Posted in Reducing Debt

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...

It is one of the most common questions we get asked. Should I fix the interest rate on my loan? Below are the things you need to consider and talk through with us before making the right decision for you. Principle and Interest Home loans Most lenders offer better rates for Principle and Interest (P&I) repayments. They also offer better rates where your total loan limit is 80% or below the value of your home. Given the increase in property prices in Melbourne and Sydney...

Here's what you ought to know about Melbourne's latest property hotspots. House-price growth is set to creep further north and west alongside infrastructure spending, with what were once hard-knock suburbs named as Melbourne's next property hotspots. This article looks at the proudly blue collar suburbs of Heidelberg Heights, Sunshine West and Fawkner, which were named the top-three investment areas for affordable houses in PRD Nationwide's Property Affordability 20...

Here's how to start thinking like a millionaire and you don't need the exorbitant bank balance to do it! Want to be one of the 234,000 odd people in Australia with a "high net worth" i.e. a millionaire? According to global consultancy Capgemini's 20th annual World Wealth Report, there were 8000 more high net worth individuals in Australia in 2015, than in 2014. Largely thanks to low interest rates and more people investing in property. Interestingly, the report also s...