Posts Tagged“home loans”

A Bad Credit Loan Might be Your Last Chance to Buy a Property

How many times have you tried applying for a mortgage but ended up getting rejected? Isn’t it frustrating? In as much as you want to finally own a house, rejection always impedes your plan. Even if you go from one bank to another, the response is always the same. They reject your application because you are deemed a high risk. Before you lose hope, you should understand the concept of a bad credit loan. These loans are meant for people like you, with bad credit. There are several reasons why you might end up with a bad credit score. For…

How to select the right home loan

Everyday in Australia, people eager to become home owners for the first time seek out and receive financing to purchase their first piece of real estate. Many are too enamored with the idea of owning though, and end up with a mortgage that serves more as an oppressive yoke than an instrument that will propel them to financial freedom. By learning how to select a home loan by evaluating vital points as laid out in this article, you’ll end up in a much better position than your average first-time property owner. Compare rates, payment amounts and fees from different lenders…

How to select a mortgage broker

When shopping for a loan to finally purchase the home of your dreams, it helps to have a reputable dealer on your side. One that looks out for you and endeavors to get you the best package suited for your needs, rather than one that is simply looking for another sale in pursuit of a big fat commission. Wondering how to select a mortgage broker? This article breaks down what you need to know and do in order to get a dedicated, caring professional on your case… Take your time and shop around The market for mortgage brokers such as…

What are the benefits of a non bank mortgage over a traditional bank mortgage?

Over the past decade, the Australian housing market has been opened up to private lenders after the step was taken to de-regulate the industry. Much confusion still reigns over what advantages that the new kids on the block bring to the table … what are the benefits of a non-bank mortgage compared to what Australians have dealt with in the past? This article aims to clear the air on this often confusing subject. More liberal lending terms After the 2008 financial crisis, the Big 4 tightened their lending criteria to protect themselves against high-risk borrowers, with the unfortunate side effect…