Articles

Research organizations take the temperature of the population through surveys. They aim to find the upcoming trends and forecast the future. When these organizations survey entrepreneurs, they continually find that these individuals are satisfied with their career choice. In 2020, a study found that 76% of respondents reported being very […]

Serviceability is defined as the ability a borrower has to meet loan repayments. This serviceability amount is determined by assessing the amount of the loan, how much the borrower makes, their expenses and other liabilities. The amount calculated is known as the debt service ratio. Most traditional lenders limit acceptable […]

All loans impact a client’s credit score. Since they acquire new debt, it reflects on the credit report. New debt poses a risk for the client because there’s no true way to know in the beginning if they’ll successfully pay it back in full. The lender completed their due diligence […]

The bridging loan calculation consists of several factors, including the current outstanding mortgage amount, the new interest rate, and the estimated value of the new property.  Bridge loans remain a short-term solution to help a client fill a gap between two financial points. The 1960s saw the first short-term loans, […]

Bridging loans provide a short-term solution to homeowners seeking to simultaneously sell their current home and buy a new one. Bridging loan regulations kick in when the applicant’s current home becomes collateral against the loan. The bridge loan exists in two versions, regulated and unregulated. An unregulated bridge loan remains […]

A bridging loan is not the same as a mortgage. To obtain bridging finance, applications go through a similar application process. The process has differences, such as evaluating the current homeowner’s property’s value and the value of the new property. Additionally, bridge loan applicants provide proof of income for the […]

Bridge financing is not the same as a mortgage. Both require application and threshold requirements, but they’re not the same. A mortgage requires a 20% deposit upfront. In cases where the deposit is not available, applicants are asked to provide alternative solutions, such as a guarantor, collateral or to pay […]

If you have a client who is a native Australian currently living outside Australia and who is trying to secure a home loan, it may be a challenging process. However, it is possible. While they may not use the home as their primary residence, they may use it as an […]

Buying property overseas is a popular investment option for many Australians. Whether they want to take advantage of a country’s capital gain trends or because they have a connection to the area, your clients may wish to purchase a house overseas. While they cannot secure a loan to fund their […]

Yes, if your client is an Australian citizen receiving an income using foreign currency, they can use the foreign currency to qualify for a mortgage. However, lenders may only consider 60-90% of your client’s foreign income to accommodate the exchange rates. Therefore, they may also need to be earning some […]