The Comprehensive Credit Reporting is a mandate implemented by the Australian government to organizations involved in credit reporting. The mandate requires these organizations to have access to the positive credit behavior of their clients. Both lenders and borrowers will benefit from this since both parties will have current financial records and histories, including the good ones, easily…
A compound interest calculator computes the interest that your savings or investment has earned using the compounding interest. In order to understand the compounding interest calculator, we first have to understand what is Compound interest? Compound Interest and How It’s Calculated You must have heard of the term compound interest all the time however confused on what…
Building a home is not an easy feat, especially if you do not have the funds that you need and a reliable contractor to do the job. It would be ideal to opt for the construction route for your dream home is you have a legit builder to work with. The work does not only…
An investment property loan is a type of home loan to buy a property for investment. This is a quick solution for those who want to buy an investment property but without sufficient resources for the purchase. The criteria for approval on investment property loans are complex. This is especially if lenders will require negative or positive…
Construction Loans Explained: How Do They Work? Are you looking for other avenues to acquire your dream home? Is your family getting bigger and you feel you are outgrowing your home? With home prices going down this year, you can actually find affordable home loans. Australian Bureau of Statistics recently reported that from June 2017 and…
If you have started scouting for a home mortgage, you must have come across the term Lenders Mortgage Insurance (LMI). Lenders Mortgage Insurance is an additional expense that you need to pay after a home loan approval, under the following conditions. What is the Lender’s Mortgage Insurance (LMI)? This is an insurance that protects your lender in…
Your bad credit auto loan application was rejected. This is mostly bad news. Applying for a second chance loan is not easy. It requires several documents that prove your “worth” as a borrower. The process of assessment and approval also takes longer compared to a regular car loan. However, after all your efforts, your application…
Bad credit car financing is open for people who would want to get a second chance car loan. Even with bad credit, it is still possible to finance a vehicle loan. Having bad credit does not mean that a person is financially incapable of purchasing a personal asset. Most of them had several missed payments or…
Compare home loan rates to get the best rates possible for your home loans. There is a huge number of lenders in Australia. Comparing rates is one of the most critical parts of home loan shopping because it will eventually affect the amount you pay in the long run. However, the lower interest rate doesn’t always…
Personal Loans: Comparing for the Right Choice At some point in your life, you may end up in a situation where you badly need a personal loan. You might need instant cash for unexpected situations like a medical emergency. Weddings, birthday parties or a downpayment for a car purchase may also require you to file…
Low Deposit Home Loans: Is This The Right Mortgage for You? It can take many years for an average working individual to save money to use as a deposit for a home loan. Considering other living expenses and debts, the likelihood of an individual to invest in real estate seems too far from possible. As…
Business loans come in many forms. There is a specified type of business loan that suits your business, your budget and your financial capacity as a small business or as a growing organization. Choosing the right type of business loan is essential. Such decisions help you avoid paying too much for a loan or too…
Are Car Loans Advantageous or Disadvantageous? Car loans like every lending product can have a positive impact on your life if managed properly. But, if mishandled, a car loan will end up to be an expensive mistake that may cause you financial and emotional stress. Thus, it is important to take the time to review the advantages and disadvantages of getting a regular car loan or bad credit car loans. Why is Getting Car Loans Advantageous? The main benefit of car loans is that it offers you immediate access to a vehicle or a better vehicle that you simply wouldn’t be otherwise ready to afford. This is extremely valuable if you need a car for work or family commitments. Another benefit is that it permits you to build your credit profile assuming you make all the repayments on time. Applying for car loans makes it…
Do you have a bad credit and wondering if it is possible for you to take out a loan? It is possible to get loans for people with bad credit. On the other hand, you will have to do more research on lending institutions willing to work with you. You are would want to find a…
If you have bad credit on file, your chances to take out a loan is too low. But know that even if you have a low chance of getting a loan from banks, you can still get car financing depending on your financial situation. Many car dealerships are willing to extend car financing to people…
Among the biggest decisions in your lifetime is investing in real estate property. With real estate, you know your money is secured because it is linked to a tangible asset that grows in value through the years. However, wrong investment choices or bad timing in investing in a property can lead to unlikely results. Every…
How to Apply for a Bad Credit Equipment Finance Are you looking for equipment financing to help grow your business but worried because you have bad credit? If you have bad credit, the process of getting an equipment loan gets a little bit more difficult. Thankfully, many loan companies provide bad credit equipment finance in Australia. This…
