Bad credit history? Try Pepper Home Loans

Jul 8, 2009( 1 min read )

Home Loans

Top five refinancing home loans that could save you money in the long run

Refinancing isn’t free, but it can save you money in the long run if you switch to a home loan with a lower interest rate, such as these home loan choices.

Jun 16, 2020( 2 min read )

Home Loans

Top 5 refinancing home loan rates in July 2020

Is your home loan rate still competitive? If you’ve let it go for a while, chances are you’ll be paying more than you should.

Jun 30, 2020( 1 min read )

Home Loans

Five home loans to let you borrow more in July 2020

Many people manage to secure a home loan with a deposit of less than 20 per cent, and that all comes down to what the lender allows.

Jun 30, 2020( 2 min read )

Home Loans

Five home loans for getting cash out from your equity

With social distancing restrictions affecting many Australian workplaces, a lot of us have had to rethink our personal finances, including our home loans. And with big banks and smaller lenders slashing interest rates to new record lows, it’s no surprise that many Australians are refinancing their mortgages, as shown by recent ABS data.

Jun 25, 2020( 3 min read )

Pepper Home Loans is a specialist lender offering a wide variety of non conforming home loans in a very clique mortgage market.

Non conforming home loans are similar to low doc loans in that both do not require extensive documentation such as tax returns and financial statements from applicants. However, while low doc loans are special products mainly for self employed borrowers with a good credit history, non conforming home loans understand that not everyone has a perfect credit history, or are able to prove an income stream.

Pepper home loans takes this into account when it assesses the individual needs of its borrowers so that it can offer a unique package to suit their situation. The downside is that rates are often higher than standard mortgages, because of the higher risks of lending.

Compare a large range of home loans at RateCity by using our home loan comparison tools and work out your finances with our mortgage repayment calculator.

RateCity

Today's top home loans products

Discount Offer Variable Home Loan OO P&I ($200k+)

Real Time Rating™

Advertised Rate

Comparison Rate*

2.49%

Variable

2.49%

special

Rate cut to 2.49% p.a effective on 17 July 2020

View Now

Smart Home Loan

Real Time Rating™

Advertised Rate

Comparison Rate*

2.57%

Variable

2.59%

special

Get one of the lowest variable interest rates on the market and pay no application or ongoing fees

View Now

Home Value Home Loan (Principal and Interest)

Real Time Rating™

Advertised Rate

Comparison Rate*

2.65%

Variable

2.66%

special

Get a low variable interest rate loan with no ongoing fees. Plus you can make extra repayments and free redraw online.

View Now

Great Rate Fixed Home Loan (NSW, ACT & QLD only) 5 Years

Real Time Rating™

Advertised Rate

Comparison Rate*

2.79%

Fixed - 5 years

3.33%

special

Borrow up to 110% of the property value by asking your family to guarantee the home loan by using their property as security on your mortgage

View Now

FAQs

Tip: You can use RateCity how much can I borrow calculator to get a quick answer.

How much money you can borrow for a home loan will depend on a number of factors including your employment status, your income (and your partner’s income if you are taking out a joint loan), the size of your deposit, your living expenses and any other debt you might hold, including credit cards.

A good place to start is to work out how much you can afford to make in monthly repayments, factoring in a buffer of at least 2 – 3 per cent to allow for interest rate rises along the way. You’ll also need to factor in additional costs that come with purchasing a property such as stamp duty, legal fees, building inspections, strata or council fees.

If you are planning on renting the property, you can factor in the expected rental income to help offset the mortgage, but again it’s prudent to add a significant buffer to allow for rental management fees, maintenance costs and short periods of no rental income when tenants move out. It’s also wise to factor in changes in personal circumstances – the typical home loan lasts for around 30 years and a lot can happen between now and then.

Bad credit history? Try Pepper Home Loans

Related articles

Top five refinancing home loans that could save you money in the long run

Top 5 refinancing home loan rates in July 2020

Five home loans to let you borrow more in July 2020

Five home loans for getting cash out from your equity

Today's top home loans products

Discount Offer Variable Home Loan OO P&I ($200k+)

Smart Home Loan

Home Value Home Loan (Principal and Interest)

Great Rate Fixed Home Loan (NSW, ACT & QLD only) 5 Years

Popular home loans searches

FAQs