Perth resident, George asks “I’m self-employed but my tax returns aren’t up-to-date. Can I still obtain a home loan?“ Thanks for the question George. Of course, sorting your tax out before borrowing might be your best bet, there are still some options available to you. If you do not have… Read more
Bankstown resident, Julia asks “I’m currently on maternity leave and my husband and I wish to purchase a property. My bank has told me we won’t qualify until I return to work, are there any lenders that can help us before I return to work?“ Fantastic question sent in by… Read more
Western Sydney resident, Katrina asks “I defaulted on a personal loan a few years ago and I think I’ve got a bad credit rating. Would I be able to get a home loan?“ Great question Katrina, and certainly one we deal with a lot here at Mortgage World. This… Read more
Sydney resident, Luke asks “I want to buy my first car. Should I take out a personal loan? What’s the difference between a car loan and a personal loan?“ Great question Luke, and one we get a lot here at Mortgage World. Typically, a car loan is secured by… Read more
Killara resident, Lyn asks “I wish to purchase a small studio apartment as an investment property, but my bank said they wouldn’t finance a small property. Why and what are my options?“ Thanks for the question Lyn. Sorry to hear you’ve been denied finance for the investment property. There… Read more
Central Coast resident, Simone asks “To obtain a home loan, what documentation do self-employed individuals who work under a company structure require?“ Thanks for the question Simone. For this one there’s a fair bit to consider. Home loan documentation for those that are self-employed or those who apply under… Read more
Camp Hill resident, George asks “I own my own home and have substantial equity in it. Do I need a cash deposit to purchase an investment property, or can I use the equity I already have? Thank you so much” Great question George. It is a bit of misconception that… Read more
Dee Why resident, Rachel asks “I often hear about people buying numerous investment properties using interest only loans. What’s the advantage of doing this? Does it lower the repayments or something, and what do you need to be eligible for one?” Thanks for the question Rachel. There are some advantages… Read more
Balmain resident, Byron asks “I don’t have any genuine savings but my parents said they’d be willing to give me the 10% deposit required to purchase my own home. Is a gift acceptable as a deposit?” Thanks for the question Byron. This is most certainly a question that we get… Read more
Bella Vista resident, Kylie asks “I’ve just turned 30 and I’m interested in purchasing a property on the Central Coast, and wanted to know how much deposit is required before being eligible to apply for a home loan?” Thanks for the question Kylie. This would have to be one… Read more