A good credit score (usually 600 or higher) is necessary for securing a home loan in Australia.However, each lender will have their own thresholds of what credit score they accept.While credit scores are a key factor, other aspects like income, savings, and employment history also play a role.With a lower credit score, options such as […]| Eden Emerald Mortgages
A guarantor home loan allows first-home buyers in Australia to secure a mortgage with little or no deposit by using a family member's property as security. This helps borrowers avoid Lender's Mortgage Insurance (LMI) and speeds up the process of entering the property market. However, guarantors face financial risks if the borrower defaults, potentially putting […]| Eden Emerald Mortgages
Australians on fixed-term contracts can obtain a mortgage in Australia.There can be challenges due to perceived employment instability.To improve your chances of approval, demonstrate financial stability through a strong credit history, consistent income evidence, and a larger deposit.Speak to a mortgage broker who specialises in fixed-term contracts, and can assist you with securing your mortgage. […]| Eden Emerald Mortgages
Obtaining a mortgage with a new job in Australia can be challenging due to lenders' concerns about employment stability and the probationary period associated with new positions.By presenting a strong financial profile, providing detailed documentation of employment and financial history, and potentially increasing the deposit, Australians can improve their chances of securing mortgage approval.Speak to […]| Eden Emerald Mortgages
Casual employees in Australia can obtain a home loan, though they may face additional challenges due to the perceived instability of their income.To improve their chances, casual workers should maintain detailed financial records, demonstrate a history of consistent employment, and consider saving for a larger deposit.Alternative financing options such as non-conforming loans and specialist lenders […]| Eden Emerald Mortgages
Discover LMI waiver options for nurses in this guide. We cover special benefits, tips to help nurses, and how to secure the best mortgage.| Eden Emerald Mortgages
