Home Loans Self Employed

How To Get A Home Loan Self-Employed

Being self-employed, while rewarding, takes a lot of work and commitment. When it comes time to purchase a home as a self-employed individual, it can be incredibly daunting. Traditionally, banks do not favour those who are self-employed. Preferring those who can demonstrate a sure and steady income from a third party. How to get a home loan self-employed is possible though, and you don’t have to settle for a less competitive rate. 

What Types Of Loans Are Available To The Self-Employed?

If you do a search for home loans as a self-employed individual the chances are that the first results you’ll see references to ‘low doc’ loans. Low doc loans or low document loans require less paperwork than traditional home loans. They are offered to the self-employed as they require less proof of conventional income. There are other reasons lenders will promote lo doc loans such as:

  • Higher interest rates. Low doc loans always incur higher interest, meaning more profit for the lender.
  • Cheaper to process than standard loans.
  • Easier to process as less paperwork.
  • Less for lenders to check or comprehend about your business. 

Of course, with a little more work and attention to detail, you can gain access to other standard home loans such as:

self employed home loan

Why Can It Be More Challenging to Secure A Loan When Self-Employed?

Ultimately, any lender determines the success or failure of a loan application based on the borrower’s ability to pay it back. For those employed by a third party or PAYE borrower, it is easy to demonstrate income. Both amount and consistency of earnings. 

When you are self-employed, this is much harder to quantify. Not only will you have fluctuations in income, but your business will incur profit and loss. Additionally, they will try to determine the future viability or issues your business may face and how this would impact your ability to service the loan. 

It is a lender’s legal responsibility to ensure a loan can be repaid by the borrower. So while the mountain of paperwork may seem excessive, it is done with both yours and the bank’s interests at the forefront.

home loan

How To Get A Home Loan Self-Employed

If you are self-employed and want to pursue a home loan, there are some steps you can take to make this an easier process. Just as you would pay attention to detail and be prepared in business, so should you be in your loan application. 

  1. Engage the help of a specialist broker such as the Australian Lending Centre. They will do the leg-work and shop around different banks and lenders to find you the best offer. Avoid going straight to your personal financial institution as they may not have the best option.
  2. Get your financial paperwork in order. This is one of the major steps in how to get a home loan self-employed. You will need at a minimum the last two-years financial statements, tax returns and notice of assessments. Ensure all of the information has been lodged with the tax office or it may not be counted as valid. 
  3. Read up on the process. Applications can take significant time and each lender may approach the criteria and assessment differently. Understanding how you will be assessed can help you prepare and feel less frustrated at changes or delays. 
  4. Plan ahead. To the best of your ability try to forecast your earnings and expenditures. Avoid overextending yourself and having to try to refinance later should the worst happen. This would mean more paperwork and counts as a new application to most lenders. 
  5. Credit History if you have a bad credit score, as with any loan, this will create issues. Do a check on your credit rating and implement some simple steps to improve it in the short term and boost your chances of success. 
  6. Cash flow. Think about where you ‘park’ your funds for payment of GST and invoices. Utilise these funds to save interest prior to submitting to the ATO. 
  7. Clarify your employment status. If you are a contractor or sub-contractor it can change how you are perceived for loan purposes and make life easier. 
  8. Itemise your add-backs. Add-backs are business expenses that are once off or ‘go-away’ if the business is sold. Examples of this would be insurances, facilities upgrades, or loan interest. Itemising these can help to better assess the profitability and income of the business. 
  9. Proof of ABN registration for a minimum of two years. 
home loan self-employed

Make Your Dream A Reality

Don’t let being self-employed put you off from pursuing your dream home. With careful planning and expert advice from the Australian Lending Centre, your loan application can be easier than you think. If you’re unsure about how to get a home loan self-employed and are looking for guidance, competitive rates, and support, contact us today.

Home Loans Bridging Finance

Top Tips for Buying Property at an Auction

A great way to get the home of your dreams is buying your property at auction. If you’re lucky, you may even score a great price for it. However, 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. If you do it without any experience backing you, not only do you risk losing a lot of money, but you may also have to deal with the fact that the house you had your eyes on may not be within your budget.

On the other hand, if you feel like investing in a home using an auction, you may want to arm yourself with some auctioning tips. Since the competition in Australia’s real estate is pretty hard, you won’t stand a chance if you don’t suit up, stand tall and do your research.

