Guarantors – a Family Initiative
Family members can act as a guarantor and use a portion of their own home’s equity with no cash outlay, to help their loved ones, the borrower, to secure a home loan.
Benefit
Borrowers
The Self-Employed and/or Contractors are usually perfectly capable in servicing a home loan, even though they can’t satisfy the traditional bank lending criteria.
The main reason to use a low doc loan is because you cannot prove your true income. For example:
• You may not have up to […]
Best Loans First have for a limited time on offer Home Loan Rates at 3.72%* per annum, Variable, Principle & Interest for 3 years
Owner Occupier only
Minimum $200,000 loan amount
Maximum Loan Value Ratio (LVR) 80%
$0 application or valuation fees
$0 No ongoing fees
Redraw facility available
Not available for Construction Loans
No Offset available
*Comparison Rate 4.19%*p.a,
*Conditions apply
Contact our expert […]
The Federal Budget is looming AND there are rumoured initiatives to help first home buyers (FHBs) into the property market. So if you – or your children – are potential FHB’s it might pay to stay tuned…
Housing affordability has been a hot topic as a barrier to […]
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Property has been considered a popular path to wealth for Australians for many years. It has the potential to generate capital growth (an increase in the value of your asset) as well as rental income. There are also tax advantages associated with negative gearing. However, when buying […]
Before you take the leap into property you should have done your homework and created a budget, minimised credit card usage, been saving hard, paid your bills on time and researched the property market.
So what other steps will you need to tick off your list when you […]
Lender’s mortgage insurance (LMI) is required in many instances when a loan is worth more than 80 per cent of a property’s purchase price, as well as in some other circumstances. In very basic terms, when a lender considers a loan to carry a high risk, LMI […]
Non-conforming loans are mortgages that do not conform to a lender’s typical loan criteria. This may include situations where the applicant has a poor or bad credit history, or who may not have been employed long enough to show income history.
Many Borrowers have become affected […]
If you’re like me, the last thing you want to think or talk about is Insuring yourself and loved ones in times of trouble. It’s essential to consider how you would meet basic financial commitments, but also maintain your quality of […]
