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If you have a bad credit history, applying for a home loan can feel overwhelming—but it’s not impossible. Many Australians with defaults, missed payments, or even discharged bankruptcies have successfully secured finance with the right support and guidance.
During the term of a mortgage a mortgagee will pay more in interest than the loan the originally received. By understanding how loans work and the fundamentals of interest, you can be in a position to reduce the biggest cost of a mortgage - interest.
A building and pest inspection helps uncover hidden issues like structural damage or termites before you buy. It protects your investment, gives you negotiation power, and prevents costly surprises. Don’t skip this crucial step in the property buying process — it could save you thousands.
Your debt-to-income (DTI) ratio compares your monthly debt payments to your income. Lenders use it to assess your ability to manage repayments. A lower DTI means you're more likely to be approved, as it shows you’re not stretched too thin financially.
Thinking of investing in property for the first time? An accountant can help you structure your purchase tax-effectively, maximise deductions, and avoid costly mistakes. Getting the right advice early could save you thousands in the long run.
Copyright © 2025 2K Finance – Residential Mortgage Specialist | 2K Finance Credit Representative Number 549574 to Australian Credit Licence 377294. Information is general and non-specific to any individual. Always seek advice from a financial advisor.