Documentation requirements for low doc loans

Approximately 9 per cent of Australia's workforce are self-employed, according to a recent report from ABS. Many who fall into this category will know the difficulty in supplying documentation that accurately proves their income. Thankfully, this is not the obstacle it was 20 years ago, as many lenders now...

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When do you most need a specialist mortgage advice?

A lot of people don't fully understand why you might need professional mortgage and finance advice. After all, this is the age of the Internet. Anything an adviser knows you could surely find out yourself, right? Not exactly. In today's market, everyone can benefit from having an expert help find the most suitable home loan. Utilising...

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FHBs now allowed to enjoy similar benefits to SMSF trustees

It's no secret - Australians are currently faced with record low housing affordability. Home prices have climbed faster than our incomes, and while the private and public sectors are both doing what they can to help, some first home buyers (FHBs) say it just isn't enough. One proposed solution is to allow FHBs to use their superannuation money to come up with a...

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A silver lining for bad credit buyers

If you have no credit or bad credit, home ownership may feel unattainable. Many lenders don't work with clients who have low credit scores, and often the deals that are offered are less than appealing. Worried about applying for a home loan because you don't have the right credit or have been told 'no' before? Here are four things that might...

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A quick guide to SMSFs

Paycheck after paycheck, Australians watch 9.5 per cent of their earnings go into designated superannuation funds. With so much money being stashed away, it's no surprise more and more Australians are opting for self managed super funds (SMSF) that allow individuals much more control over how their nest egg is invested.  SMSFs now account for 29 per cent of the Australia's...

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Saddled with money trouble? You can still get bad credit home loans

The sad truth is if you have some unwise financial decisions in your past, those mistakes may haunt you for a long time. If you ran up too much credit card debt for your own good, or bought a car you couldn't afford, the side effects from such a misstep could stick with you. For example, you might have a...

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Low doc loans make it easier to build financial stability

In a perfect world, no one would ever have trouble with repaying their home loans. They'd simply take out money at a rate they could afford to repay, then steadily make the payments each month until they were squared away. The real world isn't perfect, though. Plenty of people in Australia have loans with increasing rates that they'll soon be...

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Are you feeling the pressure to hurry up and repay your low-doc loans?

If you're like most Australians, you had to take out a sizable loan when you first purchased your home, and now you're slated to spend decades of your life paying that money back. Needless to say, it can be stressful going through life with that heavy financial burden hanging over your head. For this reason, many people feel a sense of pressure...

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