Debts

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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Are Your Home Loan Documents Ready?

personOtto Dargan access_timeOctober 21, 2014

Getting a mortgage can be difficult! Deciding to get a mortgage and buy a home is a huge financial decision and can be an emotional one if you’re buying a home with a loved one. Funnily enough, these are not always the biggest obstacles to getting a home loan. There are many...

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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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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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How Do Mortgage Exposure Limits Work?

personOtto Dargan access_timeJuly 26, 2014

When a bank is considering lending you money, one of the first things they look at is your exposure, that is, the total amount in existing debt you have in your name. Exposure includes things like business debt, credit cards, personal loans and all other outstanding or approved...

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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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What Causes Home Loan Defaults?

personOtto Dargan access_timeJune 16, 2014

Many Australians believe that rising interest rates have the biggest impact on the rate of mortgage defaults. Although high interest rates do put pressure on homeowners, the reality is that there are a number of other factors that play a larger role in perpetuating ‘mortgage...

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Reputation Risk Loans

personOtto Dargan access_timeJune 11, 2014

Did you know that banks will decline a loan application if they believe being associated with you may damage their reputation? You would think they’d base their decisions on their credit policy alone but that is often not the case! Like most large organisations the banks have...

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Why Lying On Your Mortgage Application Is A Bad Idea

personOtto Dargan access_timeMay 26, 2014

Something we see more of than we should are home loan applications where someone has withheld information or deliberately tried to mislead the lender. This is a sure-fire way to get your application declined and get an unwanted enquiry on your credit file. Don’t make our...

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7 Sneaky Tips To Increase Your Credit Score

personOtto Dargan access_timeMay 22, 2014

Why is your credit score so important? A good credit score is essential to getting your home loan approved but how do you increase your score? Look at your credit file First of all, have you even seen your credit file? Call your credit reporting agency and ask them to get...

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