Low doc loans can be the solution for self-employed workers

Numerous factors can make it difficult for self-employed people to get a home loan. But with a bad credit home loan from Red Rock Mortgages, Australia's self-employed can jump aboard the homeownership train too. Why do self-employed people struggle to secure finance? A lender wants to see evidence of your capacity to meet repayment obligations. As such, a newly self-employed person may be unable to...

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What are the different types of bad credit home loan?

Whether you're investing in property or buying your first home, bad credit home loans can be a lifeline for people that get turned away from traditional lenders. But did you know there are different kinds of bad credit home loan, based on the circumstances of the borrower? Here are a few examples. Paid and unpaid defaults home loan Probably the most common type of...

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How to secure your first home with a bad credit mortgage

A bad credit mortgage can be a lifeline for those wishing to fulfil the Australian dream and purchase their first home. Depending on the reasons behind a bad credit rating, securing finance for your home doesn't have to be impossible. Red Rock offers bad credit mortgages for those that don't fit the traditional lender's criteria. What do I need to do to secure a bad...

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How is Australia's property market impacting bad credit home loans?

When bad luck comes knocking at your door, and you miss a few debt repayments, your credit score can take a hit. All of a sudden, securing a home loan becomes that much more difficult. A bad credit home loan could be the lifeline you've been looking for. It's not just your own financial circumstances that impact your ability to get a bad...

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Can you get a low doc loan with a bad credit score?

Low documentation (low doc) loans are financial products for self-employed people that lack the traditional documentation needed to obtain a home loan. Fortunately, you can get a low doc loan with a bad credit score, but there are some crucial steps you will need to take. First, if you don't know your credit score, you should find out what it is. Learn...

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Is property investment possible with a bad credit home loan?

When you're unable to secure a home loan for an investment property through traditional means, it can seem like the opportunity's out of reach. However, this doesn't have to be the case. With a bad credit home loan from Red Rock Mortgages, you may be able to make that jump onto the first rung of the investment property ladder. What is property...

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How to find the right loan when you're self-employed

Getting finance when you're self-employed can be a little more difficult than when you're an employee. If you have the proper documentation, you will be able to apply for loans like any other person. But even if you don't have these documents, it's not the end of the world, as you can still get finance by applying...

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4 affordable suburbs in which to invest your bad credit home loan

With property prices in Australia's capital cities and larger metropolitan areas continuously growing, more and more first home buyers are looking to buy outside of these areas. If you have a less than perfect credit score yet are hoping to take your first step onto the property ladder in 2017, here are few affordable and promising suburbs...

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