Here are some tips for buying your property at auction

Don’t bid before visiting the auction

Auctions aren’t always 100% sure and the ones holding the bidding will try as much as possible to make you see only what is nice and great about the house – while conveniently glossing over the negative sides.

So before bidding all confidently on an auction, make sure that you are completely aware of what you are trying to buy. Getting a home is as important as it is expensive, so you may want to find out all there is to know about the auction before placing your bid.

Ensure you visit the property prior to the auction
Buying your property at auction

Make sure you are prepared when buying your property at auction

Imagine finding the home of your dreams, bidding on the home and then realising you can’t actually buy the property. Heartbreaking. Don’t let this happen to you. Before you start attending auctions, make sure you have been pre-approved for a home loan. This immediately puts you in a better position, as you are more aware of your spending capabilities. At the same time, you want to make the process as seamless as possible.

Set your budget

Regardless of whether you have been pre-approved or not, you must ensure that you have set a budget. If you don’t want to go into personal financial bankruptcy, you may want to set a budget before confidently throwing your money at an auction. It would be very awkward if you realised at some point that you can’t afford to pay the bid. Therefore, establish the amount of money that you can borrow from the bank – or the sum of money that you already have in your possession.

Arrive early

When buying property, make sure you get to the auction nice and early. This will give you more time to assess the property. Look at the landscape, observe the competition(are they looking at the contract) and give yourself some time to calmly gather your thoughts.

Bid low and slow

Whilst there are many bidding strategies involved in buying a property, we would recommend that you start low and slow. Whilst a big bid can get things moving quickly, it may actually backfire in the long run. Big bids are uncontrollable. If the market is strong, those bids will come about anyway.  If you start bidding earlier on, and slower you are in more control of the situation. The first minute or so of bidding is typically the most nerve-racking. As such, keep the auction going to settle nerves.

Research the market

Make sure you do research on the current housing market
Make sure you do research on the current housing market

Before you attend an auction, make sure you are aware of the median house price in the location. Familiarise yourself with what has been sold in the area. Look at the size of the house, what’s nearby and how it will fit within your lifestyle.  There are many apps and websites such as which have a whole database of information available at your disposal. Utilizing this information will put you in a better state to make a more informed bid.

Keep to yourself

When attending an auction, don’t spell your entire financial situation to a real estate agent. Keep information such as budget or willingness to pay to yourself.

Get professional help

You know the saying, “better safe than sorry.” A buyers agent can help you deal with the stress and jargon of purchasing a property. Of course, this may be costly, but it will potentially bag you the house of your dreams. Buying agents can bid on your behalf or assist you in understanding the auction process.

Stand confident

When you go to a job interview, you know that you need to dress properly in order to impress and act like you know exactly what you are doing – even though you may not. Well, if we were to take into consideration the top tips for buying a property at auctions, this also applies to a bid for a house. If you look confident and knowledgeable as you bid, this can actually work in your favour. Don’t be afraid to call out your bids loudly and with an ease of confidence. This will dictate that you are serious and not willing to back down.

This is how you can safely land the house of your dreams. Do you have any other tips for buying your property at auction? We’d like to hear your thoughts. Or if you want specific advice on borrowing money before you go on an auction, gat in touch.

Refinance and Refinancing Debt Management

How Can I Pay Off My Mortgage Quicker?

A mortgage is a debt. Therefore, failure to pay on time can cause you massive problems and drive you into stress. The idea of paying off all your mortgage can be pretty unnerving. There is a need to formulate a plan on how to go about the whole repayment process. So, how can you pay off your mortgage quicker?

Having no plan means you will be less likely to live a debt-free life as you will be having issues with your lenders for failing to submit your periodic payments. If you become trapped in a bad cycle of debt and you cannot make loan payments, the banks can opt to sell your home to recover any capital. Don’t be in debt all your life, or risk losing your dream home. Instead, pay your debts off quickly and live financially free.

The following are some free and easy steps you can take pay off your mortgage quicker

Refinancing your home loan

During your financial analysis and review, you may find out that your home loan doesn’t meet your needs. In such a situation, you will need to consider refinancing your mortgage. Bargaining your current rates with your already existing mortgagees or shifting to a new lender that offers a lower interest rate may bring about an increase in savings and help cut down the duration of your principal and interest loan.

