Many people have a combination of personal loans, credit cards, car loans, HECS debts and the like. So when it’s time to list them all on a home loan application, it’s easy to forget one or two. But this innocent mistake can have dire consequences.
When looking for a home loan, people naturally want to find a good rate, and loan product. However, sometimes this backfires. Too many enquiries on your credit file can really hurt your chances of getting approved.
Almost everyone wants to get a good interest rate when they’re looking for a home loan. A lot of lender advertising is heavily based on interest rates. It’s also a point of competition between lenders.
So it’s easy to see why many people shop around for the best interest rate.
There are many reasons why you may require a low doc loan, such as a marked increase in profits since the completion of your previous tax returns. There is usually strict criteria that must be met to when obtaining a low doc loan, but you may be surprised to know that there are options for low doc loan even if you have a negative credit history, including defaults and court judgments.
We are committed to changing the face of finance brokers. We know how important your goals are, and understand the importance of getting the most out of your loan, without paying unnecessary interest or charges. Our goal is to help you, within your own unique situation, to achieve the greatest savings possible.