What is the difference between consumer and commercial loan
Posted by Mark Attard
on 12 September 2017
It is very important to understand the difference between commercial and consumer finance in Australia before you sign any contracts. Below are some of the key points of difference between the two you must be aware of and understand.
Protection
The difference in protection for borrowers of consumer and commercial loans is significant. The law provides the highest level of protection to consumers borrowing for household purposes such as personal loans, car loans, home loans, credit ...
Posted in:Propertyreal estateCommercial propertyHome loansReducing Debt |
Noel & Leanne's story
Posted by Chris Collard
on 31 August 2017
Our concerns and fears were cleared in one phone call.
We had recently sold our home and were looking to move closer to the family as we have a new grandchild.
Our present bank stated that due to our income, age and Noel's change in work situation we could not borrow to buy our new home. This did not make sense to us as our new home purchase would be less than what our present loan was. We had some concerns as we had gone unconditional on the new purchase contract a...
Posted in:Financial planningPropertyHome loansBuying a houseReducing Debt |
Director's report - Is it too late to buy an investment property?
Posted by Mark Attard
on 1 August 2017
5 questions you need to ask that will give you the answer.
The general consensus is that the property markets especially in Melbourne and Sydney have peaked or are close to peaking and that property price increases in general will be lower than what we have seen over the recent past.
Does this mean you put the cue in the rack and wait for prices to slow down or maybe even drop?
History would suggest that when prices slow down or drop, within the next couple of years well locate...
Posted in:Property InvestmentInvestmentPropertyreal estateSmart Money ManagementBuilding Wealth |
Nick and Sharnie's story
Posted by Mark Attard
on 27 July 2017
A bad credit rating and renting, we thought it was never going to be possible to secure our own home.
We had always dreamed of owning our own home but I had a bad credit rating when I was younger.
After renting for so long, the time came yet again when our rent was put up, the house was not worth what they were asking us to pay. The hassle of moving from house to house and the ongoing maintenance that took forever to done, we decided renting was no longer for us. It was time ...
Posted in:Credit cardFinancial planningPropertyreal estateHome loansBuilding Wealth |
To buy or rent, that is the question
Posted by Chris Collard
on 25 July 2017
If you're a first home buyer, here's how to tell if your numbers stack up.
There's no doubt, this is one of the most frequently asked questions at FinancePath HQ.
So, if you're trying to decide whether to keep renting and wait for house prices to cool or buy now. Read on.
With the metro Melbourne median house price reaching $822,000 (*reiv), many people are finding it impossible to save the traditional 20 per cent deposit required to purchase their first home.
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Posted in:PropertyTo buy or rentFirst Home Buyers |