Author: MAXISLoans
-
Home Loans – A Guide for Engineers in Australia
As an engineer in Australia, your skills are in high demand. Now, you might be considering taking the next step towards financial security – buying a home. But with ambitious career goals like postgraduate studies or professional certifications on the horizon, you might be wondering: can I swing both a mortgage and self-improvement? The good…
-
Understanding Fringe Benefits and Engineer Salaries
You’re an engineer ready to turn the dream of home ownership into a reality. But with a profession known for its enticing fringe benefits packages, a question pops up: how do these perks affect your borrowing power for a home loan? Fringe Benefits and the Take-Home Equation Salary packaging, car allowances, and relocation bonuses –…
-
Navigating the Mortgage Maze as an Engineer in Australia
You’ve cracked the engineering code and are now ready to crack the property market. But between tenure track positions, contracts, and lucrative freelance gigs, engineer income structures can be anything but uniform. This might leave you wondering: are there lenders who understand the unique financial landscape of engineers? The good news is, absolutely! Many lenders…
-
Deposit hurdles for Engineers on the Property Ladder
Australia’s booming property market is fantastic news for many, but for engineers striving for homeownership, the high cost of entry can be a daunting hurdle. Saving a 20% deposit on a property, the standard minimum requirement, can feel like an uphill battle, especially when coupled with the costs of maintaining your professional qualifications. Registration fees,…
-
Income Verification for Engineer Home Loans
You’ve secured that freelance contract or dream engineering role. Now, it’s time to turn your sights to your next big project: homeownership. But for engineers with variable incomes, common concerns arise around income verification for securing a home loan. Unlike traditional payslips, freelance or contract work can leave a trail of fluctuating income on tax…
-
Understanding Home Loans for Electricians
Congratulations! You’ve saved diligently and are ready to flip the switch on your dream home. But between navigating the electrical code and deciphering mortgage jargon, things can get a little overwhelming. This guide is designed to illuminate the path for electricians like you who are ready to become homeowners. Understanding Loan Options: Fixed vs. Variable…
-
Deposit FAQs for Electricians in Australia
Sparking a successful career as an electrician brings its rewards, but saving for a hefty home loan down payment can feel like a current overload. While electricians invest in tools and equipment to keep their businesses buzzing, it can be tough to reach that magic down payment number. This article tackles common questions electricians with…
-
Electricians and DTI for Home Loans in Australia
Owning your own electrical business is a powerful achievement. You’re your own boss, calling the shots and building a successful career. But when it comes to buying a home, electricians with business loans or equipment financing might face a hurdle: Debt-to-Income Ratio (DTI). What is DTI and Why Does it Matter? DTI compares your total…
-
Home Loans for Electricians in a Fluctuating Industry
The thrill of a new project, the satisfaction of a job well done – being an electrician offers a rewarding career path. But when it comes to buying a home, the cyclical nature of the construction industry can raise concerns. Questions like “Will a future slowdown impact my ability to repay the loan?” are perfectly…
-
Income Verification for Electricians
Electricians, especially those who are self-employed, often face fluctuating incomes. This can be a hurdle when applying for a home loan in Australia, as lenders typically prefer stable income for mortgage approval. But fear not! Here’s a breakdown of how you can navigate income verification and turn your dream of homeownership into a reality. Can…