Payday Loans are now available through our affiliates Cash Doctors.

With a Payday Loan you can borrow up to $600 within 60 minutes.  No more paperwork and no faxing as you can now Apply for your Payday Loan Online.

All you need is a computer or mobile phone and an internet connection.  Easy. The application takes just 5 minutes.

Borrow what you need and then repay the loan with your next pay.  Cash advances are available for a maximum of 45 days.  Costs are disclosed upfront, with no catches and no hidden fees.

Instant Payday loans can help get you through to next payday.  There is now no need to get into more debt with a credit card.  Payday Loans are a short term solution, not a potential long term problem.

Cash Doctors are responsible Payday Loan Lenders so you can apply with confidence.

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The Choice Big Bank Switch Home Loan Refinance Campaign seeks to use group buying power to secure discounted home loan interest rates for consumers.

The consumer group Choice has announced its controversial Big Bank Switch campaign has attracted over 40,000 registered participants.

Choice claim that a few non-bank lenders have expressed an interest, however to date, none of the majors banks have indicated any interest in the campaign.

Refinancing your home loan to obtain a lower interest rate, or to consolidate your debts, is nothing new and can be arranged by any experienced Mortgage Broker.

So if you have missed out on registering for the Big Bank Switch campaign, or have not yet received a reply,we have immediate access to the latest interest rates from over 20 different lenders.

If you would like to know if you might be eligible for a lower interest rate, or a debt consolidation loan, contact us today on (08) 6278 3011 or Apply Online           

Big Bank Switch News

The Choice Big Bank Switch campaign has been largely criticised by brokers and the MFAA (Mortgage and Finance Industry of Australia). Choice who are traditionally a not for profit organisation providing unbiased advise, are believed to be receiving a $250 finder's fee for each successful mortgage refinance application.

Consumers who signed up for the Big Bank Switch Campaign several months ago are still waiting to find out what, if any discounts may be offered to them.

There is a lot of controversy over the campaign which seeks discounted rates on the basis on bulk consumer applications. Industry groups slam this idea as it does not take the individual circumstances of borrowers into consideration.

There is also speculation that the whole campaign may simply flop as lenders are going to want to assess each application on a case-by-case basis.

Choice has been roundly criticised for its foray into the mortgage market, and its involvement in the  Big Bank Switch campaign.  Both Choice and Big Bank Switch are set to receive commissions out of the deal.

The move has prompted calls from the MFAA for an ASIC investigation into the campaign's National Consumers Credit Protection (NCCP) compliance, with the association saying the campaign undermines Choice's independence.

If you would like to know if you might be eligible for a lower interest rate, or a debt consolidation loan, contact us today on (08) 6278 3011 or Apply Online

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Find a Mortgage Broker

A mortgage broker is your best starting point. They not only offer you the widest choice of home loans, but they know what lenders want to see in a borrower and can help prepare your application.

Show How You Are a Saver

Banks now want to see a savings track record, which helps demonstrate you have the capacity to make regular loan repayments. You should be able to show three to six months of steady savings as part of your deposit. Quick cash injections, such as employment bonuses or your tax return, won't be enough on their own, nor will big windfalls, such as an inheritance.

Have a Healthy Deposit

The global slump was largely caused by banks lending people more than what their homes were worth. Banks in Australia now want to see at least a five per cent deposit, part of which is made up of the savings mentioned above.

Have a Steady Income

Be prepared to whip out at least three consecutive pay slips and a contact person to verify your length of employment. Lenders favour borrowers who have been with a company about two years, but job-hopping certainly won’t rule you out, providing you have legitimate reasons for jumping ship, you have no large lapses in your recent employment history and you are not on probation in your new job.

Self-employed candidates usually face bigger hurdles. Make sure you have at least three years of tax returns, plus profit and loss statements. You could also talk to your broker about loans with more flexible lending criteria. Just be aware you will probably pay higher interest rates in exchange for the bank's blessing.

Get a Good Credit Rating

A good credit record is important to lenders. Applicants who are late paying bills and rack up high debt on their credit cards will send up red flags.

If you think you may have a poor credit rating, talk to your broker about getting a copy of your credit file before you apply for a mortgage. That way, you can be in a better position to address any concerns.

