How much will the bank lend you?
Calculating your Loan to Value Ratio (LVR) Over the last few years, regulations in the banking industry have been constantly changing. After the tightening of rules following the Royal Commission, we are now grateful to see the winding back of Responsible Lending laws. Meantime – Best Interest Duty legislation comes into effect Jan 1, 2021. […]
Seven Tips For Securing A Business Loan
Securing a business loan in Australia isn’t necessarily difficult but knowing how to navigate your way can be the difference between success and failure. Banks and other financial institutions offer a wide range of business finance options, from commercial property loans, commercial vehicle leases, and commercial and equipment leases, to simpler options such as letters […]
Selling your home? Here are the first steps to take
There is more to selling your home than putting up a ‘For Sale’ sign on your front lawn. Here are the first things you should check off your list to help you get a favourable result from your investment and to ensure the process runs as smoothly as possible. Choose a quality agent Asking family […]
Five ways to fund a renovation
Considering transforming your home from ‘banal’ to ‘brilliant’, but lack the funds to support your makeover? Never fear, Crosbie Finance have rounded up five home renovation finance options that could help turn your dream into reality. 1. Equity Release / Top Up Home Loan This is probably the most common way people borrow money when […]
The extra costs of buying a home
When taking out a mortgage, many people forget to consider the associated fees and expenses. Here are some of the extra costs that you’ll need to consider when you take out a home loan. Home loan application fees Most lenders charge a home loan application fee. This can range from loan to loan, and covers: […]
How to negotiate in a softer housing market
It’s important to understand the game has changed when it comes to borrowing. It’s changed for everyone from first home buyers to investors refinancing fixed interest loans or home owners swapping banks for lower rates. It used to be an easy process to move from principal and interest to interest-only or vice versa, or to […]
Business asset finance
Motor Vehicle, Business Equipment and Machinery Finance There are a number of different options to consider when financing a motor vehicle or business equipment and machinery, for which the most common used are; Chattel Mortgage The facility is a commercial finance product where the Lender assists a borrower to take ownership of an asset (motor […]
Bridging Finance – is it right for you?
You are considering selling your current home, and buying another. Ideally you would like to move straight out of your current home into the new one, which would mean both settlements occurring on the same day. But how do you finance the purchase of a new home if you cannot align the settlement dates? There […]
Want a home loan? Be a model spender for 3 months before applying
It’s important to understand the game has changed when it comes to borrowing. It’s changed for everyone from first home buyers to investors refinancing fixed interest loans or home owners swapping banks for lower rates. It used to be an easy process to move from principal and interest to interest-only or vice versa, or to […]
Changes to GST on property settlement forms
The Australian Taxation Office (ATO) has announced changes to the way GST is collected at property settlement. According to the ATO, those purchasing new residential premises or potential residential land who are required to withhold part of the purchase price for payment (to the ATO) must submit a number of online forms. These forms include: GST […]