Blog - Page 3 of 14 - Pearl Financial
home loan requirements for self employed
Dec 02

Home Loan Requirements For Self Employed

By Shane | Self-Employed

When it comes time to apply for a home loan there is going to be a requirement to provide the lender supporting documentation along with the application. If you’re self-employed, then the requirements may be slightly different. To make sure that you are prepared, let’s take a look at the home loan requirements for self-employed people.

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What you need to know about your interest only investment loan
Nov 08

What You Need To Know About Your Interest Only Investment Loan

By Shane | Fundamentals

Property investors often choose to set the repayments for their investment loans to ‘interest only’ repayments. An interest only repayment means you pay only the interest due each month, but you aren’t paying down the loan balance.

By comparison, a principal and interest repayment is made up of a portion that covers the interest due and a portion that pays down the loan balance a bit with each payment made.
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How to get an investment property loan
Nov 06

How To Get An Investment Property Loan

By Shane | Investing

In the past, it might have been easy to get a loan to buy an investment property or to fund a project. However, today banks hold onto their money much more tightly, leaving many a hopeful wondering how to get an investment property loan. It’s not quite as easy as filling in the relevant paperwork, but the process could be much smoother if you consider these steps before even picking up the phone to your potential lender:

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A First-Time Buyer’s Guide To Home Loans
Oct 27

A First-Time Buyer’s Guide To Home Loans

By Editorial Team | Home Loans

Buying your first home is an exciting prospect but it can be a little daunting when faced with all the different kinds of home loans now available. There are so many different banks and financial institutions offering loans with differing interest rates and fees, lengths of loans and benefits that it’s hard to choose which one will suit you best. There’s no longer any such thing as a simple 25-year home loan with regular repayments. And simply paying off a home mortgage as fast as you can is rare as well. There’s a plethora of new technology to help first home buyers. For instance, a borrowing power calculator helps estimate how much you can borrow, and a stamp duty calculator helps you to work out how much stamp duty you will have to pay the government. Continue reading

Why Refinance
Oct 07

Why Refinance

By Shane | Refinancing

There’s a little thing that I call ‘complacency tax‘ – it’s where you are paying more than you should be, purely because you have stuck with the status quo. It can be applied across all areas of personal finance – bank accounts, superannuation, personal insurances, car/home/contents insurance etc – but the biggest area I see it having a negative impact on peoples budgets is their home loan. Avoiding ‘complacency tax’ is one reason for considering refinancing, but let’s take a closer look at other reasons why refinancing your home loan is something you may consider. Continue reading