Pointer Category

Buying a home: What are the additional costs to look out for

When taking out a mortgage, many people forget to consider the fees and expenses that come on top of the purchase price of the property. Homebuyers will usually incur two types of costs: upfront costs when securing the loan, and ongoing costs once you’ve bought the home. It is best to always calculate your mortgage …

Buying a home: What are the additional costs to look out for Read More »

Managing your investment property: What you should know first

Managing your investment property: What you should know first

The option is entirely yours when it comes to managing your investment property, however it’s best to weigh up the pros and cons before moving forward with your decision. For first time landlords, managing your investment property can seem like a simple way to pay off your mortgage, but there is a lot more time …

Managing your investment property: What you should know first Read More »

What’s a simple way to increase my borrowing capacity?

What’s a simple way to increase my borrowing capacity?

For lenders to determine your borrowing capacity they will perform a risk assessment to better understand your financial health. By doing this, they will determine if you are at risk of your repayments defaulting. If the likelihood is low, then your borrowing capacity will increase. There are several factors that contribute to this assessment. These …

What’s a simple way to increase my borrowing capacity? Read More »

How to buy a home when you’re self-employed

How to buy a home when you’re self-employed

Borrowers who are self-employed frequently face the challenge of being unable to provide payslips and tax returns to support their loan applications. This, however, does not have to prevent you from purchasing your dream home. For applicants who are self-employed but lack the standard forms of job verification like payslips, several lenders provide low-documentation (lo-doc) …

How to buy a home when you’re self-employed Read More »