What's new?

We are seeing more and more the introduction of “Lo Doc” loans in the market place. These loans have been designed to accommodate self employed people that are unable to provide proof of income. Reasons for this may be that the financials haven’t been prepared yet?

In the past, if you owned a small business, you were unable to obtain a home loan. Nowadays the process is quite simple. Once you have completed the standard application form, you sign a declaration stating what your annual income is. The Lender will use these figures in good faith and providing that you meet the lending criteria, you will qualify for a loan.

Simple!

A local lender that is providing this type of service is The Vision Home Loan Company. You can phone for a quote on 9248 7212. If you mention this newsletter, you will receive a $100 Myer gift voucher on settlement of your loan.

Consolidating your loans!

Christmas is a very exciting, expensive time of the year! Like most people we tend to rack up the credit cards over this holiday period. By January we are pulling down the tree and pulling out our hair!

One way to alleviate some of that post Christmas woe, is to consolidate your debts into the home loan. This may not be the ideal solution, but it is a way to minimize your monthly repayments.

You can add your personal loan, car loan and credit cards to your housing loan. Most banks will let you consolidate debts up to 90% of the value of your home. As long as you have some equity, you will be able to do this.

You will find that your repayments may not even change.

One point to remember is that you must get rid of the cards. Don’t just pay them off; otherwise you will have the same problem next year!!

Richard Phan and George Bidawid have recently taken up office in the Altone Park Shopping Centre.

They have come together to take real estate to new heights.

They pride themselves in being able to provide professional and ethical service to their clients. With the help of their home consultants, they have become a major presence in the Beechboro and Dianella areas.

For an obligation free assessment of the value of your home, please call their office on 9378 2555.

One of their trained consultants will come out and appraise your home. You may even be looking for an investment or commercial property? They can help you!

Take the time to speak to your local representative.

CHOICE HOME LOANS

How healthy is your home loan?

Call now for a FREE checkup.

Rose 9248 7212