#debt / 23 posts found
On the market? The federal government’s First Home Loan Deposit Scheme explained
The barriers a first home buyer faces when entering the property market are well documented. So, will the government’s new First Home Loan Deposit Scheme (FHLDS) help, or not? Here’s a guide to who’s eligible, how it will work, and what the new scheme may mean for the housing market. Have you got a spare $228,442.40? That’s the 20 percent deposit needed for a property at Sydney’s median house price of $1,142,212. Aspiring home buyers have been repeatedly told to save for a deposit at that ratio. The FHLDS announced before the 2019 federal election, is intended to lower the […]
Where can I get finance for a small business?
Note: When seeking credit assistance, use a mortgage broker to protect your best interests. Many people in Australia dream of running their own small business but four out of five never do it. If you’ve got a good idea, develop a business plan, then let’s discuss your small business finance options. Your small business finance or commercial finance options include: Business loans Commercial loans Lines of credit Home equity loans Franchise funding Venture capital How much money does your business need? A lot of small businesses fail not because they’re offering a poor product but because they run out of […]
What Do I Need to Know About Debt Consolidation?
(Note: Not to confuse it with debt elimination.) If you’re swamped with credit card debt and personal loans, it can sometimes help to talk to a professional about debt consolidation. However, you need to be wary. You might end up paying more in the long term and/or reduce the equity in your home. What is debt consolidation? Debt consolidation is where you transfer your credit card debt and any personal loans to your mortgage. The advantage of doing this is that the interest rate on your home loan is likely to be lower than you’re paying on your smaller debts. […]