Residential

There are many paths to successfully financing a property purchase. Recently, an MFAA-accredited finance manager helped a young couple, who had nearly given up hope, realise their dream. If at first you don’t succeed, ask more questions. That’s the motto of FinanceCorp finance managers , who doesn’t let a history of refusals stand in the…

Whenever it makes financial sense to do so. Heard about mortgage refinancing? In the past, most people who took out a mortgage doggedly continued with it until they had paid it off. These days, people refinance their mortgage much more frequently. The average duration of a home loan in Australia now is just 4-5 years.…

Circumstances can change, leaving your home loan less suitable than it was originally. A home loan health check can reveal if you’re paying too much. What’s involved? Your finance manager can do a full home loan health check for you either in person or over the phone. They will check if your loan is still…

Sometimes, getting a deal over the line in time requires a conversation with an industry expert. Late last year, Martin Jones was seeking finance to purchase a share in an investment property with two other investors, and simultaneously trying to secure finance for an investment property he was purchasing on behalf of his wife Sandra.…

Saving for a home? If you haven’t met with a finance manager yet, you’re doing it wrong. Here’s why. When saving a deposit to buy a home, many people have a goal amount in mind that they need to save before they meet with a finance manager who will help them secure the finance. If…

Comparing apples with oranges doesn’t make sense. To make finding the right loan easier, and to make advertised rates as transparent as possible, we have comparison rates. You’re looking for the best mortgage deal and you see an ad. It shouts ‘3.8% INTEREST!’ and, underneath that seemingly too-good-to-be-true rate, ‘7.9% comparison rate’. What does this…

If you buy and sell an investment property, you may be required to pay capital gains tax (CGT) on that sale. It’s important to understanding this tax when buying or selling a home. What is CGT? This is a tax that you are required to pay on any capital gain earned on the sale of…

Having a mortgage expert on your side can be the key to getting your finance over the line and may save you thousands in interest and fees.  When Nathan was offered the opportunity to purchase his mother’s property in Perth at a favourable price – just $180,000 for a house worth $350,000 – he wanted…

Refinancing can be a great way to save money if you believe you are paying too much for your loan, but there is more to it than just finding a loan with a lower interest rate and making the change. Before making the switch, ensure the savings you could make outweigh the fees involved. Here…

End of financial year is a great time to take advantage of business equipment deals, particularly with the threshold for accelerated deductions for small business being raised from $1000 to $20,000. Planning ahead and thinking carefully about your business needs are key to minimising both tax liability and cash flow impact. As business owners rush…