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Case study: financing a very small property
There’s no question that the GFC changed lending. For Maria Vincent, policy changes associated with the GFC meant that the lender she already had a mortgage with wouldn’t allow her to release equity from her property to purchase another. Maria Vincent, having purchased a 36 square metre apartment seven years ago, was recently ready to…
Case study: financing a franchise failure..
Having purchased a branch of a well-known fast food franchise, Damien Smythson was looking forward to beginning his small business. However, only 24 hours after the purchase, he received news that the company was being liquidated by the same bank that had approved his loan. Because the lender that Damien received his business loan from…
Case study: family guarantees can help you buy your home..
Don’t let poor credit stand in the way of achieving your goals. A family guarantee and the right advice can see you well on your way. Matt and Natasha had found their perfect first home. However, there were a few hurdles: they didn’t have the money for a deposit, Matt had previously defaulted on his…
Case study story: don’t let the small stuff derail settlement
Jess and Louisa Davis* were the beneficiaries of a trust bestowed on them by their grandmother, which included 17 tenanted properties with a substantial amount of outstanding debt. When they encountered problems transferring that debt, and with the clock ticking, they were lucky to have found an appropriately experienced broker. Jess and Louisa, having inherited…
Case study: Story of buying my first investment property
When Jane* approached Finance Manger Tracey, she wasn’t sure whether she could buy her first investment property. With good advice and a private treaty, Jane managed it at a favourable price. Jane was referred to Tracey, a Finance Manager at FinanceCorp by a financial planner who looked after Jane’s father. “Jane was a very stable…
Case study: Story of avoiding settlement penalties
Jarrod Harrison was well on his way to becoming a first-home owner when issues cropped up prior to settlement that threatened to cost him his deposit. Having found the house he wanted to buy and exchanged contracts for sale, Jarrod found himself considering a costly settlement extension due to unexpected problems with his deposit. While…
Case study: Story of a home for three generations
After her divorce, Rebecca decided to buy a house she, her mother Denise and her son Oliver could live in. FinanceCorp was able to help, even though the family didn’t have a big deposit. Rebecca Miller was in her late 20s when divorce led her and her young son Oliver to move in with Rebecca’s…
Car finance for businesses
The preservation of working capital and taxation benefits are two big draw cards for businesses looking to finance staff vehicles. Companies the world over are often faced with the costly requirement for staff cars. However, with the number of financing options on the rise, many business owners are turning to funding these purchases rather than…
Can your profession save you on your home loan?
When it comes to saving on your mortgage, some of you may not have to look further than your job. If yours is a profession that classifies you as a ‘low risk’ borrower in the eyes of lenders, then you may be entitled to special discounts. The lucky ones Accountants, lawyers and teachers are…
Can you make extra home loan repayments?
Making extra repayments on your home loan can be a clever financial strategy. Investing your extra cash into your home can speed up your loan’s life cycle, with the added benefit of saving money in the long run. However, care must be taken to ensure that extra repayments are planned, and the right type of…