Switch to a biweekly payment

As an alternative to one monthly fee, you can submit a half-sized payment every two weeks. What I mean is that, if your average mortgage amount per month is $10000, you will pay $5000 every two weeks. The impact on your budget for this mode of payment remains the same as that of one monthly payment. The only difference is that a biweekly payment schedule will lead to an increase in the annual full-sized amount by one (13) instead of the usual 12 out of the 52 weeks of a year. The concept behind this idea is that you will be making an extra payment every year without soliciting around for the additional capital.

Make your mortgage priority

You can secure a debt-free lifestyle much sooner by using the extra cash to make supplementary payments on your mortgage. There is no sense in paying for things you don’t need

Make more recurrent payments

Since interest on mortgages is calculated daily, submitting payments more frequently may aid in reducing the interest you clear over the term of your mortgage so that sooner you are a debt-free person. Take advantage of your lenders policies as some lenders may allow you to shift from monthly payments to fortnightly repayments.

Maintain the steadiness of your repayments

Interest rates can decrease. You should keep repaying your mortgage even when the prices are higher. When the rates are lower, the excess money will come off your principal, and this money can support you pay off your mortgage quickly.

Assess the market

There is always competition in the market. In a tight market, your mortgagees will still compete for your enterprise, so you should take some time every year to do a mortgage check and find out what promotions are out there. Don’t just sit and forget about your mortgage. There is always an opportunity to save. Take it.

Dedicate any Bonuses into your mortgage

How much you pay towards your unsettled principal balance matters can play a large role in reducing your overall balance.

Over time, you might find yourself with extra funds and lack a better way to put it into use. Situations under which you can find yourself with excess funds include; a bonus from work, tax refund, and inheritance. Choosing to dedicate these funds to your mortgage payment means serious progress towards your mortgage.

 Make use of a mortgage pay off loan calculator

Loan calculator can be an excellent tool for assessing how long you have until your financial freedom. The calculator can be used for other debt types as well, and it is not just limited to how to pay off your mortgage quicker.

Focus beyond big banks

Big Banks fund and support small banks. Unlike most big banks, smaller banks are ready to compete for their customers harder.

Other than personalized services they offer, most smaller lenders offer mortgage options the big lenders don’t. These options typically include lower interest rates, flexible loan terms, higher lending ratios and lower ongoing loan rates. Above all, alternative lenders are more empathetic to your financial needs.

Consider Downsizing

Shifting from a large house to a relatively smaller one is a harsh step. Nevertheless, if you are determined to pay off your mortgage ultimately, consider selling off your large house. Use the profits gained to purchase a smaller, less expensive home and pay part of your mortgage charges.

The profits you get from selling your bigger home may allow you to pay cash for a new house ultimately. Similarly, you can decide to go for a smaller mortgage. Either way, you will have succeeded in reducing your debt. The lower your balance, the quicker you can pay.

Take Away

Paying off your mortgage quicker is usually a sensible decision. Over the mortgage term, It can save you thousands of money in interest payments. Quickly take a look at all the above steps on how to pay off your mortgage quicker and expect to be among the debt-free persons sooner.


When Is It Best to Apply for a Mortgage Without Your Spouse?

Applying for a mortgage is a tough decision to make, especially when you have a spouse and/or kids. There are cases when in fact it’s best to apply for a mortgage without your spouse. We’ll tell you all there is to know about mortgages and what helps you get your application approved, or what could get it dismissed.

Although starting a marriage and looking for a home might be a dream come true for most of us, applying for a mortgage is a rational decision to make. This takes time and ultimately, it might be smarter to apply separately for it.

Let’s see when it’s the best time to apply for a mortgage without your spouse:

If One of You Has a Bad Credit Score

Applying for a mortgage with your spouse means that both of your credit scores will be put on display for the lender to check and compare. Unfortunately, even if one of you has an excellent score, the one with the bad credit can bring both of you down.

The bank will pay more attention to the negative score even if the other score could balance the negative one. As a general rule, it would be best for both spouses to have a medium rating, rather than big discrepancies.

In Case of Identity Theft

There’s nothing worse than applying for a mortgage and finding out that someone has used your name, destroyed your credit score, made many debts and, in addition, had a high credit usage.

