Some lenders will require a deposit of as little as five per cent of the purchase price. Of course, there is a catch.
As you go down the process to buy a home it’s important to understand your credit rating and potentially how this could impact your ability to secure a home loan.Lenders are naturally risk averse, and require solid evidence of your ability to repay your home loan before they will approve it. Even if you have all your documents in order, your income is healthy and your debts are low you may get tripped up by one other factor – your credit rating.
Running your own business can be the most rewarding job there is but it can pose some challenges when looking for a home loan. If you’re self-employed, there are two main pathways you can go down when applying for a home loan.
An increasing number of Aussies are buying an investment property as their first ever propertyBut is it a good strategy for you? Let’s take a look at some of the positives, negatives and considerations:
The BRW 200 Rich List, which lists Australia’s wealthiest individuals, is often heavily stacked with property tycoons. These billionaires all started in the same place – with a single property investment.
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