Tired of renting? A low doc home loan could be perfect for you

The debate over renting v.s. buying is an age-old one. There are pros and cons to each side, but buying often comes out on top. This presents a hurdle, though, to those who have income but can't easily prove it - recently self-employed people, for example. What are the benefits to buying over renting, and how can a low doc loan help...

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How a bad credit mortgage could help you into your first home

Firsts are always special - your first friend, your first job, your first kiss. A first home is no different, but for some, it can seem impossibly out of reach because they have bad credit. While regular lenders might hastily turn them away, the specialist team at Red Rock won't - our bread and butter is helping people who can't...

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How to refinance with a bad credit home loan

When lady luck decides she doesn't like you, you miss a few payments on your debts, and your credit score takes a hit, you may start thinking your home refinancing plans will need to be put on hold. But with a bad credit home loan from Red Rock Mortgages, it doesn't have to be that way! Time to improve your credit score Refinancing with...

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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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