Buying a Property with Your Superannuation: Pros and Cons Superannuation in Australia is money set aside by the employer throughout the working life of an employee meant for retirement. The money can only be withdrawn in very specific circumstances such as during retirement at 65 years of age. May Australians have become used to the idea…
Commercial property finance can be defined as a loan type used for acquisition or development of commercial property. This includes a factory, a warehouse, an industrial land, an office block, a shop or a store. A commercial property loan can be used to buy a newly developed commercial property or an existing commercial property. The loan…
Is it possible to get guaranteed approval when applying for bad credit car loans? Non-conventional lenders, just like traditional banks and lenders will investigate your credit history and finances in a bad credit auto loan application. However, unlike regular banks, they tend to understand your situation more and could give you a second chance for…
Low Doc Construction Home Loans Step by Step Guide for Application Low doc construction finance loans are available for entrepreneurs, business owners or contractors and consultants looking into securing their own home through a mortgage. Unlike regular mortgages, low doc construction home loans require less documentation since contractor and consultants and business owners may not have…
5 Things to Consider when Choosing the Right Home Insurance Home insurance is one of the important backup plans you should have for your property, especially for your home. There are many unpredictable risks and uncontrollable events that may compromise your home’s safety. Home insurance can protect the value of your home, as well as…
When you make the decision to become an owner builder, one of the first questions you need to ask yourself is how much will it cost? Pretty quickly after then, unless you are lucky enough to have a significant amount of cash, you’ll be thinking about how to go about getting an owner builder construction…
What is Supply Chain Finance? Supply chain finance is a type of monetary activity that provides solutions to optimize cash flow. This allows the seller to sell its invoices to a bank with the knowledge and approval of the buyer. This whole process makes it possible for the buyer to pay at a later time…
Questions to Ask Before Getting an Expat Foreign Home Loans Expat and foreign home loans are created for Australian citizen and permanent residents, who are currently living overseas, to secure and purchase a property in Australia, even while working outside the country. Refinancing an existing loan is also possible through an expat lending. Although most…
Are you planning to take the next leap forward to becoming a homeowner however you are taken aback because of bad credit? Having a bad credit can indeed hurt your capability to apply for various loans. However, these days, there are sprouting specialist lenders who can offer loans to home buyers with bad credit. These lenders…
Owner-Builder Loans Basics: What You Need to Know As an owner builder trying to get a loan, there are many questions that you want answers. You may consult a financial advisor or a mortgage broker specializing in construction loans. And if you have started your research, you may have figured that getting an owner-builder loan…
Many homeowners today either acquired their home through a home mortgage or hired a contractor to build their ideal homes. However, for some homeowners, they have taken the owner-builder route. The owner-builder are those who build their own homes or doing the actual work or supervising the work. For most who have taken this route…
Determining Your Buying Power: Can You Afford A Car Loan? Are you ready to buy a car? Can you afford the latest Toyota model released 2 years ago? Determine your buying power to find out if you can afford a car loan. Your borrowing power will dictate the amount a loaning company can lend you…
Bad credit home loans are one of the best solutions to be able to acquire your dream home even with bad credit. For the average Australian, a good credit score, financial stability, and a good credit history play a big role in securing a home loan. Although there is no specific credit score required to,…
Defining a Good Owner Builder There are several homeowners who have built their own homes and have become their own contractor of the project. They had the benefit of earning more equity, cutting down costs, and building a home they want. Building a home is not as complicated as you think. In fact, one out…
Bad Credit Home Loans in Australia There is nothing worse for an individual who seeks to buy a home than to discover their credit rating has been labeled ‘poor’ or ‘bad’. Trying to get a loan can be very difficult if past credit issues exist; difficult, but not always impossible. A poor credit score can…
Expatriate and Foreign National Purchasers; Buy Before you Leave or While Living and Working Away from Oz Tax Regulations have seen some changes, but the topic discussed in this video is relevant still; the Why’s and How’s of purchasing property as an Expat. Let us give you peace of mind while you’re overseas by knowing…
Expatriate and Foreign National Purchasers; Understanding Why Intellichoice Digs Deeper into providing Mortgages for You Expatriates and Foreign Nationals purchasing investment property in Australia need to be very thorough when considering a purchase and the mortgage needed to complete. Many areas need addressing to avoid being caught out with an undervalued property which can lead…
Is It Better to Get Loan From the Bank or from the Broker? Owner Builders have the dilemma to whether choose loans coming from banks, or to those coming from brokers. Firstly, owner builders are individuals who take responsibility for domestic building work done on their own land. These people primarily takes charge in managing…
Financing Your Business: Understanding Available Options Sales are going up and so is Cashflow, but traditional lenders want to see two years’ historical figures and tax returns to advance facilities. What’s the solution? Find video’s on our website covering Debtor Finance, Leasing Finance, Short Term Finance, Franchisee Finance, Development Finance and Leasing & Asset Finance…