Like most things at the moment the Banking Royal Commission seems like it has been hanging around for ages with no one willing to take the lead. The will they, won't they question was finally answered early this week when the government announced they will conduct a Royal Commission into the banking sector. You may have read about it and seen the headlines and I'm sure you're asking, so what does all this mean and how will it affect me?  Let me try and break it down. ...

The main difference between a Chattel Mortgage and a Consumer Loan is that a Chattel Mortgage is a business use loan product which means the vehicle must be used predominantly for business use, which is 50% or more business usage. The outcome of each of the loan products is the same in the sense that the financier lends you the funds and takes a financial interest or mortgage over the vehicle, which means that you own the vehicle from purchase date. If you qualify for a Chattel Mor...

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 ...

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...

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...