To avoid this, check your credit score regularly. As rare as it is, identity theft is hard to prove and it also takes time to sort out the situation.

If your spouse has fallen victim to this sort of crime, but you’ve already found the perfect home, applying for a mortgage on your own is a wise decision.

In Case of Excessive Debt

A high credit card usage is considered to be over 20% of the current loan you’ve taken. Applying for a mortgage when your spouse’s debt has a high-income ratio might come with a denied mortgage application.

If the loan is still approved, consider that you’ll have to deal with higher interest rates, so it might be best to choose to apply on your own.

If There Is No Credit Score

Let’s say that maybe a person has saved money, and never had to take on a loan. From the bank’s point of view, that individual presents a risky application. By not knowing anything about his/her finances and not having any proof that the applicant is trustworthy, the bank will be sceptical in approving the loan.

Your spouse’s non-existent credit history or a short one will certainly be detrimental when applying for a mortgage.

Start by checking both of your credit scores and then talk to a mortgage specialist to give you some advice. He/she will surely tell you if it’s best to apply together, or on your own.

Refinance and Refinancing

Why Should You Consider Refinancing Your Home Loan?

People take a home loan refinancing into consideration when they’re no longer satisfied with their actual home loan or when they want to make some house renovations.

Refinancing becomes a choice when your lending needs have changed or when your home loan is starting to pose difficulties.

  1. Home Loan Refinancing has lower interests rates

This is the main reason why Australians take into consideration refinancing their mortgage. The easiest way to figure out if it’s worth the trouble to switch your home loan is to calculate if the costs of the refinancing will be paid off in the next two years.

Interest rates and fees can build up, so don’t just look at the lower interest rate that comes with refinancing. Take into consideration all the fees implied in the process.

  1. It’s more compatible with your renovation project

Home loan refinancing brings benefits to homeowners who desire to invest in structural renovations that aren’t compatible with personal loans.

Refinancing allows you to use the equity in your property as collateral. This is an option only if the value of the house outpasses the cost of renovations.

Some home loans don’t offer the option for a construction loan, so you may just have to go into refinancing in order to find one that fits your needs.

  1. Consolidating debts is a good option

Home loan interests rates are lower, and this is why many people add their personal loan or car loan to their mortgage. Dividing the payments over the course of the next 25 to 30 years will ensure much smaller monthly payments, but raise the interest rates.

You could benefit from this option of refinancing if discipline and regular payments are something that you’re used to. You could add a personal loan to your house loan, but instead of paying it off for 25-30 years, choose to pay it over the course of the next five years. This will allow you to sort your personal debt faster and even save almost 75% of the interest rate that you would have spent by prolonging the payments to suit your house loan.

  1. Refinancing offers flexibility

If you’ve come to the point where a fixed rate isn’t your best alternative, and you want and actually can pay out the loan faster, then home loan refinancing is an alternative. Being able to pay according to your income will get you out of debt faster, and it also comes with the split facility, a redraw facility, and an offset account.

  1. When mortgage payments are too big

Sometimes, our finances can’t support the mortgage payments and we’re forced to look for an alternative that requires a smaller amount per month. Even though the interest rates could go higher, there are times when our budget isn’t able to cover the payments, so refinancing is in order.

Home loan refinancing comes with advantages and disadvantages, so before taking the step, see if it will suit your needs!

Home Loans

Home Loans – Do’s And Don’ts

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 be you single greatest expenditure. So it is important, especially to future lenders that they are well prepared in entering in to this kind of. No one likes getting rejected, especially when you’re applying to get the house of your dreams. To avoid this, here are some things that you should and should not do when applying for home loans. A little knowledge of how the home loans game works can get you to places.

Do’s and Don’ts of Home Loans

Do your homework. Research everything that has to do with home loans. Most consumers select the lender offering the lowest interest rate, oblivious to the myriad fees and charges that will be added onto the loan later. A low interest rate is important for any type of loan but you also need to know the extra fees like closing costs. So before you apply for a home loan, you should find out how much money you may be able to borrow and what the repayment terms are available for you.

See if there are errors in your credit file. Review everything that is in your credit file. Since the credit bureaus handle millions of files, the possibility for an error is not unheard of. You may find an error or two if you review your credit file at least once a year and then you can take steps to rectify those errors. Why is it important to fix these errors? Because it plays an essential role in the approval of a loan. It’s a record of your current debt and loans you have applied for. Therefore it serves as a reflection of a person’s credit worthiness. We all know how important a good credit rating can be when it comes to home loans or any kind of loan, it can be the difference.

