If you’re self-employed, navigating the complexities of securing finance requires strategic planning and a comprehensive grasp of what lenders seek in potential borrowers. Let’s break down the process to help you started on your home-buying journey. What Lenders Seek in Self-Employed Borrowers 1. Stability and Consistency: Lenders prioritise stability and...
Impact of Rising Interest Rates on Aussie Businesses
In a recent move, the Reserve Bank of Australia (RBA) has opted to increase interest rates once more, pushing the cash rate to 4.35% as of November 2023, impacting Aussie businesses. This decision has set off ripples across the financial landscape, with conversations predominantly revolving around its impact on homeowners....
Insider Tips: How Do Lenders Assess Your Business Loan Application?
Securing a business loan can often feel like deciphering a cryptic puzzle. While there are criteria to meet, each lender weighs elements differently. Additionally, different lenders may require information or documents that others don't. Decoding their assessment process is key to supplying the relevant information to ensure a successful application....
Cracking the Credit Score Code for Your Dream Home
Planning to buy your first home is an exciting milestone, but it’s common to encounter some obstacles along the way. One significant factor that can impact your ability to secure a home loan is your credit score. If you find yourself in a situation where your credit rating isn’t ideal,...
Unlocking SMSFs for Investment Property Success
In today's world, financial independence and control are highly valued. Enter self-managed super funds (SMSFs), a game-changing tool that empowers individuals to shape their financial future and take charge of their retirement savings. One exciting way SMSFs are changing the landscape is by offering the opportunity to purchase investment properties. With SMSF...
Funding Your Success: Secured vs. Unsecured Business Loans
Financial resources play a critical role in business success, especially during challenging economic times. Whether you're a startup or an established company, securing the right funding is essential for growth and seizing opportunities. However, choosing the right loan structure can be a daunting task. Whether you need capital to expand...
Set Your Business Up for Success Before EOFY
With the end of the financial year (EOFY) fast approaching, now is the perfect time for businesses to start arranging their equipment and vehicle financing. Regardless of your business’s size or industry, EOFY presents the ideal opportunity to prepare for capital expenses and establish equipment limits. This can help you...
Understanding the Costs of Buying Your First Home
Ready to dive into the exciting world of home buying? We've got you covered with our comprehensive guide to understanding the costs of buying your home. From upfront expenses to ongoing costs, and even those sneaky fees that are often overlooked, we'll help you navigate the process of buying your...
Should I consider refinancing my home loan?
Interest rates in Australia are continuing to rise, leaving many homeowners struggling to keep up with monthly mortgage repayments. So much so that some may consider refinancing to help alleviate rising costs. While there can be sizeable benefits, it is not a one-size-fits-all solution. Let's dive into the pros and...
Unlock your business’ potential: Top tips for securing finance.
There often comes a time when securing finance for your business is a necessary step towards goals and growth. Here are our top tips for getting the best deal for you and the best outcome for your business. 1. Determine your business’ financial needs. Unsurprisingly, the first step involves determining...