Ray Ethell | Non Conforming Loans

About Ray Ethell

Ray Ethell offers a wealth of experience to his clients, gained from over 20 years in the Finance industry, and prides himself on providing reliable customer focused service. As an independent mortgage consultant, Ray is able to find a product tailored to his clients’ individual needs, with relevant unbiased advice and recommendations. - Cert lV in Financial Services (Mortgage Broking) - Diploma in Financial Services (Mortgage Broking)

Consolidating Debt into Your Home Loan

Options to Eliminate or Consolidate Debt The Australian economy may be healthier now however there are clouds on the economic horizon with the certainty of further interest rate rises and unemployment increases. But this doesn't mean families or individuals are necessarily doing it easy as personal debt is at record levels. The personal debt to income ratio in Australia is one of the highest in the world – higher than America and the UK (For every $100 we earn, [...]

Consolidating Debt into Your Home LoanRay Ethell2023-06-12T10:27:56+10:00

Why is it Difficult for a Contractor to Get a Home Loan?

I'm a Contractor and earn good income - why wont the banks give me a Home Loan? Banks, credit unions and building societies simply like wage earners! Wage earners receive holiday pay and sick pay but more importantly will work a minimum number of hours a week and receive the same pay week in week out. This makes it easy for a bank to work out if you will be able to make repayments going forward. Contractors generally have [...]

Why is it Difficult for a Contractor to Get a Home Loan?Ray Ethell2023-06-12T10:48:12+10:00

Can I Get a Home Loan for a Favourable Purchase?

Favourable Purchase: What is it? A favourable purchase is a lending term for a transaction where a property is sold privately and under "market value". A private sale means without a real estate agent involved so generally the buyer and seller know each other. Under "market value" refers to the situation where the seller is not selling the home for what the property is worth and are therefore in essence gifting the purchaser equity. The best example is where [...]

Can I Get a Home Loan for a Favourable Purchase?Ray Ethell2023-06-12T10:54:50+10:00

How to Get a Home Loan with Bad Credit

Bad Credit Home Loans in Australia Many people believe that once you have filed bankruptcy or developed bad credit you will never again obtain a home loan. This was the case many years ago but it no longer holds true as no matter how bad your credit history is, even one day after bankruptcy, you may still be able to qualify for a home loan with bad credit. The Australian home loan market has changed markedly over the past [...]

How to Get a Home Loan with Bad CreditRay Ethell2023-06-12T11:01:20+10:00

Private Lenders Financing Versus Conventional Mortgages

Private Lenders for Commercial Purposes in Australia In today's uncertain economic climate, financing a real estate venture through private lenders is considered a viable alternative to seeking a conventional mortgage through a commercial institution. With prime lending institutions opting out of Commercial Lending, private lending is becoming the preferred alternative to financing real estate. Getting finance from private lenders is beneficial to commercial real estate investors who seek immediate financing to close a deal. This helps to avoid hassles [...]

Private Lenders Financing Versus Conventional MortgagesRay Ethell2023-06-12T11:12:23+10:00

Does a Judgement Debt effect my Credit Score?

Definition of a Judgement Debt If you owe a person or a company money and fail to repay that money by the agreed due date, the creditor can apply for a court or tribunal order demanding that you repay your debt. An order made by the court or a tribunal is called a judgement debt. Before understanding the consequences of judgement debt in detail, you need to understand the exact meaning of court judgement. Definition of a Court Judgement [...]

Does a Judgement Debt effect my Credit Score?Ray Ethell2023-06-12T11:21:07+10:00

Non Genuine Savings Home Loans

Can I get a Home Loan without Genuine Savings? The majority of lenders require you to prove that you have saved a 5% deposit before they will approve your home loan application. If, however, like many other Australians, you find yourself in a position where you have the money for a deposit, but you have not saved the money yourself and you still want a home loan. Then consider a non-genuine savings home loan. What are Non Genuine Savings? [...]

Non Genuine Savings Home LoansRay Ethell2023-06-12T11:30:05+10:00

Factors to Consider Before Applying for Commercial Property Loans for Your Business

Commercial Property Loans When you are in business whether, as a sole trader or a company, there will be times when the business cannot generate enough cash flow to meet its ongoing operating expenses. Your need for cash will also arise when you will expand business operations and purchase much-needed business assets. If you are a business owner and experiencing cash flow fluctuations, your next step should be to consider getting a commercial loan. Commercial property loans are also [...]

Factors to Consider Before Applying for Commercial Property Loans for Your BusinessRay Ethell2023-06-12T11:38:42+10:00

Self Employed Home Loans in Australia

Self Employed Home Loans when You Are in Business in Australia You may have noticed that most self-employed individuals have to struggle a lot more with lenders when applying for a home loan. But, it does not mean that all self-employed borrowers have to struggle with getting finance. It just means you might need the services of an expert finance broker on your side, who is a specialist at providing self-employed home loans. Choose a finance broker who is [...]

Self Employed Home Loans in AustraliaRay Ethell2023-06-12T11:45:59+10:00

Credit Scores and Credit Reports – What is the Difference?

Credit Scores V Credit Reports Are you are often confused when trying to determine the difference between Credit Reports and Credit Scores? You will be interested to know that you are not the only person who is confused about the terms. The confusion often occurs because the two affect your ability to obtain a prime home loan or a non conforming home loan or any other finance arrangement. But, there is a BIG difference between the two. When you [...]

Credit Scores and Credit Reports – What is the Difference?Ray Ethell2023-06-12T11:51:44+10:00