Be ready with the required documents. Paperwork that reflects your employment, income, assets, liabilities and expenses. This includes your tax returns, pay slips, bank statements, credit reports and even your driver’s license

Decide what you can afford. Lenders will give you as much money as they are comfortable handing over, but will depend on your capability to pay it back. Evaluate your income and expenses. This should give you a basic idea of what you might be able to afford for a mortgage repayment every month.

Lastly the most important thing is to make sure that you are prepared to take responsibility of maintaining your new home. It may be a tedious process when looking for the best home loans. But if you do enough research and also speak with many different lenders, you can find out the best options for home loans. You can then compare and choose the right one that’s suitable for you.

Home Loans

Benefits of Second Mortgages

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. You take out a loan which is secured by a particular property. It serves as collateral which reduces the risk for the creditor and makes it more likely that the property owner will get the loan. However, fewer people are familiar with the idea of a second mortgage. This is unfortunate because this type of financial agreement can offer some real benefits.

Home Loans

5 Ways to Leverage Your Home Equity

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 of your property, you should realise that there are more than enough reasons to finally cash in on your home equity. You may use the money to get into viable financial activities that you surely would benefit from in the future.
Leveraging could be risky but only if you would use it to get into deeper financial pitfalls. You could possibly avoid any risk of leveraging your home equity by using it to increase or boost your personal wealth. Here are some suggestions on how you could effectively and successfully leverage your home equity.

Home Loans

4 Ways to Deal with Home Loan in Arrears

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 or several monthly payments. Or you may have been paying smaller amount than the minimum payment amount required. Thus, you may have to deal with home loan in arrears. How to deal with this problem? Here are four effective ways.

First Home Buyer

Top 5 Ways to Save for a Home Deposit

House prices logically increase every year. It is not surprising that it gets more difficult for first time homebuyers to finally buy and own their own dwellings. If you are considering buying your own house for the first time, you should not despair. If you would be more strategic, you could surely find creative ways to save for the major purchase.

Home Loans

Is It a Good Time to Buy Property in Australia?

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 to remain within their current levels but would more likely grow moderately in the next two years. This is the unanimous forecast of numerous industry analysts and observers in the country.

Housing market experts note that local property prices could remain flat or slightly rise within the coming months. However, they assert that homebuyers need not worry. Price increases across the country are still low when compared to housing costs in most other developed countries. Thus, it is still the best time to find and buy Australian properties.

Debt Management

Australian Households Struggle Under Mounting Financial Pressures

Australian households are feeling the financial strains of the global economic crisis as the Christmas season draws to a near. With oil prices still high, the Australian dollar buying fewer than 70 US Cents, and economies around the world slowing, the trickle down effects are showing.

Living costs are at a record high, grocery prices both on the rise. Christmas often stretches the family finances further, making it even more difficult to make ends meet.

Home Loans

Packed to the Rafters: Sydney set to Face Housing Crisis

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 over 33% more apartment blocks and houses than initially proposed in the NSW State Government’s 25 year city growth plan.

It has been found that an extra 876, 640 city dwellings will be needed by 2031, a significant rise from the initial government projections of the 640, 000 proposed.

Director of SGS Economics and Planning, Patrick Fensham describes the consequences, “That will mean pressure on housing affordability, people staying at home longer, cramming in more bodies that people like to in the house.”

Home Loans

Affordable Homes in Australia

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 Buyer Affordability index was 41% higher than in the corresponding period a year ago.

However the dream of home ownership has become tougher over the past couple of months with the index declining by 5.1% to 152.5 points in the June quarter from 161 index points in the March quarter.

Home Loans

NSW Tops Home Loan Default List

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 postcodes where mortgages are more than one month in arrears, 19 postcodes are in NSW, data obtained by The Daily Telegraph reveals.

An analysis by the UWS’s Urban Research Centre has found that areas along the M4, Windsor Rd and Canterbury Rd, as well as the Central Coast, are feeling the impact of the alarming recession. The hardest hit is the area around Fairfield and Liverpool, where the latest figures show that the unemployment rate has jumped to 10.5% (the highest it has been since 2001).

