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How a Cash Flow Loan Can Support Your Business

For both small and large businesses, there can be times where unexpected expenses arise. Cash flow loans allow for businesses to cover any shortfall that may arise, such as assisting you to take care of wages, investing in new equipment, or investing in a new business venture that won’t put your budget under strain. These loans have a range of benefits and keeping on top of your finances can be the difference between a successful business and a struggling business. How does a cash flow loan work? Ideal for small and start-up businesses, cash flow loans provide immediate financial support … Read more

Everything you Need to Know About Lenders Mortgage Insurance

Buying a house is a big investment. Saving for a deposit can take many years. Lenders mortgage insurance (LMI) is an option for those who want to get into the market sooner but don’t have the full 20 per cent deposit saved. LMI protects the lender in the event you default on your mortgage repayments. Many aspects make up LMI, as well as key considerations to keep in mind when choosing whether to pay LMI or save for a larger deposit to avoid paying it. What is lenders mortgage insurance? Lenders mortgage insurance is a one-off, non-refundable, non-transferrable premium that’s … Read more

Sell or Lease? What to Do When Buying Your Next Home

Breaking into the property market and buying your first home is a milestone in everyone’s life. But what happens to your old place when it comes time for you to buy your next house? Do you sell or rent out your old place? Are you financially able to hold onto the property? Weighing up these questions in conjunction with your financial goals will allow you to make the best decision. To sell or not to sell Letting go of your first home can be tough. But when it comes down to choosing whether to sell or lease, sometimes it may … Read more

5 Tips to Become Debt Free

Debt is a normal part of life. Whether it’s a mortgage, credit card, or even HECS debt, it often plays a part in achieving financial goals. Becoming debt-free is the dream for many Australians so they can look to their next investment opportunity or enjoy a more comfortable lifestyle. Although it may feel unachievable some days, here’s how you can become debt-free. Dealing with debt Whether it’s happened through a large purchase, or slowly crept up on you through smaller loans, debt is unavoidable for many of us. When you pay off your debt, there are multiple benefits, including: The … Read more

Will Your HECS Debt Affect Your Ability to Get a Home Loan?

In Australia, we’re fortunate enough to have options when it comes to paying for tertiary education. Unlike in other countries, upfront fees are not always required. You can opt to take on a HECS (Higher Education Contribution Scheme) debt whereby you pay off your fees gradually. This debt varies depending on the course and university you attended, as well as how much you earn. Many of us may wonder whether our HECS debt hinders our ability to get a home loan. HECS debts and home loans It’s a dream for many Australians to purchase their own homes. With the market … Read more

Home Equity Loan: Everything You Need To Know

A home equity loan is a great way for homeowners to access extra funds. This type of loan can be used for a range of projects including non-structural renovations, a new car, an investment property and more. How much equity is in your home, and how much you have owing on your mortgage, will determine the amount you can borrow. These loans are perfect for those who are looking to make a larger purchase or investment. Here’s everything you need to know about home equity loans. What is a home equity loan? Home equity loans are a type of loan … Read more

Tips for Short-Term Business Loans

Whether your business is looking to alleviate some cash flow issues, implement a new idea, or stock up for the holiday season, a short-term business loan may be just the thing you need. Established businesses can access business loans – depending on the lender, sometimes up to $500,000 – which the business can pay off over a short-term period. This period is generally between 6 and 24 months. What are short-term business loans? A business loan can be used to help your business grow and evolve. Short-term business loans are a great way for businesses to access extra funds when … Read more

Two men looking at construction equipment

Equipment Financing: Everything You Need to Know

Equipment financing is a way that businesses can get new equipment without having to pay a large amount upfront. It works like a rental agreement where businesses choose the length of the loan and make a monthly repayment. These types of loans are often flexible and offer competitive interest rates which can provide a lifeline to small businesses who can’t afford to purchase expensive equipment outright. Things like vehicles, machinery, tools, and office furniture are all items that can be purchased through this financing method. If you’re considering equipment financing for your business, but want a bit more information, read … Read more

How to Start Investing in Stocks in Australia

When it comes to investing, unfortunately, there’s no ‘one-size-fits-all’ approach. How you start investing also depends on your financial goals for the short and long term. Before you jump headfirst into choosing a company or sector to invest in, you need to do some research and weigh up the risks and benefits involved. If you’re new to investing, it’s important to reach out to a financial advisor before you start so you can discuss which strategy is right for you. Let’s look at how you can start investing in stocks in Australia. Where should I start? There are a few … Read more

A retired couple

How Much Super Do I Need to Retire?

Retirement might feel like a world away for a lot of us, but many people don’t know how much super you need to retire. Failure to properly prepare for retirement can come as a bit of a nasty surprise when the time does arrive, but there are some things you can implement now to ensure you’re on the right track. Whether you’re planning on doing some travelling, taking up a new hobby or simply enjoying spending time at home, you’ll need to have enough money to live comfortably and fund this dream. Here’s everything you need to know about retirement … Read more

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