How many years you have to run your business before applying for a self-employed home loan varies according to the lender. As a rule, you’ll need to own your business for at least 12 months, and possibly for longer than two years. For some banks, the most important thing is not how long you’ve owned your […]
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First-time home buyers can benefit from low-doc loans just like any other borrower. However, as with any other loan type, first-time buyers need to provide certain documentation that proves their reliability to the lender. How does a low-doc loan work? Low-doc loans provide a solution for those unable to prove their financial status through traditional methods […]
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A bad credit mortgage could be the solution that helps you move into a newly built home. For those with a poor credit history, a specialist mortgage loan like this is the best way to get the money you need to buy the home of your dreams as the acceptance criteria is more flexible. Bad credit […]
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If you’re looking to reorganise your finances or release some cash for new investments later this year, then refinancing with a low doc loan could be the way to go. Commonly, borrowers want to refinance in order to release equity from a property to invest elsewhere, or to consolidate existing debt into one easy-to-manage lump […]
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Even when applying for a bad credit mortgage, you’ll likely to get a better deal if you take steps to enhance your credit score. In order to review the effect of your improvement efforts, you’ll need to check your credit score on a regular basis, perhaps monthly or even every few weeks, so you stand the best chance […]
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Finding the right bad credit mortgage in 2019 is about understanding which lenders to approach and how to make your application appeal. You may need to take steps to improve your credit score in the long-term or provide a larger deposit. Working with a specialist lending broker makes it easier to understand what’s required and […]
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This month we are focusing on lending to self employed clients. Why? Well there are more than 2 million small businesses in Australia, with small business accounting for 97% all businesses in Australia, so its a significant market. We’ve been assisting self-employed small business owners with their finance needs since 2004. That is why we are […]
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Releasing equity from a bad credit home loan is possible, although not always as straight forward as in other circumstances. With a bad credit home loan, you’re already considered slightly more risky than other borrowers where traditional lenders are concerned. You may have to prove your reliability and accept a higher interest rate. What is […]
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Bad credit home loans tend to require a higher deposit because they’re riskier for the lender. Mortgage insurers are less likely to provide cover for borrowers with bad credit history, and lenders see applicants without insurance as a potential red flag. By requesting a higher deposit, lenders take steps to protect their investment. What level […]
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Lenders are always looking for borrowers who fit their criteria for lending. In the prime loans market, the standard often includes meeting credit score requirements and being able to provide particular documentation. However, one of the biggest challenges for borrowers is that no two financial institutions have the exact same criteria for their prime loan applications. […]
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