Roadmap to Financial Assistance: Who Will Give Me a Loan When No One Else Will?

who will give me a loan when no one else

The journey to secure a loan can be challenging for individuals with poor credit, leading many to ask, “Who will give me a loan when no one else will?”  When you have bad credit, getting approved for a loan may seem impossible, with traditional lenders hesitant to take on the perceived risk. However, there are […]

Principal and Interest vs Interest-Only: Your Repayment Options

dpcument signing

The debate between principal and interest vs. interest only is central to understanding home loan repayment structures. When it comes to home loans, there are different ways to structure your repayments. Two common options are principal and interest (P&I) and interest-only (IO) loans. Both approaches have their own pros and cons, and the right choice […]

Bad Credit Loan: Solution for Urgent Financial Needs?

woman holding credit cards in frustration

In today’s unpredictable economic landscape, a bad credit loan may be a potential solution for many individuals facing financial challenges with their credit history.  Whether it’s due to missed payments, defaults, or bankruptcy, a poor credit rating can make it difficult to secure a loan from traditional lenders. But that doesn’t necessarily mean you can’t […]

What Does the RBA Cash Rate Mean for Your Home Loan?

Non-Bank Lenders

It’s crucial to understand the relationship between the changing RBA cash rate and your home loan for effective mortgage management and making informed financial decisions.  However, many homeowners may be unsure about the impact of cash rates on their home loans and their own interest rates, particularly with the rates changing every month as they […]

Does My Borrowing Power Impact My Ability to Refinance?

There are so many reasons you might consider refinancing your home. Whether you’re looking to take advantage of a lower interest rate, access the equity in your home, or consolidate your debts, refinancing can be a fantastic choice. If you’re thinking of refinancing your home loan, one of the key factors to consider is your […]

What’s a Land Loan and How Can You Use it to Finance Land?

Whether you’re shopping for a vacant block of land to eventually build on it for your dream home or an investment property, you might require a land loan. This is a great option for people looking to expand their property portfolio with land as a future investment or use it for residential purposes instead. If […]

What Is LMI?

Lenders’ Mortgage Insurance (LMI) is a common insurance product taken out by a lender against borrowers electing to use them for a home loan.  LMI mitigates the risk of that lender losing their money in the event that the borrower defaults on their loan. It can either be paid as an upfront, one-off fee or […]

When Can a Guarantor Be Released?

Guarantor home loans are increasingly gaining popularity, but before you get caught up in the hype and jump right in, knowing how to get out is important.  You can release a guarantor through refinancing the home loan as soon as they meet the criteria set out by the lender. But releasing them as quickly as […]

What Are the Best Methods for Interest Rate Comparison?

When shopping for a home loan, there are many essential comparisons to make, such as location, property, lenders, and – maybe the most crucial – interest rate comparison.  Trying to compare home loans and interest rates without using any tools or methods can make it difficult to keep track of everything. Luckily, there are many […]

How to Get a Loan on a Low Income

Low Income

The property boom in Australia has seen the median house price in Australia’s capital cities skyrocket to nearly $1 million, which means that, for prospective homeowners, a 20% deposit on a mortgage could be anywhere between $180,000 and $200,000 – no small sum! For those on a low income, this can seem an insurmountable challenge […]