5 STEPS TO A SUCCESSFUL A BUSINESS LOAN APPLICATION

5 STEPS TO GETTING A BUSINESS LOAN Since the Global Financial Crisis of 2007, borrowing for small to medium businesses has become increasingly more difficult.  However, the key is to know how it is done to maximize the chances of success and to get the best terms. The following is a 5-step process you can take to maximize a successful...

HEM v CILE

DIFFERENCE BETWEEN HEM AND CILE Perhaps as a first home buyer or new investor you have been wondering why your finance broker goes into such detail about your living expenses.  Without boring you with all the requirements under the National Consumer Protection Act which governs the conduct of brokers, it is a requirement that we provide you with credit assistance...

Interest Rate Update

Interest Rate Changes There have been some significant changes in the Mortgage Market over the last couple of months. Some bullet points are as follows: For Owner Occupiers Fixed Rates are now cheaper than variable 2-year fixed rates are presently the lowest What we have found to be most beneficial to borrowers is split their loans between fixed and variable,...

Commercial Finance

Let’s face it anything to do with finance can be quite boring until you realise you need it.  Generally, commercial borrowers are less satisfied with their lenders than home loan customers, but there is always a varying degree of trepidation when considering a change of your commercial lender.   With home loans, you either qualify or you don’t.  Fail on one...

First Home Buyers – Queensland Government Grant

First Home Buyer? – The Queensland First Home Owners Grant expires 30 June 2017 For those of you who are considering buying their first new home in Queensland.  Remember the $20,000 Grant from the Queensland Government expires on the 30th June, 2017.  To be eligble for the grant: You just be an Australian citizen or permanent resident (or applying with...

Reviewing your Finances?

Many people refinance their homes or investment properties to reduce their monthly home loan repayments. What other aspects of your finances can you review to help save money? 1. Review the frequency of your home loan repayments If you are paid weekly or fortnightly, see if you can change the frequency of your home loan repayments to fit in (this...

Typical Home Loan feature list

Interest only repayments You only pay the interest on the loan, not the principal, usually for the first one to five years although some lenders offer longer terms. Many lenders give borrowers the option of a further interest-only period. Because you’re not paying off the principal, your monthly repayments are lower. These loans are especially popular with investors who pay...

5 Reasons you may want to re-finance your home loan

1. To pay less on your mortgage repayments Refinancing can often reduce the amount of your mortgage repayments – and this is probably the number one reason why people consider refinancing. Everyone would like to save money on their home loan repayments – since they usually account for around 30% of our income every month. If you’ve had your home...

How would you like to pay off your mortgage quicker?

When was the last time you looked closely at your loan, the progress you are making on paying it off and how it compares to others in the market? Analysing your mortgage could mean savings for you, as well as the opportunity to pay it off more quickly, invest in other assets or reach financial freedom sooner. If you pay...

Keep up to date with our latest news

Receive the latest information from JRMBF straight into your inbox - its free to join!

  • This field is for validation purposes and should be left unchanged.