Home loans 101
There are a range of home loans available in Australia, so it can be hard to understand their features and whether they are right for you. This guide explains all you need to know. Variable loans Variable loans are loans that are subject to interest rate fluctuations. Whenever your bank increases or decreases interest rates, you will end up either paying more or less for your loan, depending on what the bank has decided to do. A typical owner-occupied mortgage is taken out ov
COMMERCIAL AND ASSET FINANCE 101
There are several types of commercial and asset finance, so make sure you know the differences. Then you can decide which one will suit you. What is commercial finance? Commercial finance is an umbrella term for different kinds of business loans. They’re designed to help manage your capital and cash flow. Types of commercial finance Business overdraft: Your financial institution allows you to overdraw your existing business account up to an approved limit. You can only access
CONFUSED ABOUT HOME LOAN PRE-APPROVALS? FOLLOW THESE FOUR STEPS.
Ready to buy a property? You’ll need to show the seller you have enough money. For most people, this will mean getting a loan, and the first step to getting one is obtaining pre-approval for it. Pre-approval – also known as conditional approval or approval in principle – is an indication from a lender as to how much you can borrow. If you have pre-approval, vendors and agents know you’re serious about buying. Here are the steps you need to follow. 1.Gather your financial in
