FAQ Paying off the Mortgage
FAQs: Paying Off Your Mortgage Sooner 1. Why should I pay off my mortgage early? Paying off your mortgage early can save you thousands of dollars in interest and provide financial freedom. It also gives you peace of mind knowing that you own your property debt-free. 2. How can I make extra repayments? You can […]
Fixing bad credit
Fixing Bad Credit: A Guide for Australians A bad credit rating can make it challenging to secure loans, credit cards, or even rental properties. However, Australians facing poor credit scores can take proactive steps to improve their financial standing and regain access to better borrowing opportunities. What Is a Credit Rating? A credit rating, or […]
Basics of Invoice Finance
Invoice Finance: Frequently Asked Questions (FAQ) 1. What is Invoice Finance? Invoice finance helps businesses get cash quickly by using unpaid invoices. Instead of waiting weeks or months for customers to pay, businesses can receive most of the invoice amount upfront from a finance provider. When the customer pays, the remaining balance is given to […]
Things that can hurt your mortgage changes
What Can Impact Your Borrowing Ability Buying a home is one of the most significant financial decisions you’ll make in your lifetime. Before you start house hunting, it’s essential to understand what factors can impact your ability to secure a mortgage with the best possible terms. As a mortgage broker, I’ve seen firsthand how various […]
Basics; Loan Application
What Information Do We Need for Your Loan Application? Applying for a loan, whether for a home, investment, business, or personal use, requires careful preparation. As finance brokers in Australia, we help clients navigate this process by ensuring they provide the necessary information for a successful application. Below, we outline the key details you need […]
Novated Leases
Novated Leases in Australia: A Guide by a Finance Broker Purchasing a car is an exciting milestone, but for many Australians, financing a vehicle through a novated lease offers significant financial and tax benefits. As a finance broker, I help clients understand the complexities of novated leasing to ensure they make informed decisions. Here, we […]
Why the ATO is not a great lender
How Businesses Can Finance Their Tax Debts: A Guide for Business Owners Every business, at some point, may face challenges in meeting its tax obligations. Whether due to fluctuating cash flow, unexpected expenses, or economic downturns, falling behind on tax payments can lead to serious consequences, including penalties, interest charges, and even legal action. Fortunately, […]
FAQ Lenders Mortgage Insurance
Frequently Asked Questions (FAQ) about Lenders Mortgage Insurance (LMI) 1. What is Lenders Mortgage Insurance (LMI)? Lenders Mortgage Insurance (LMI) is a one-off insurance premium that protects the lender—not the borrower—in case the borrower defaults on their home loan repayments. It is typically required when a homebuyer has a deposit of less than 20% of […]
Cashflow lending in business
Cash Flow Lending Options for Businesses: A Guide by a Finance Broker Managing cash flow effectively is crucial for any business, ensuring smooth operations and sustained growth. However, even the most successful businesses can face temporary cash shortages. This is where cash flow lending comes into play, providing businesses with quick access to working capital […]
Basics of Low Doc Loans
Basics of Low Doc Loans Low documentation (low doc) loans are designed for borrowers who cannot provide the full financial documents required for standard home loans. These loans are particularly useful for self-employed individuals, freelancers, and small business owners who may not have up-to-date tax returns but can demonstrate their income through alternative means. What […]