Low doc, not no doc: How the right BAS can help your application

Low doc loans are an excellent option for those who can't provide the necessary financial statements or tax returns that come up with being a business' employee. However, you still need to be as prepared as possible with a thorough Business Activity Statement (BAS). This is vital to securing the loan you need. What is a...

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Could a low doc loan be perfect for growing your start-up business?

Getting a young business off the ground often requires the kind of money that you just might not have. Sure, your business might be making a healthy income, but at the rate it's generating cash, growth is going to take too long. A low doc loan can be a solution for business owners looking to leverage the growth potential of their...

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How can a bad credit home loan set you towards financial freedom?

The right house doesn't come up every day, meaning you should take your chance when you have it. However, if you are mired in financial difficulties, purchasing the home of your dreams may seem an unattainable reality. If you have a bad credit score, you may have already dismissed the option of a personal loan....

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How a SMSF loan can help set you up for retirement

Investing in property is great way to build your nest egg. If you have a self managed super fund (SMSF), you can use its funds to do so. Even better, if you don't currently have sufficient cash in your super, you can get a SMSF loan with Red Rock to borrow the remainder. What is a SMSF loan, and how can it...

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How a low doc loan can make your business more flexible

Being able to cover unexpected costs, or having the capital to jump on an opportunity as it arises are just two examples of how flexibility is good for business. However, flexibility isn't free. To be agile, your business needs cash flow.  If you're short on capital, a low doc loan could be the answer to your problems....

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How does the approval process for a bad credit mortgage work?

Almost 30 per cent of Australian households were under mortgage stress at the end of 2017, according to Digital Finance Analytics. Considering the price of property here, it's no wonder that this strain occasionally results in loan defaults and late payments.  Unfortunately these defaults in times of hardship tend to stick around on your credit score, which can make it more difficult to...

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Myth-busted: 3 misconceptions about bad credit mortgages

A staggering 25 per cent of Australians believe their bad credit score would stop them getting approved for a loan, according to a Finder survey of 2,033 people. This number is so high thanks to a number of myths about getting a home loan with bad credit, making it seem more difficult than it is.  To clear the air,...

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Can I refinance with a low doc loan?

Are you looking to refinance your home, or personal loan in the near future? If you're self employed like 1 million-plus other Australians this can be a stressful time, as you may not have the detailed financial records that most conventional lenders require. If so what you need to do is refinance with a low doc...

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