Will a limited credit history affect my home loan application?

If you’re approaching a bank for a home loan, then odds are you’re asking six figures or more. And before banks deposit it into your account, they want to know they’ll receive their investment back.

When should I see a mortgage broker?

Struggling with your home loan application? Unsure about the terms and conditions? These are just two of the many reasons to use a mortgage broker.

Answers to your questions about home loan documents required for self-employed workers

If you have questions about what home loan documents for self-employed workers lenders usually ask for we can help explain what documents are needed and why.

Do bank employees get better mortgage rates?

You may not get a preferred home loan rate just because you work at the bank. Consider comparing offers from different lenders before applying for a home loan.

Finding the right housing loan for a self-employed person

When looking at and applying for a housing loan for self-employed, consider checking the lender’s requirements and conditions to make sure you get a home loan that suits you.

Will a HECS or HELP debt affect your credit score?

While your uni days might now be a thing of the past and your focus is on the future, you may be left wondering if your student debt will rear its ugly head.

What credit score do I need to buy a home?

You may ask what credit score you need to buy a home. When it comes to a minimum credit score for a home loan, Australia has norms that most lenders follow.

How to qualify for a home loan if self-employed

If you’re self-employed, home loan qualifications can depend on how long you’ve been self-employed. Check the details of all home loan options available to you.

How to get a home loan while self-employed

Getting a home loan while self-employed isn’t usually difficult, but you’ll need to make sure you have the right documents to prove that you can repay the loan.

What you should know about home loan criteria for self-employed borrowers

For those who are self-employed, home loan requirements may sound complicated, but a little homework can help you find out which home loan you qualify for.

Does HECS/HELP debt affect home loans?

If you have a university education in Australia, you’ll likely also have a HECS/HELP debt. It’s still possible to get your first home loan with a higher education debt owing, though like other outstanding loans, it could potentially affect your mortgage application.

What you should know about LMI waiver for professionals

Depending on your home loan amount, you may have to pay for Lender’s Mortgage Insurance (LMI). Check if you can get the LMI waived based on your profession.

Can a home loan be used for renovations?

Traditional real estate advice says to buy the worst house in the best street – you can pay less today and renovate tomorrow. But renovating still costs money, so you may want to look into the options for using your home loan to help take care of your budget.