Many people have a combination of personal loans, credit cards, car loans, HECS debts and the like. So when it’s time to list them all on a home loan application, it’s easy to forget one or two. But this innocent mistake can have dire consequences.
When looking for a home loan, people naturally want to find a good rate, and loan product. However, sometimes this backfires. Too many enquiries on your credit file can really hurt your chances of getting approved.
Almost everyone wants to get a good interest rate when they’re looking for a home loan. A lot of lender advertising is heavily based on interest rates. It’s also a point of competition between lenders.
So it’s easy to see why many people shop around for the best interest rate.
If you have been unfortunate enough to have gone through a bankruptcy in the past, you may think it is near impossible to obtain finance to purchase a car. Thankfully this is not always the case.
There are many reasons why you may require a low doc loan, such as a marked increase in profits since the completion of your previous tax returns.
There is usually strict criteria that must be met to when obtaining a low doc loan, but you may be surprised to know that there are options for low doc loan even if you have a negative credit history, including defaults and court judgments.
You may be surprised to know that there are options for you re purchasing a car even if you have defaults or court judgments.