To maintain a positive credit file, pay your bills on time, make regular repayments above the minimum on your credit card, and keep your credit card limit manageable. Banks consider what you could spend on your card when determining your borrowing capacity. If you have a high limit and don't need it, reduce it.

Be Prepared for a Low Valuation

Lenders are generally conservative when valuing a property for a loan to give themselves a buffer should you default. With property values in some areas flat-lining or even retreating, you may find your lender's valuation isn't as generous as you thought, leaving you short on what you can borrow. You may need to save a little more or consider a different property.

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The Choice One Big Switch Home Loan Refinance Campaign seeks to use group buying power to secure discounted home loan interest rates for consumers.

The consumer group Choice has announced its controversial One Big Switch campaign has attracted over 40,000 registered participants.

Choice claim that a few non-bank lenders have expressed an interest, however to date, none of the majors banks have indicated any interest in the campaign.

Refinancing your home loan to obtain a lower interest rate, or to consolidate your debts, is nothing new and can be arranged by any experienced Mortgage Broker.

So if you have missed out on registering for the One Big Switch campaign, or have not yet received a reply,we have immediate access to the latest interest rates from over 20 different lenders.

If you would like to know if you might be eligible for a lower interest rate, or a debt consolidation loan, contact us today on (08) 6278 3011 or Apply Online

One Big Switch News

The Choice One Big Switch campaign has been largely criticised by brokers and the MFAA (Mortgage and Finance Industry of Australia). Choice who are traditionally a not for profit organisation providing unbiased advise, are believed to be receiving a $250 finder's fee for each successful mortgage refinance application.

Consumers who signed up for the One Big Switch Campaign several months ago are still waiting to find out what, if any discounts may be offered to them.

There is a lot of controversy over the campaign which seeks discounted rates on the basis on bulk consumer applications. Industry groups slam this idea as it does not take the individual circumstances of borrowers into consideration.

There is also speculation that the whole campaign may simply flop as lenders are going to want to assess each application on a case-by-case basis.

Choice has been roundly criticised for its foray into the mortgage market, and its involvement in the One Big Switch campaign.  Both Choice and One Big Switch are set to receive commissions out of the deal.

The move has prompted calls from the MFAA for an ASIC investigation into the campaign's National Consumers Credit Protection (NCCP) compliance, with the association saying the campaign undermines Choice's independence.

If you would like to know if you might be eligible for a lower interest rate, or a debt consolidation loan, contact us today on (08) 6278 3011 or Apply Online 

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The National Rental Affordability Scheme  or NRAS provides a unique opportunity for property investors. 

The NRAS scheme is an Australian Government initiative, designed to stimulate the supply of 50,000 new affordable rental dwellings.  Under the scheme, eligible tenants are offered rental at 20% below the prevailing market rent for a similar property.

The incentive for investors is that the government pays an annual tax free incentive (currently $9,524 per dwelling) for any properties approved under the scheme.  The payments are guaranteed for a term of 10 years. 

This means effectively your N-RAS investment property may be positively geared, with the rental income (plus incentives) exceeding your required loan repayments.

Benefits of investing in an NRAS Property

- taxation free incentives guaranteed by the government for 10 years
- depreciation allowances on new buildings
- investors can pick their own tenants, as long as they do not exceed certain income thresholds
- NRAS properties are brand new turn key developments
- opportunity for a positively geared investment property

The National Rental Affordability Scheme is a win win situation for both property investors and tenants.

The NRAS incentive is not available on standard residential properties. All NRAS properties must first be approved under the scheme.

Rigorous selection criteria are applied by the Australian Government to the location, design and amenity of NRAS dwellings, all of which must also comply with State, Territory and Local Government planning and building codes and requirements.

NRAS is not a public housing program, it is a tax incentive to induce more private investment in the lower price range of the residential construction market.

Call us today on 6278 3011 for more information, or you send send an email from our NRAS webpage.

NRAS properties available in Perth 

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First Home Ownership may now become easier with some Lenders now allowing

non genuine savings to form part of the home buyers deposit. 

This means the deposit could come from savings, First Home Owners Grant, a gift from parents or even a personal loan.

Only select lenders will allow non genuine savings, so it pays to speak to an experienced broker who can help you to qualify for a loan.

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