Impact of Divorce on Credit Score: Are You Prepared for These Financial Surprises?
Divorce is an emotionally challenging period that can also significantly impact your financial health. From shifts in your credit score to changes in your borrowing capacity, the financial stress from divorce can last long after the legal proceedings are over. At Freedom Loans, we understand how overwhelming these changes can be. We believe that knowing […]
Financial Overcommitment in Australia: The Hidden Trap Affecting Millions
Financial overcommitment in Australia is a growing concern, impacting many households. Sometimes, life throws unexpected challenges that make it difficult to stay on top of finances. Whether it’s due to an unforeseen expense or a sudden loss of income, it’s easy for debt to spiral out of control. In this post, Freedom Loans will help […]
Managing Your Mortgage After a Job Loss: Protect Your Home and Find Financial Stability
Managing your mortgage after a job loss is challenging and becomes even more overwhelming when financial obligations build up. Fortunately, there are actionable steps you can take to safeguard your home and maintain stability. As a bad credit mortgage broker, Freedom Loans specialises in helping individuals facing financial challenges. In this blog, we’ll explore key […]
How to Refinance a Mortgage After a Foreclosure in Australia
Facing foreclosure can feel like a financial dead-end, but for many Australian homeowners, it doesn’t have to be. Refinancing your mortgage after a foreclosure offers the opportunity to regain control over your financial future. While challenging, it is entirely possible to refinance, even if foreclosure has left your credit in less-than-ideal shape. In this guide, […]
The Best Time to Refinance with Bad Credit
Refinancing a home loan can be a powerful financial tool, offering a way to lower your monthly payments, consolidate debt, or secure a better interest rate. However, when you have bad credit, the idea of refinancing can seem daunting. While it’s true that bad credit can limit your options, it doesn’t mean you’re stuck with […]
Comparison Between Low Doc and Full Doc Home Loans
Choosing the right home loan can be challenging, especially when your financial situation doesn’t fit the traditional mold. For many Australians, especially self-employed individuals and small business owners, gathering the necessary paperwork for a conventional home loan can be difficult. That’s where Low Doc Home Loans come in, offering an alternative to the standard Full […]
When Should You Consider a Low Doc Loan?
In today’s financial landscape, securing a loan can be a challenge if you don’t fit into the traditional mould of a borrower. Many Australians, particularly the self-employed, small business owners, freelancers, and those with fluctuating incomes, often struggle to meet the stringent documentation requirements of traditional loans. That’s where Low Doc loans come in. Low […]
How to Improve Your Credit Score Before Refinancing
When it comes to refinancing, one of the most crucial factors that will determine the success of your application and the terms of your new loan is your credit score. A higher credit score can help you lock in better interest rates and save you thousands over the life of your loan. Before you consider […]
Using a Mortgage Broker to Find Bad Credit Home Loans
Finding a home loan can be a daunting task, and when you’re dealing with bad credit, the process might seem even more challenging. However, with the right mortgage broker by your side, securing a home loan – even with bad credit – is very achievable. In this article, we’ll explore the role of mortgage brokers […]
Short-Term vs Long-Term Refinancing: Which is Better for Bad Credit Holders?
When it comes to managing finances, individuals with bad credit often face unique challenges—especially when considering refinancing options. Refinancing can be a powerful tool to help reduce your monthly payments, pay off existing debt, or even improve your credit score. But the big question is: should you opt for short-term or long-term refinancing if you […]
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