Category: Borrowing Tips & Tricks

Category: Borrowing Tips & Tricks

All your debts in one basket – Why home loan debt consolidation could be the right move.
February 10, 2020 Borrowing Tips & Tricks Alex Lyall

A lot of small debts can balloon into one big headache. A simple way to get things under control could be to refinance your home loan to consolidate debt. So – is it right for you? What it is Simply put, debt consolidation is combining all your debts – credit cards, car loans etc. –

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Bad credit rating making it hard to get a home loan?
February 3, 2020 Borrowing Tips & Tricks, Investors Alex Lyall

Lots of things can affect someone’s credit history, getting sick, redundancy, divorce, forgetting to redirect bills if you move, or just an accidental slip on timing can mean late or even missed payments. If you have credit issues from these sorts of situations there are things you can do to help your chances of buying

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How to save a much larger home deposit
January 27, 2020 Borrowing Tips & Tricks, Home Buyers, Investors, Your Deposit Alex Lyall

When you are thinking about your first home, finding out you should be thinking about saving for a 20 per cent deposit can seem really overwhelming. The good news is that for some of the big non-bank lenders like Pepper Money, a minimum deposit required on some products can be as little as five percent

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Why a home loan ‘no’ might not the final answer.
January 21, 2020 Borrowing Tips & Tricks Alex Lyall

Why do people get turned down for loans? Bank’s home loan lending rules can change Having your loan turned down by your bank can be a reflection of their current credit policy, which can change based on shifts in market conditions. This means when you may have had no issues getting a home loan from

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7 hot tips if your resolution is to get a mortgage in the New Year.
January 6, 2020 Borrowing Tips & Tricks, Home Buyers, Investors Alex Lyall

Sometimes, just getting through Christmas can be enough of a slog without worrying about the New Year. But if buying a home is top of your priorities, here are 7 things to think about that could definitely improve your chances of a mortgage. 1. Don’t lose sight of your debt New Year is a great

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What is Genuine Savings?
August 27, 2019 Borrowing Tips & Tricks, Your Deposit Nicholas Gohdes

In short, ‘Genuine Savings’ is a term used by most banks to refer to savings you have made yourself over a period of time. This is opposed to savings acquired in a lump sum e.g. receiving a gift or a one off bonus from work. Why do the banks care? By evidencing that you have

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