Don’t Worry, Loans for Employed With Bad Credit Exist
Even with a less-than-stellar credit score, loans for employed with bad credit are not entirely beyond grasp in Australia. The key to success is understanding how this financial landscape works. Bad credit, commonly understood as a credit score below 600, can make securing a loan challenging. This indicates to lenders that you may be at […]
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 […]
How to Get a Loan With Bad Credit
Trying to get a loan with bad credit can feel like a difficult task, and it’s easy to feel disheartened by the process before you’ve even begun. Luckily, there are avenues available. Let’s look at some ways you can potentially secure a loan and make an informed decision that will help you achieve your financial […]
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 […]
How to Get a Loan on a 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 […]
A Guide to Guarantor Loan Requirements in Australia
Buying a house can take time, especially while having to save enough money for a sizeable deposit and all the other costs involved. Lenders view customers with a deposit of 20% as a less risky client. Having less than a 20% deposit means you’ll have to pay for Lenders Mortgage Insurance (LMI), this is a […]
What Is a Comparison Rate?
Australian lenders are legally required to indicate a loan’s comparison rate – that is, the total cost of a loan. This information means you can accurately compare different loans over a set period. But what is a comparison rate? And how is a comparison rate calculated? Understanding these points will assist you in making a […]
