Monthly Archives: January 2016

How your Credit Card can affect your Home Loan Application Your Content Goes Here Your credit card will affect your loan application. Unfortunately, most borrowers assume it will not affect their borrowing capacity because they pay off their credit card debt every month. This article will explain how your credit card will lower your borrowing power, as well as what you can do about it. Common misconceptions of borrowers: “It’s okay to have many credit cards. It means I’m a low-risk borrower.” “Paying my card balance monthly will help improve my borrowing power.” “I don’t use my credit [...]

DOES MY PROPERTY QUALITY FOR TAX DEPRECIATION 2016 Your Content Goes Here Can I Deduct Depreciation on my Investment Property? Tax depreciation helps property investors save significantly on taxes. However, not all property investors take full advantage of the tax savings available to them. To help you make a wise decision, here are some important points about tax depreciation. Types of Tax Depreciation Capital works deduction and ‘plant and equipment’ depreciation are the two types of tax depreciations that are offered to property investors. Capital works deduction includes building structural improvements, like embankments, retaining walls, [...]

HOW TO GET A HOME LOAN WITHOUT MAKING A DEPOSIT Your Content Goes Here The prevailing idea is that to get a home loan, you got to be ready to pay a hefty deposit. In truth, you can actually borrow 95% of the property’s purchase price – and in certain situations, even up to 100%. This is done using Freedom Lend’s family pledge. But before you can borrow 95% of the property’s value, be sure to have these requirements ready: A credit history that’s in the clear Proof of stable employment over the past several years Proof of [...]