form […]
Read More
Low interest rates have been a boon to home loan borrowers in recent months, and according to the Real Estate Institute of Australia (REIA), they may continue to be for the foreseeable future. The Australian Bureau of Statistics (ABS) reported on January 22 that the consumer price index (CPI) rose 0.8 per cent during the […]
Read More
