Business Finance

67. investing in commercial premises through SMSF

Investing in commercial premises through an SMSF

Some of the most important decisions a business owner will make are about their premises: whether to rent or buy, where to base the business and even the style of the property are important to get right. For those with an SMSF, there is one more option to consider: landing business premises and an investment property at the same time. Figuring out whether buying your commercial premises through your self-managed super fund (SMSF) is an option that’s suitable for you is imperative to the success of your investment. There can be many gains through purchasing commercial property through your SMSF, including creating a certain level of freedom by smart use of resources. It frees up capital for the business owner and it will unlock
66. how to select a business loan

How to select a business loan

There are different types of business loans to suit different stages of a business lifecycle and different business needs, and selecting the right one can speed up the application process and minimise costs. Finance for a start-up For a startup company with no trading business or cash flow, it can be quite difficult to secure a business loan. An alternative is to take out an investment loan against the equity of your home or property. A lot of the banks don’t have much of an appetite for startups, so an investment loan would be a good alternative for anyone wanting to fund a new venture. It provides flexibility and you’re more likely to secure approval. Finance for quick cash flow Similar to a line
64. how to choose the right business loan

How to choose the right business loan

From time to time, a business needs a cash injection. With so many lenders offering a dizzying array of products, it can be difficult to know what to choose. There are plenty of different types of business finance, but before diving in and applying, it’s important to understand your requirements first, so that a loan can be matched to your needs, and so that you can potentially avoid the problem in the future. Do your homework first, because if you don’t, you’re going to buy the wrong product. There are hundreds of ways of getting the money, but you’ve got to match those with the purpose. The consequences of choosing the wrong finance product include paying too much for finance, or ending up with
63. how do i know im getting a good deal from my lender

How do I know I’m getting a good deal from my lender?

With so many products offered by various lenders, it can be quite perplexing trying to figure out whether or not you’ve scored yourself a good deal on your home loan. While doing your research and comparing what’s out there in the market is one of the most obvious ways to find out whether you’re sitting on a good deal, it can be a time consuming practice and an overwhelming experience for those without specialist knowledge of the mortgage sector. It’s good to shop around, and yes you can use comparison websites, but because lenders call like products different names, it can get very difficult comparing apples with apples. Brokers know the special names and pricing, so it’s worthwhile working with one as not only
62. finance broker or bank

Finance Broker or bank?

When you’re looking for a home loan, you could go to a finance broker or to a bank. While a bank will only offer you its own products, a credit adviser is an industry expert who will take the guesswork out of finding the mortgage product that suits you and your needs. It’s understandable that finance brokers are now the number one choice for consumers who are seeking a home loan or to refinance an existing loan. Businesses are also engaging finance brokers to help them with their finance needs from car and equipment leasing to loans to help their businesses expand. What can a credit adviser do for you? The leg-work Finance brokers already know the industry, the lenders, their products and their
60. a preparation checklist for a business loan v2.0

A preparation checklist for a business loan

Applying for a business loan is a completely different process to that of a home loan application. To ensure you don’t lose your way, we’ve set out a clear path for you to follow. Find a specialised broker Commercial lending is very different to residential, so when searching for a broker, it is important to seek one who is not only accredited, but also experienced in commercial and business finance. The first things you should ask a broker is what experience they have with commercial and business loans, and how many lenders they are accredited with in the commercial space. This is to ensure you are presented with a range of options that give you maximum choice. Gather your paperwork Unlike residential loans, where
45. whats the answer if your mortgage repayment falls short

What’s the answer if your mortgage repayment falls short?

