First tier lenders vs. second tier lenders

Jun 17, 2019 5:26:40 PM

Stricter lending conditions across Australia have led to a rise in the number of borrowers turning to second tier lenders for finance. Second tier lenders – who can be smaller banks or non-bank lenders – whilst also tightly regulated, can often have more flexibility in the rates and fees they can offer. As a borrower who doesn’t quite meet bank lending criteria of the Big 4 Banks, a second tier or non-bank lender may be the answer.


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Topics: non-bank lender, lending options, Mortgage Advice, Australia Mortgage Broker, First Tier Lender

Buying a home with a small deposit

May 10, 2019 8:00:39 AM

If you’re struggling to save a deposit to buy a property, you may be wondering what your options are. Should you keep saving and potentially miss out on a bargain or optimal buying conditions in the market, or do you push ahead and apply for a mortgage with a small deposit? While it’s not easy securing a mortgage with a small deposit, it is certainly possible. Here are three ways to do this.


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Topics: lending options, Low Deposit, Home Loan Advice, Low Doc Home Loan, Australia Mortgage Broker, Home Loan Application

5 First home buyer mistakes to avoid

Apr 15, 2019 11:56:33 AM

When buying your first home, it’s easy to get swept up in a whirlwind of excitement and make mistakes that could end up costing you later on. Even if you’ve done your research and have a good understanding of the property market, there’s a lot to take in and to think about. Here are 5 first home buyer mistakes to avoid.


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Topics: First Home, lending options, Home Loan Advice, Australia Mortgage Broker, Home Loan Application

How to get a home loan when you’re self-employed

Apr 15, 2019 11:48:11 AM

When applying for a mortgage, most lenders require you prove your income which can be a challenge if you’re self-employed; particularly if you haven’t already done your taxes or been in business for very long. But that doesn’t mean the end of your home ownership dreams. At Mortgage Express, we help self-employed borrowers every day, working with lenders who offer alternative options and access to competitive home loans.


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Topics: Credit Check, Self-Employed, lending options, Home Loan Advice, Small Business Lending, Australia Mortgage Broker, Home Loan Application

Using a broker vs. going direct

Aug 17, 2018 10:24:47 AM

According to data sourced by the Mortgage & Finance Association of Australia (MFAA), consumer confidence in mortgage brokers is growing, with over 55 per cent of Australian home loans now underwritten by mortgage brokers. And it’s not hard to see why! With access to a panel of lenders, market and industry know-how, and the ability to negotiate on your behalf, it makes sense to work with a mortgage broker.


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Topics: Mortgage Broker, Home Loan, lending options, Australia Mortgage, Tips for buying, Home Loan Advice

Big banks, small banks, non-banks

Feb 23, 2018 7:00:00 AM

When deciding on a home loan provider, many people choose to approach their own bank in the first instance, believing it makes sense to work with a lender already managing their everyday banking. This is not always the best option however, and it could mean missing out on better deals. To help you decide on the right lender, we’ve outlined some of the pros and cons of big banks, small banks and non-banks.


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Topics: Pre-approvals, Home Loan, Mortgage, Australia Property, Australia Real Estate, mortgage rates, Home loan rates, family home, non-bank lender, lending options, Bad credit

Buying a home with bad credit

Feb 21, 2018 7:00:00 AM

A bad credit rating can put the brakes on your home buying plans, but it doesn’t have to be the end of your journey. Understanding what bad credit is, how to avoid it, and what your options are if you already have a bad credit rating, can help you decide on the next steps to take when buying property.


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Topics: Pre-approvals, Home Loan, Mortgage, Australia Property, Australia Real Estate, mortgage rates, Home loan rates, family home, non-bank lender, lending options, Bad credit