Find out about property finance matters.
When applying for a loan, you’ll hear terms such as “borrowing power”, “borrowing capacity”, and “assessment rate”. But how do they relate? What do they mean? We’ll break it down for you in a simple equation.
During your research into your financial situation, you may have clicked on our calculator section – and been overwhelmed with the number of different types available! What do they all mean and what are they used for?!
If you’re a university graduate, chances are you’ve racked up HECS/HELP or student loan debt. If you’re at the stage in life where you’re looking to invest in a home, and you’re worried your debt will hold you back – don’t be disheartened, there’s still hope!
Buying (or building) an investment property is a big step, so it’s important to look at your circumstances to ensure it’s something you’re able to afford. Your first port of call should be your local finance broker (hey, that’s us!).
Being your own boss definitely comes with its perks – but those that are self-employed often find it hard to obtain a home loan (even with a steady income). Whether you’re looking to purchase a home or some equipment for your business, you may face challenges in the application process.