The top areas in NSW for defaulting on home loans is Nelson Bay, followed by Raymond Terrace, Katoomba, Greenacre, Guilford, Fairfield, Cessnock and St Marys.

Home Loans

First Home Buyers See Home Loan Inflation

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 Government incentives for young buyers have been said to be falsely inflating the market.

The average home loan amount increased from $228,600 to $280,600 a massive $52,000 in just two years. The significant increase in first home buyers in recent months has seen first home buyers become an important part of the residential home loan market.

The actual number of first home buyers also rose sharply; rising from just over 9,000 to more than 14,400 in the past year. With so many first home buyers entering the market home loan inflation could make it harder to buy.

First Home Buyer

First Home Buyers Being Priced Out

In recent times it has become even harder for Aussies to get their foot in the door of the property market. First home buyers are quickly being priced out of the market, as investors are snapping up properties right in the midst of a housing shortage.

It seems as though our buoyant economy and strong job prospects have spurred established home owners to invest in property or upgrade their homes.

Bridging Finance

Bridging Finance

Home owners have been making the most of rising property prices.  Sydney, Melbourne, Brisbane and Adelaide all had significantly more properties up for auction than on the same weekend last year, with 1991 homes listed, which was up from 847 last year.

According to Australian Property Monitors, the total weekend auction revenue was up $208 million on the same time last year.

Auction clearance rates in Sydney reached 70.7% at the weekend, up 6.7 percentage points from the same weekend last year.  But Melbourne was by far the busiest city for auctions, with 1072 properties listed for auction, 75.5% of which were sold.

Australian Bridging Finance

If you are selling or have recently sold your property and are in need of a quick short term loan, you should consider bridging finance.  Bridging finance is a very popular way to receive funds and fast, while waiting for your property to settle. Bridging finance is commonly used to assist with the completion of purchasing a new home before settlement on an existing property takes place.

Bridging finance can also be used to access funds for your business, or simply to pay some bills.  Whatever the reason is, if you need a short term loan or cash advance, call us today.

We have our own in-house funding pool, which allows us to facilitate short term funds for a range of personal, business or investment needs. Our loans are hassle free, and approved quickly which sees our clients returning to us time and time again.

A short term loan through the Australian Lending Centre offers competitive interest rates, requires minimal financials and gets approved quickly.

To speak with a consultant today to learn how Bridging finance or a short term loan from the Australian Lending Centre could assist you call 1300 138 188 or simply fill out the enquiry form to your right.

Refinance and Refinancing

Consumers Unhappy With Their Mortgage

In the financial market today, competition among banks and lenders tends to run high to try and land clients. As the consumers are first pulled in by flashy mortgage offers and promises, once the initial honeymoon stage phases the consumers find something they are unhappy with.

In a recent report released by a professional in the industry, they claim about 47% of current mortgage holders are not satisfied with their current mortgage. The majority of the unhappy mortgage holders feel that changing their home loan will be too hard or cost too much in time and money.

Refinancing is the solution to the misconception that changing home loan providers will not improve their situation. Choosing to refinance your home loan is a great option to take advantage of lower interest rates or to source additional cash available from the equity in your home. As this is becoming a more well-known issue, providers are offering increasingly competitive rates and incentives to choose a refinancing product.

Australian Lending Centre has done the leg work and found some of the most competitive refinance products available on the market today, which ultimately will save you time and money as we’ve done the research for you.

Through the refinance process, your current home loan will be paid out in full and you may be able to also pay out additional loans or release some funds in your home loan for a project such as home renovations. The new home loan will often utilise a lower interest rate and also should provide you with a lower monthly repayment.

In addition to refinancing, Australian Lending Centre offers products such as debt consolidation that will allow you to control and eliminate your debt. Debt consolidation focuses on all the debts you have; a personal loan, credit cards, etc and combines them all into one lump sum loan. Similar to refinancing, it creates an easier loan to manage with one low interest rate and one monthly payment. As we have many lenders available, we are sure to provide you with excellent options.

If you are unhappy with your current mortgage or are drowning in debt repayments, contact Australian Lending Centre today on 1300 138 188. Our debt consolidation consultants will assist you in find the best option. Alternatively, complete the enquiry form on the right and a debt consultant will contact you shortly.