Loans

When selling one property and purchasing another simultaneously, the funds from the sale may not be available in time to use for the purchase deposit.  There are typically two options in this scenario: a bridging loan and a deposit bond.   Bridging loan   A bridging loan is a...

Whether you are buying land as an investment, for an immediate build or for a ‘one day I will build and live here’ dream, a vacant-land purchase can be funded by a range of mortgages.   If you are planning to build immediately, or in the near...

Whenever it makes financial sense to do so.   Heard about mortgage refinancing? In the past, people who took out a mortgage doggedly continued with it until they had repaid it. Today people refinance much more frequently. The average duration of an Australian home loan now is...

Due to the risk involved in business finance, strict guidelines are imposed, so securing a loan approval can be challenging. Here are a few mistakes to avoid to increase your chances of approval.   Not knowing your credit score Many consumers may not realise the significance of a...

In an attempt to curb the high competition of the Australian housing market that locked out many would-be first home buyers, the Australian Prudential Regulation Authority (APRA) in late 2014 signalled its intention to keep a close eye on a suite of concerns, including the...

Whether you want lower repayments or tap into the equity sitting in your home, refinancing can offer some fantastic benefits. Here are some things to be aware of so that you don’t find yourself hooked into a bad deal.   Don’t be fooled by the interest rate Finding...

Rising house prices are making it increasingly difficult to enter the market. Parents who guarantee their children’s loans can help, but it is important to understand how this can impact the parents’ financial future. Being a guarantor generally means using the equity in your own property...