Small businesses account for almost 50 per cent of total employment in Australia, Australian Parliament data shows. They’re the engine room of our nation’s economy, and without these innovators and self-starters Australia wouldn’t be what it is today. Unfortunately, if you’re planning to become self employed, or own a small business in 2018 it can […]
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The debate over renting v.s. buying is an age-old one. There are pros and cons to each side, but buying often comes out on top. This presents a hurdle, though, to those who have income but can’t easily prove it – recently self-employed people, for example. What are the benefits to buying over renting, and how […]
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Numerous factors can make it difficult for self-employed people to get a home loan. But with a bad credit home loan from Redrock, Australia’s self-employed can jump aboard the homeownership train too. Why do self-employed people struggle to secure finance? A lender wants to see evidence of your capacity to meet repayment obligations. As such, a newly […]
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Low documentation (low doc) loans are financial products for self-employed people that lack the traditional documentation needed to obtain a home loan. Fortunately, you can get a low doc loan with a bad credit score, but there are some crucial steps you will need to take. First, if you don’t know your credit score, you should […]
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Getting finance when you’re self-employed can be a little more difficult than when you’re an employee. If you have the proper documentation, you will be able to apply for loans like any other person. But even if you don’t have these documents, it’s not the end of the world, as you can still get finance […]
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Are you thinking about making a property investment with a low doc loan? Home ownership is a big step, and when you begin to view potential houses there are few things to look out for. Keeping an eye out for these telltale signs of future problems is good way to ensure you make the most […]
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Is the information age leading you astray? With so much data and op-ed pieces around on the home loan market, it’s easy to start believing alleged facts about mortgages that just aren’t true. Today, we’re going to take you through some of these which can help you as you seek out a low-doc home loan. […]
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Approximately 9 per cent of Australia’s workforce are self-employed, according to a recent report from ABS. Many who fall into this category will know the difficulty in supplying documentation that accurately proves their income. Thankfully, this is not the obstacle it was 20 years ago, as many lenders now offer low doc home loans to […]
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In a perfect world, no one would ever have trouble with repaying their home loans. They’d simply take out money at a rate they could afford to repay, then steadily make the payments each month until they were squared away. The real world isn’t perfect, though. Plenty of people in Australia have loans with increasing […]
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If you’re like most Australians, you had to take out a sizable loan when you first purchased your home, and now you’re slated to spend decades of your life paying that money back. Needless to say, it can be stressful going through life with that heavy financial burden hanging over your head. For this reason, […]
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