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Expert advice on home loans, business finance, and financial planning
The mistake most people make with dealer finance isn't the rate. It's signing at the desk on the day, without seeing the full contract, because the car's ready and everyone's waiting. Dealer finance…
Most people decide whether to refinance by comparing two rates. That's the start, not the answer. The real question is how long it takes the saving to pay back the cost of switching, and whether the…
The most expensive mistake buyers make with pre-approval is treating it as a promise. It isn't. It's the lender saying "based on what you've told us so far, we'd likely lend you about this much." The…
Having an ATO debt doesn't automatically stop you getting a business loan. Hiding it, or ignoring it, usually does. A lot of small business owners assume the opposite. They think any tax debt is an…
Most self-employed people don't get knocked back because they earn too little. They get slowed down or knocked back because the paperwork doesn't show what they earn, or shows it in a way the lender…
A balloon makes your repayments smaller. It does not make the car or the equipment cheaper. You still owe that lump sum at the end, and you pay interest on it the whole way through. That's the part people skip…
A decline from one lender isn't a verdict on you. It's a verdict on your file against that lender's rules. The most useful thing you can do next is work out which kind of no it was, because each one has a…
Plenty of solid borrowers do not get a neat full-time PAYG salary. They are casual. Or on a fixed-term contract. Or juggle a permanent part-time role with overtime and a side casual job. Lenders can still lend…
A family guarantor can help someone buy with a smaller deposit. Parents usually step in. Sometimes a sibling or partner of a parent does. It is not free money. It is not a gift. Someone with equity or spare…
Buying an established house is one loan story. Building a new one is another. With a construction loan, the lender doesn't usually hand over the full amount on day one. Money is released in stages as the build…
You need a car. Three common paths get thrown around: a novated lease through work, a normal car loan, or a personal loan. They all put you in a vehicle. They are not the same product. Ownership, tax treatment, what…
