Applying for a home loan as a single parent can be challenging. Whether you are looking to refinance, or to buy a new place for your family. Having one wage to look after all your expenses can be daunting. If you receive income support such as family tax benefit or child support this can help.
It can be challenging to get a home loan, when you are employed on a contract basis. Many lenders will not accept this type of income, whilst others have strict guidelines before they will do so. What is the issue with contract employment? Whilst it is becoming increasingly common for employers to hire on a
If you are looking at buying a home or investment property, or refinancing a current property loan, you would be aware that your income and expenses is one of the most crucial factors regarding how much you can be approved for. However there are other factors involved that lenders will look at, such as your
A recent Australian survey has found that 17% of home owners have borrowed against their home for items such as home renovations, school fees and holidays. Is borrowing against your home a good idea? For those who have purchased recently, using a small to moderate deposit, than borrowing against your home may not be a
Most people are aware that having too many unsecured debts, such as credit cards or personal loans, can have an impact on your ability to obtain the home loan you desire. Why The Amount You Can Borrow Will Drop Lenders are required to establish whether you can afford a home or investment property loan, before
For many first home buyers, buying an investment property may be on your to do list, rather than moving straight in to your own home. It may be difficult to know how or where to get started on this journey. Where Should I Start? If you are wanting to buy your first investment property, perhaps
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