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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Self employed low doc lending myths busted!

This month we are focusing on lending to self employed clients. Why? Well there are more than 2 million small businesses in Australia, with small business accounting for 97% all businesses in Australia, so its a significant market.  We've been assisting self-employed small business owners with their finance needs since 2004. That is why we are self-employed...

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What's the market like for mortgage broker franchise businesses?

Mortgage brokers have many options available when it comes to choosing how to work. Some brokers work for a specific finance group or real estate agent, while others work for large broker businesses. Another option is to own a franchise broker business. Working with the support of the umbrella brand, a franchise can provide national brand...

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