Whether you’re affected by fluctuating interest rates or by a change in your personal circumstances, the pressure of maintaining regular mortgage loan repayments can be overwhelming at times. Here is some information to help you understand the available alternatives. What to do before it gets worse If you’re about to miss a mortgage payment or already have, rest assured there is help available. Taking a big breath and raising the issue with your lender is the best thing you can do – in fact, the earlier you do that, the more options your lender will have to assist you. Failing to resolve the situation may force the lender into taking action against you. This can include: Fees being applied. A higher default interest rate
44. seven things to look for when choosing your broker

Seven things to look for when choosing your broker

A good mortgage broker can be the key to your property portfolio success. Here’s how to find one. When it comes to one of the biggest financial decisions you’ll ever make, it pays to have some professional help. But how do you find a good mortgage broker, and what can they offer? Here’s what to look for. Product knowledge and lender partnerships A good mortgage broker is able to offer suitable product solutions due to the expansive panel of lenders and mortgage products available to them. Brokers have long standing relationships with a range of lenders. They stay up-to-date on the latest features and loans available so that they can give their clients the best solutions for their individual circumstances. Personal rapport A winning
37. fixed variable split find the right fit for you

Fixed, variable, split – find the right fit for you

In Australia, there are a number of ways to structure your home loan repayments. Finding the best option may save you time and money on your mortgage. Here is some information to help you choose the repayment structure that works best for you. Variable rate loans Variable interest rate loans are all about flexibility. Essentially, with a variable rate loan, the interest rate moves up or down as the market moves. This means your loan repayments may also change month-to-month. If the interest rate drops, then your repayments may drop as well. However, in the event of an interest rate rise, your repayments could also increase. Many variable rate loans come with additional features, which can reduce the amount of interest paid over the
31. did you know.... about non bank lenders

Did you know….. about non-bank lenders?

Deciding where to go for your home loan is one of the most important decisions you’ll make. While many prospective property owners will choose to use a mainstream lender, non-bank lenders also have their advantages. What are non-bank lenders? Essentially, a non-bank lender is a lender that’s not a bank, credit union or building society. It has its own source of funds, which it lends out with a margin for profit. A non-bank lender may also be a company or individual who borrows money from a bank at wholesale rates and then lends the money with a profit margin added. At Conquer Finance, we work with both banks and non-bank lenders. Potential benefits of a non-bank lender There are several benefits associated with taking
25. understanding which home loan features are right for you

Understanding which home loan features are right for you

Loans are by no means ‘one size fits all.’  Different loan types suit different age groups, different living situations and even different attitudes to money. A common trap some home-owners fall into is to consider a mortgage ‘set and forget’. You did your research, shopped around, found the right option and now you’re reluctant to revisit the process – even if your personal circumstances have dramatically changed. Before you start shopping around for a new loan, or an upgrade to your old loan, it’s worth knowing a little bit about the options available. The three most common differentiators are variable rates, fixed rates and combo rate loans: A variable rate loan offers greater flexibility than a fixed rate loan and will appeal to you
24. three questoins to ask before you refinance

Three questions to ask before you refinance

The home loan market is constantly changing, with new and attractive deals coming up all the time. Refinancing can help you secure a more competitive interest rate, access the equity in your home, add features (such as an offset account) or consolidate your debts, but there are some important questions to consider before you get the ball rolling.   1. Has my financial situation changed since I first applied for a home loan? A refinance is effectively a brand new loan application. All of the personal financial data you had to gather the first time around will need to be produced again. The stability of your income stream, your assets, and your credit card debts and other debts and expenses will all be reviewed,

Join our mailing list

Get the latest updates and news from Conquer Finance.

  • This field is for validation purposes and should be left unchanged.

Categories

Recent Posts

Contact Us

Conquer Finance Pty Ltd is a credit representative (501481) of BLSSA Pty Ltd ACN 117 651 760 (Australian Credit Licence 391237) | Privacy Policy

Connect with us

Facebook-f Linkedin-in Instagram Google Envelope

Donate with us

Join our mailing list

What news would you like?

Copyright © 2024 CONQUER FINANCE PTY LTD

 | DEVELOPED BY METRIX

FREE COMPREHENSIVE LOAN GUIDE!

Looking for a better home loan? Want to purchase as a first home buyer? Or looking at investing in property? Join our mailing list and download the relevant comprehensive loan guide today!

The FREE PDF guide will be emailed to your address.
If you would like to be contacted please include your mobile number and we will call you.
Please choose the relevant guide
This field is for validation purposes and should be left unchanged.