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Showing posts from September, 2020

A Complete Guide on Low Documentation Home Loans

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The low documentation home loans, also known as   low doc home loans , are a  type of  lending solutions for self-employed borrowers.  It is designed for investors or self-employed ,  borrowers ,   contractors, freelancers and other people who have no regular jobs and  are unable to file tax returns as they cannot   prove their income through traditional means such as providing  pay slips.    Features  included in  low doc home loans   Low doc home loans  come with the following features:   Fixed interest rates   Multiple loan accounts   Additional Repayments   Redraw facilities   Offset account   Flexible rates   Features that are not included in low doc home loans   third-party guarantees   introductory interest rates   repayment holiday   security substitution (in some instances)   Documents required for applying to low-doc home  loans   While this loan does not require showing much evidence as compared to the traditional home loans,  there are still  two or more  copies  of the fol

What are Debt Consolidation Home Loans and Why is it Important?

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Paying off m ultiple  loan s   is a thing we all are familiar with.  There are several people in Australia that  incurred  different types of debts from different places  in the form of credit card bills, health bills, vehicle loans , etc. But most  of the times, these people are  foun d struggling to balance their debt repayments ,  undergo  huge amounts of stress and worse still, often lead to further unintentional debt.     Debt consolidation Home loans  provides the perfect solution  for this type of problems.  It is a way to bring together all types of  existing  loans - credit card, student debt, store card etc.,  together into one new debt, which helps the person to manage his repayments and give a clearer picture of his financial future.   The amount that  is offered to the person taking  debt consolidation  loan  is based on the equity that's already in  their  home.   With the help of a  debt consolidation home loan , there is only one single monthly payment that the borr