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Split loans
There are so many loan options in the finance industry that you may want the security of one option but the flexibility of another. By splitting your loan you can have both.
If you have an investment property as well as a home, or want to fix a part of your loan for a period of time, you can have your loan split into 2 of more facilities to suit your needs. Contact
Bad Credit Loans Expert on 1300 780 050 to discuss the split loan facility further.
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Principal and Interest vs Interest Only Loans
A Principal and Interest loan allows you to make reductions on the loan with every periodic repayment. This facility is most commonly used in the current market place. By opting for this type of repayment option you will own your house outright by the end of the chosen loan term (as long as you pay your repayments on time every month).
Want to maximise your investment potential? Then why not consider an interest only facility. This product is often used in conjunction with construction projects whether it is short or long term. It is also suitable for residential investment properties.
You can organise an interest only facility for up to 10 years, which will roll over to a standard Principal and Interest Loan for the remaining term. With lower repayments, your cash is free for other investments. This tactic is used by investors both with little and extensive experience. Contact one of the
Bad Credit Loans Expert team to hear more about how this product can maximise your investment potential.
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Investment loans
We can organise loans for residential investment properties, commercial property, businesses, purchasing shares or any other worthwhile investment opportunity. By borrowing for your investing you can receive huge tax advantages (please consultant your accountant).
The idea of borrowing for your investing is built around wealth creation. This is the perfect way to build the worth of your balance sheet and prepare for the future. At
Bad Credit Loans Expert we can help you finance your investing.
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Line of Credit
Thinking of using the equity in your property for future investments? With a line of credit, utilise the equity you have in your property and make it easily accessible. With a Line of Credit you can have the equity of your property at your finger tips via a cheque book or key card.
With a Line of Credit you can use the available funds for any use whether it is for personal, investment or business use. It is up to you when you use your funds and what the funds are used for. There are many ways to operate your spending in conjunction with your line of credit. Contact us at
Bad Credit Loans Expert to find out how you can get set up and get the most out of your Line of Credit.
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Low Doc Loan
Don't have current business financials but want to get a loan now? We can organise a loan for you without financial statements. If you have a current ABN or are in secure permanent employment, you can sign a self-declaration of income, specifying your earnings.
This type of loan has been introduced as the banks realise that many people, especially self-employed people do not keep up with their financial records. This does not have to disadvantage you in the property and investment market. While you do need to provide a substantial deposit (between 20-35% depending on the financial institution), instead of financials, you simply provide a self-declaration confirming your earnings to the banks. Talk to one of our consultants about how simple it can be for you to get finance.
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Negative Gearing
Loans to purchase investment property and share portfolios or investment trusts have been popular for many years. There can be significant wealth creation opportunities and tax advantages. You should seek professional advice from a licensed adviser or accountant before adopting such a strategy.
At Bad Credit Loans Expert, we have access to financial solutions to suit every possibility. Discuss the finance options with one of our consultants that will suit your particular investment needs.
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Loans for bad credit ratings
Even if you have a bad credit rating due to default or judgement, all is not lost. A loan to suit your needs is still obtainable via the non conforming market. We deal with financial institutions that specialise in these types of situations. You can borrow up to 90% of the value of a property to refinance bad debts or purchase a home.
With the non conforming product you can get back on track with your finances and have the opportunity to start showing a good repayment history. Once this repayment history can be proven, you will once again be within the guidelines of the prime lending market. Don't be embarrassed about your situation. Everyone gets into financial trouble occasionally. Give
Bad Credit Loans Expert a call on 1300 780 050 and find out how you can get back on track.
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Fixed rate loans
In the current economic climate, many people are worried about increasing interest rates. You can have your loan fixed for a period of 1-10 years for piece of mind. This will guarantee a constant periodic repayment for the chosen fixed term.
It is important to note that fixed rates can frequently change (either higher or lower). To protect yourself from a rising rate you can opt for a rate lock at the time of application. This can often come at a cost but will guarantee a specific rate.
Talk to one of Bad Credit Loans
Expert consultants about your future plans. Some fixed facilities have limits on the amount of extra repayments allowed over the fixed period of the loan. If you think that you may want to make extra repayments, ensure that you mention this possibility when discussing your loan with us.
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Variable Rate Loans
A Variable Rate Loan is a standard mortgage, where the interest rate of the loan (and consequently the periodic repayments) can move in accordance with economic conditions at the time. With this facility you make principal and interest reductions in every repayment.
With a Variable Rate Loan you are able to pay lump sums off your loan without penalty. With this method you have the ability to pay off your loan much quicker. With some institutions there are Discount Variable Loan facilities where you receive a discount on the rate for the life of the loan. Contact one of the
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Refinancing or Debt/Loan Consolidation
Consolidating debts into one loan at the lowest rate possible can save a substantial amount of money and allow you to "breathe" financially during those tough periods.
Example:
Home Loan $ 200,000 @ $1,274 per month
Personal Loan $15,000 @ $379 per month
Car Loan $15,000 @ $379 per month
Credit Cards $10,000 @ $500 per month
TOTAL DEBT = $240,000 @ $2,532 per month (or maybe worse?)
AN ALTERNATIVE CONSOLIDATED LOAN
$240,000 = only $1,431 per month
A SAVING OF OVER $1,100 PER MONTH OR $13,200 per annum.
That represents a saving of well over $200,000 over the life of the loan.
Do all lenders offer the same rates and conditions? No. We will show you that by re-financing or re-structuring your loan it is possible to get a better deal - possibly save tens of thousands of dollars off your loan. We negotiate the best rates and terms for our customers through our extensive range of financial institutions.
Interest rates are not the only reason you may choose to change your mortgage, there are a host of features that may not be available through your current lender. These may include 100% offset account, line of credit, a good redraw facility, no monthly fees and an ability to split the loan.
Need Extra Cash? Using the equity in your home and by refinanceing your current mortgage you can raise capital for any worthwhile purpose, ie. Home renovations, debt consolidation, new car, shares or even a holiday around the world.
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Bridging / Go Between Loan
You may find yourself in the situation where you find a new home before you've sold your existing one. Its usually a dilemma. But with
Bad Credit Loans Expert you can relax because we have a loan specifically for this situation called quite appropriately a Bridging Loan or Go Between loan.
You can get this loan facility by using both your new home and your existing one as security. With this facility you are able to capitalise interest onto the loan.
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Fixed rates v's Variable
