Credit Score

6 Ways To Damage Your Credit File

personOtto Dargan access_timeApril 24, 2015

Did you know that most of your transactions are recorded on your credit file by credit reporting agencies like Equifax? Around 85% of Australians have never accessed their credit file (Experian Australia) which means that you may have a black mark on your credit file and not...

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Can A Superhero Get A Home Loan In Australia?

personOtto Dargan access_timeFebruary 27, 2015

Banks like to make it tough for Australians to get a home loan on the best of days but what if you’re that little bit extra-ordinary? Despite being the quiet protectors of our pitiful human butts, a superhero would likely get painted with the same crazy brush as any other...

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11 Reasons Your Home Loan May Be Declined

personOtto Dargan access_timeFebruary 26, 2015

Has your home loan application ever been knocked back by a bank? Many lenders in Australia are quite strict when it comes to allowing people to borrow money for a home and chances are one of these 11 reasons will be the basis for why your application is knocked back. Keep in...

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3 Ways To Reduce LMI On A Home Loan

personOtto Dargan access_timeFebruary 18, 2015

Unless you’re a specific type of doctor, accountant, lawyer, engineer or other professional, you’ll have to pay Lenders Mortgage Insurance (LMI) when borrowing more the 80% of the property value. Having a Loan to Value Ratio (LVR) of more than 80% is a huge risk for the banks...

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Have You Ever Seen Your Credit File?

personOtto Dargan access_timeDecember 17, 2014

Have you ever seen your credit file? According to the most recent estimates from credit reporting agency illion (formerly Dun & Bradstreet), 9 out of 10 Australians haven’t! In addition, the Australian Retail Credit Association found that 6 out of 10 haven’t even heard...

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Top 5 Reasons Singles Can’t Get A Home Loan

personOtto Dargan access_timeOctober 30, 2014

Getting approved can be hard if you’re single! So, your single, happy and lookin’ to buy your own place. Easy, right? Apart from putting the deposit together to buy in the current market, getting approved for a home loan is a lot harder if you’re single. Really. Most...

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You Can Borrow With Bad Credit

personOtto Dargan access_timeSeptember 26, 2014

Life doesn’t always pan out the way you’d like it to. Whether it’s through divorce, losing your job, injury or business failure, your finances can sometimes be thrown in turmoil through no fault of your own. This can result in you accruing an unsustainable level...

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Do You Need A Deposit For A Home Loan?

personOtto Dargan access_timeAugust 14, 2014

Most people think that you need a huge deposit in order to get approved for a home loan but the truth is that you can still borrow up to 95% of the purchase price! In fact, in some cases, borrowers may even be able to borrow up to 105%, allowing them to own their dream home...

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4 People Who Will Never Get A Home Loan

personOtto Dargan access_timeJuly 30, 2014

Do you fall into any of these 4 groups? Lenders are always changing their lending policies in an effort to try and confuse you and even prevent you from getting a home loan. Despite this, there are just some people who will always get declined no matter what they do....

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Save A Deposit Or Pay Off Debts?

personOtto Dargan access_timeJune 20, 2014

The first step in buying a home is to get your finances in order. There are many would-be home buyers who have some small debts like a credit card or personal but no savings. So should you save a deposit or pay off debts? Step 1: Can you buy now with no deposit? You didn’t...

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