Common Misconceptions About Deposit Bonds Debunked
A deposit bond is not a loan and does not provide cash to the buyer. It is a guarantee that the deposit will be paid at settlement. Deposit bonds are…
What Happens When Your Construction Loan Converts to a Standard Home Loan
When a construction loan finishes, it typically converts to a standard home loan once the build is complete and the final progress payment is made. During construction, interest is usually…
Interest Rates Are Rising Should You Lock in Your Car or Personal Loan Now
When interest rates rise, borrowers may consider whether a fixed-rate car or personal loan offers more certainty than a variable option. Fixed rates provide repayment stability for an agreed period,…
Common Mistakes Business Owners Make When Seeking Commercial Finance And How to Avoid Them
Many business owners encounter challenges with commercial finance due to poor preparation, unclear objectives, or misunderstanding lender requirements. Common mistakes include applying without up-to-date financials, underestimating cash-flow pressures, choosing unsuitable…
Pros of Borrowing in Your SMSF for Residential Property
Borrowing within a self-managed super fund to purchase residential property can allow an SMSF to access property markets earlier, diversify assets, and use superannuation savings more strategically. This is usually…
Fixed Price Contract vs Cost-Plus: What It Means for Your Loan Application
A fixed price contract sets a defined build cost upfront, while a cost-plus contract charges actual costs plus a margin. Lenders often assess fixed price contracts more easily because costs…
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