Asset finance involves paying a regular amount for use of an asset over time, as opposed to purchasing an asset outright. It helps businesses avoid a large capex cost and assists in maintaining a steady cash flow for the life of the asset.
Some lenders offer asset upgrade options at the end of a loan period, allowing the business to maintain up-to-date equipment without huge cash flow fluctuations. There are also tax benefits associated with certain loan structures, though these should be discussed with a qualified accountant prior to committing to a loan contract.
For most people, saving for a deposit is the hardest part of obtaining a home loan. Dealing with expenses such as rent and electricity whilst trying to save is difficult, but with focus and dedication it can be done. In this article, we look at 10 practical savings tips that you can use every day to help your deposit grow.
Saving for a home loan is a daunting task. The end goal is so large that it sometimes seems unachievable, but strict cash flow management and a good understanding of your finances play a large part in accomplishing your goal.
In this article we cover some basic steps to get you on your way to saving for a home loan deposit.
The home loan market is continually changing with hundreds of new products and deals released to market every year. Home owners can potentially save thousands of dollars a year by conducting an annual review of their existing mortgage set up.
A first home loan can be a daunting experience. With hundreds of home loan products available across multiple lenders it is overwhelming to decide which loan best suits your needs. As mortgage experts, we have experience guiding our clients through the process of obtaining a mortgage and navigating the options to find a loan suitable for their situation.
The more organised you are, the easier the loan application process. In this article, we have prepared a quick guide to help you prepare the basics for your first home loan.
When on the search for mortgage, most Australians head straight to their local bank. However, when a mortgage is probably the biggest expense you will ever have, it pays to get professional advice before you sign the papers.
So how exactly does a broker obtain these rates? And how will your mortgage broker work for you?