Our blog is designed to create understanding and responsibility around money management and empower you financially.
Are you self-employed and worried that you don’t have the documentation required to get home loan approval? Learn how to get a home loan self-employed here.
If you’re not experienced in buying a house at an auction, this may turn into a roller coaster ride of hell that you’ll just wish you never got on in the first place. This is where some handy tips for buying your property at auction come into place.
Ever got yourself in a circumstance where you need to replace your current home with a new mortgage? Well, home refinancing is precisely that – getting a new mortgage loan to replace the existing home loan.
Understanding the reason behind your loan denial is a valuable learning experience. This reason helps you to pinpoint the areas of your financial life that need to be polished. You can always improve on this and reapply for the funding.
When banks close the door your business dreams, just remember that it is not over yet. Aussies have one more form of financing that they can use – and that’s alternative lending.
Understand the main reasons why you should pay your arrears even if it means getting a personal loan to do it. We will also discuss a few tips on how to use your loans wisely to avoid getting into debt all over again.
If you’re in the least familiar with the financial terminology, you know that low doc loans refer to those loans that can be acquired with minimal paperwork. Because of this, they are mainly for self-employed people or entrepreneurs with small-sized businesses.
If the value of your home, or the amount you paid for it, is higher than your first mortgage or the principal, it means that you have equity in your home. You can tap into your equity by applying for a loan, secured by it.
The short answer is that a car loan can influence mortgage applications and under certain circumstances, it can get your requests denied. But do not let yourself discouraged. Evaluate your possibilities, cut down on the unnecessary expenses and, if you can, try to pay ongoing debts before applying for a mortgage.
Both have their advantages and disadvantages. If you have bad credit or you want a wider array of options, a mortgage broker is a perfect choice. If you have good credit and the offers of the financial institution would suffice, a bank would do as well.
This year has been a profitable one for Australian credit card debt and mortgages. According to the latest percentages, Aussies seem to be managing much
In recent years, many of us became victims of high mortgage interest rates without even realising. This problem affects mostly the home loans because their
Did you recently check the present status of your home loan and the progress you are making? If not, it is about time you did
The general, common saying that living in rentals equals to throwing money away is certainly not new, is it? And at first, it would seem
Finding suitable home loans for your needs is a tedious task. A lot of people say that purchasing the house you want to live in will
Australia’s interest rates have decreased drastically and now is the best time in years to consolidate debts into a home loan! Given the interest rate
Earlier this week, the country’s two biggest banks passed on the latest interest rate cuts for loan customers. The Commonwealth Bank and Westpac have paved
Home loan rates vary a lot from bank to bank and also from year to year. Locking in a low rate can significantly lower a
How do Second Mortgages Work? Many people are familiar with the idea of a first mortgage on a property. The idea is fairly straight forward.
If you have a current mortgage and you suddenly lost your job or your source of income, you surely are in trouble. Aside from making
Tapping a home equity is now more natural just like mowing the lawn. If you are a homeowner and you want to maximise your ownership
Have you been struggling to pay your home loan? If you have been building up your debt, you may have possibly missed out on one
The Australian property market is not expected to drop, but it is projected to remain steady all throughout this year (2011). Price tags are set
A recent property report has shown that home affordability is better now than a year ago. The Housing Industry Association and Commonwealth Bank First Home
Due to increasing fertility and immigration influxes, Sydney is set to face new stream of housing shortages. New Research suggests that the city will need
In the past two years the average home loan amount for first home buyers has risen by 23% showing home loan inflation. This increases fears
As the unemployment rate in Australia continues to rise, up to 1 in 16 homeowners are defaulting on their home loans. Of the top 20
If you can’t afford to purchase a home on your own, why not consider getting a home loan with close friends or family. This trend
Recent research has found that borrowers who use mortgage brokers to source their loan are more satisfied with the service provided and their end loan
Property markets are booming ahead of the spring selling season, however analysts warn that the selling blitz may be a sign that vendors are making
New figures suggest that there is a new trend emerging in the mortgage market; non romantic couples entering into a shared mortgage. It is becoming
Congratulations on the prospective sale of your property. It is often an exciting and yet stressful time. Let’s face it, putting your property on the market
You may have heard a lot about the mortgage term ‘refinancing’. Used effectively, refinancning your home can be a great way to consolidate debt, release home equity and get a better interest rate.
Refinancing refers to the process of paying off your current loan with a second loan. If the timing is right for you, refinancing can be a very beneficial exercise and may ultimately save you thousands.
Australian Lending Centre is the country’s largest provider of alternative loan products, debt consolidation services and refinancing for over 30 years.
We’re not like your average bank. We don’t have extensive queues that make you wait weeks for funding and we don’t discriminate based on credit history.
Our team understands that not everybody is struggling, some people just need a better loan term with the highest quality of service and transparency.
Whatever your situation, you are bound to have questions about our process, products and services, which we've compiled together for you.
For 25 years the Australian Lending Centre has been offering customers support and access to the latest financial products and services. Our highly trained, caring team is here to help you get on track. Australian Lending Centre strives to make a long-term commitment to improve your financial wellbeing.
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