An increasing number of people who are self-employed believe that they cannot get a home loan. But, the reality is different. You can get a home loan but you just have to work a little bit harder and pay close attention to the details. Tips to help you get Home Loans for Self Employed Australians Here is a list of useful tips to help you when you are trying to get home loans for self employed Australian applicant: 1. [...]
Bankruptcy Home Loan for Ex Bankrupts in Australia If you filed for bankruptcy, because, you were advised to do so by a business person such as a solicitor, you may have realised that Bankruptcy can stay on your credit file for up to 5 years. Bankruptcy can come back to haunt you when you are trying to get a home loan or refinance your existing loan from one of the major banks. But, do not worry if you are [...]
The Meaning of a Caveat Loan Caveat loans are a short-term asset based loan product usually financed by private lenders. Compared to conventional forms of finance, a caveat loan can be established quickly (i.e. within 24 hours from the time the loan application is first lodged). The loan is secured on the value of concrete assets, such as: A house or unit A block of land A commercial property The Purpose of a Caveat Loan For a business owner [...]
A Private Loan for Business Owners Non Conforming Lenders and Private Lenders can solve the cash flow problem of business owners with the help of a private loan (sometimes referred to as a short-term 1st or 2nd mortgage or a Caveat Loan). The loan is ideal for business owners because: Bank style credit approvals are not required Tax returns are not required Interestingly, a private loan is not only right for a business owner but it can also be [...]
How to improve your credit score before you apply for a home loan Here is a list of some quick tips to help you get the best possible credit score. While there is no guarantee that all of these options will immediately boost your credit score, they may help you establish habits that will strengthen your credit score. Lenders/credit both Prime and Non Conforming Lenders will want to see that you can repay a home loan on time so [...]
Are you looking for a way to fund your kids' college education? Do you imagine taking the holiday of a lifetime? Would you like to buy a brand-new car and possibly be able to deduct the interest from your federal taxes? Would you like cash for house improvements? Perhaps you are interested in having a method to buy your new dream house while your present home is still on the market waiting to be offered? You are probably believing [...]
Refinancing Your Home Loan can Help you take Control of your Finances Are your debts getting out of hand and you want to take control of your finances? If you have answered yes, you should consider the possibility of refinancing your current home loan and combining your multiple debts with a debt consolidation home loan (e.g. credit cards and other personal loans) into one home loan. How does the process of Refinancing My Home Loan to Consolidate My Debts [...]
Home Loan with Unusual Employment or Income Since the Covid Pandemic an increasing number of people are choosing flexible working opportunities to successfully combine both their lifestyle and their income commitments. However, many home loan applicants have found that their bank is apprehensive towards them and it is because of their irregular working hours. They don't seem to fit into the strict lending guidelines set out by banks and they are not seen by banks as holding down a [...]
Debt Consolidation Loans With the advent of COVID many Australians have been struggling with debt. Debt comes in many forms, there are previous loan installments, bills, payments and obligations that have piled up and end up becoming debt. One of the best ways to get out of the vicious cycle of debt can be by taking a debt consolidation loan. If you‘re considering a debt consolidation loan as a path forward, here are our expert tips for debt consolidation, [...]
What are the advantages of a debt consolidation loan? A Debt Consolidation Loan can be a way to make the payment of your debts easier to manage. Instead of making several monthly minimum payments in various accounts, this payment strategy involves obtaining a new loan to combine and cover your other loans or debts. Then you can pay all your debts with a monthly payment. It is a great solution to reduce the amount to be paid monthly, although [...]