NEWS & UPDATES

April 1, 2019

3 years honey moon rate product for first home buyer @3.50%(comparison 4.01%)

Refinance your owner occupier and receive upto $1688 cash back!

Contact us for more information

www.samloans.com.au

June 7, 2017

Business loans have specific features. The tips of avoiding decline are summarised as following:
 
a. Improving your credit score: Reviewing your financial history, identify where it can be improved is vital.

b. Planning: Understanding the assessment criteria (healthy debt to income ratio, existing business assets and a justified cash flow position) and...

June 1, 2017

In the past, the great Australian dream was to buy a home on a quarter acre block and then do everything you can to pay that down as fast as possible in the hope of living debt-free. Today, ‘Rentvesting’ is quite the opposite. It says it is okay with good debt. You’ve got to have an open mind and be comfortable with debt. As an example, many working mille...

May 9, 2017

Lender’s mortgage insurance (LMI)is required when a loan is worth more than 80 per cent of a property’s purchase price. In layman’s terms, when a lender considers a loan to carry a high risk, LMI is likely payable. Tips on avoiding paying LMI are as following:

1.Save for a higher deposit

2.Get a guarantor

If you don’t have the financial capacity to meet a 20...

April 21, 2017

How to avoid paying too much for a home is central and critical for our wealth creation journeys. Below are essential tips:

  1. Set a benchmark: Comparing nearby properties that have sold not long ago. Ensure the properties are comparable with a similar land size and number of bedrooms. Thus, you don’t measure apples against oranges.

  2. Bearing in mind c...

April 21, 2017

There are many simple tips you can do to cut years off your mortgage. See below:

  1. Small extra repayments: It doesn’t always take large amounts or windfalls to make a substantial difference – plan regular, small cash injections can have large impacts over the life of a loan. For instance, extra $50 a fortnight on a $500,000 loan, that saves you $32,000 o...

April 21, 2017

Purchasing a property is a thrilling yet nerve-wracking experience, it is imperative to surround yourself with a network of support and expertise including:

  1. Real estate agent/buyer agent

  2. Insurance companies: e.g. mortgage protection and property insurance, will help you avoid being hit with a major financial burden should anything not go as planne...

April 20, 2017

Sometimes, a bank may decline your home loan application due to a low credit score. What are the causes of a low credit score?

There are many factors contributing to why people failed their banks’ credit score, which can be divided into three parts including personal situation, credit file and application process.

Personal situation

  • Employment: If you ar...

March 16, 2017

Many borrower ask us, why major banks only recognise 50% of my regular overtime income, my second job income? Why my investment rental income only recognise 60%~80% as my income? Only because it is high density zoning?

Dont worry, we know how hard you work and we know banks that recognise 100% of your regular overtime income, 100% of your second job income...

March 14, 2017

Yes! It can be confusing and frustrating on the number of document required to apply for home loan.

Summary of required documents and why we need it,

  • 100 points identification check, e.g. Driver licence, passport (This is to ensure we lending to the right person and it is not someone else borrowing on your behalf )

  • Proof of rental income: Current...

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© 2017 by Credit Asset Management Ltd Trading as SAMLoans 大進信贷

ABN: 98 094 294 363

Australian Credit License: 381725

Established in 1999, previously known as Credit Mortgage and Strategic Alliance Mortgage (SAM)

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