How to use a low-doc loan to take your first steps into property investment

If you want to use a low-doc loan for property investment, you'll need to find the right lender and understand what they require of you. Each has a different set of criteria, and breaking down how they'll assess your application is key to getting approval. Understanding low-doc loans Low-doc loans are designed to help borrowers without the...

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How long before you can apply for a self-employed home loan?

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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Can low-doc loans work for first-time home buyers?

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 - such...

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Can a bad credit mortgage mortgage help you move into a newly built home?

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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Could 2019 be the right time to refinance with a low-doc loan?

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 sum. Releasing...

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How often to assess your credit score when applying for a bad credit mortgage

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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How to find the right bad credit mortgage in 2019

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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Why most brokers don't have a point of difference

To stand out from the almost 17,000-plus mortgage brokers in Australia, you're going to need a point of difference. Most brokers struggle with this because they try to cater to the same target audience as most of their competitors, and don't provide anything different. Lots of brokers try to offer every type of loan to every...

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