How much can I borrow

“How much can I borrow” is normally the first question you ask yourself when you are wanting to purchase a property or seeking a change to your current loan structure. The amount you can borrow is determined by a number of factors. Whilst you cannot be 100% certain of what each lender will require, there are key considerations most lenders...

Why would you need to find Finance

WHY DO YOU NEED TO FIND A FINANCE SOLUTION FOR YOUR BUSINESS? There are several reasons why you may need to seek finance for your business.   Here are some reasons and available options: Cash Flow Fluctuations It’s important to analyse your cash flow because it is arguably the number one reason why businesses seek finance.  Some of the options available...

Mortgage Broker v Bank

MORTGAGE BROKER v BANK A large percentage of people head straight to their own (or nearest) bank when deciding to apply for a home loan. Most finance experts warn, if this is your strategy, you may be missing out on some significant benefits.  Did you know that 54% of home loans are written by mortgage brokers? There are countless reasons...

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...

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...

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