Sometimes what we’ve been taught is holding us back. If like most business owners, you try to minimize your tax to save on the hip pocket, sometimes you could be doing yourself some financial harm when it comes to buying a property. Income Tax is important component in loan assessments. Understanding this factor can significantly boost your borrowing potential as a self employed loan applicant. In this ...
How Your Credit History Affects Your Mortgage Application
When assessing your mortgage application, lenders base their decisions about whether or not to approve your loan on many factors including: your income including bonuses, allowances, rental income, etc. your employment history how many places you have lived in the last few years your savings history your loan repayment history your credit history and credit score In this ...
RBA Cash Rate Cut Again & Major Banks Reduce Interest Rates What Should You Do?
Reserve Bank of Australia (RBA) have again decided to lower the cash rate by 25 basis points to 1.50 per cent, effective as of today 3 August 2013. The major banks have quickly responded to RBA’s rate cut but have only reduced the interest rate between 0.10% to 0.14% so far. How To Get Discounted Interest Rate Luckily, as premium mortgage brokers with many lenders, Mortgage Corp can negotiate some very ...
How To Finance For Your Home Renovations
Have you been meaning to get that new kitchen or extension to spruce up (and add value) to your home but you’re simply short of funds? If your savings or extra repayments in your mortgage offset account aren’t enough to cover the cost of a major renovation – don’t fear, there’s another option available to you. Refinance your home for renovations Many banks are happy to refinance your mortgage for ...