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Posted in Mortgages and Finance
Special Finance Rate Offer
Posted by G. Dean McKinnon
on 18 February 2014
We've received notice from one of our Financiers confirming some special finance rate offers for vehicles and equipment (new and used).
Term
Interest Rate
3 Years
5.05%
4 Years
5.29%
5 Years
5.52%
The offer is only for the next two weeks, and some conditions apply, so if you're in the market for a new car, or...
| Posted in:Mortgages and Finance | 0 Comments |
Special Finance Rates
Posted by G. Dean McKinnon
on 28 January 2014
One of our lenders has posted a series of Special Finance Rates:
- 5.20% for 3 year term
- 5.45% for 4 year term
- 5.65% for 5 year term
There Special Rates are for a limited time only, and conditions apply, so if you're thinking about buying a vehicle or equirpment (new or used) Contact Us for further details.
| Posted in:Mortgages and Finance | 0 Comments |
Family Help to Buy a Home
Posted by G. Dean McKinnon
on 27 November 2013
With such high rents and property prices, it may difficult to purchase a property, but in some cases your family may be able to help, without having to actually give you any money.
Mortgage Insurance
Most mortgage lenders will offer mortgage-insured products, but usually a minimum deposit of 5% of the property purchase price is required.
An median-price house may cost between $400-$500,000, which means you would need to have saved at least $20-$25,000, plus the mortgage insuran...
| Posted in:Mortgages and Finance | 0 Comments |
Use GST to Reduce Finance Repayments
Posted by G. Dean McKinnon
on 25 November 2013
It may be possible for your to reduce your Finance Repayments by using the GST you've paid on the vehicle or equipment purchase.
Consider this scenario:
You purchase a new vehicle for $50,000 + GST ($5,000)
You Finance the entire $55,0000 (purchase price, including GST)
You estimate you will receive $5,000 GST refund in the next BAS (the GST you just paid on the vehicle)
You structure the Finance to include a $5,000 payment after the BAS refund is due
...
| Posted in:TaxMortgages and Finance | 0 Comments |
What is a Lo-Doc Mortgage Loan?
Posted by G. Dean McKinnon
on 20 November 2013
It's a finance-industry term referring to the income evidence required by a lender (mortgage or finance) to prove your ability to repay the loan.
Do You Need to be Earning Income?
Yes. Th common misconception about Lo-Doc loans is that you don't need to be earning income. You need to be earning income, but you may not necessarily have to prove your income.
A standard loan application will ask you to provide proof of your income (e.g. Tax Returns, Company Profit and Loss...
| Posted in:Mortgages and Finance | 0 Comments |
