When you buy a property, your initial ‘equity’, or ownership stake, is whatever deposit you put down to qualify for the loan, which is often 20%. Typically, your equity rises as the years advance, through a combination of you paying down your mortgage and your property increasing in value, as this hypothetical example shows: You … Read more
Borrowing power can vary significantly from individual to individual, based on their financial circumstances and choice of lender. That’s why two friends who appear to have a similar profile can be approved for very different amounts of finance. It’s also why the same consumer might find the amount of money they’re able to borrow today … Read more
Securing finance for your business is part of a broader strategy to help your business achieve a particular goal. Your broker’s role is to design a finance package and loan structure to help take your business to the next level. The first step in your asset finance journey is to think about the goals you’re … Read more
Non-bank lender Firstmac has become the largest major organisation to be hacked, following high-profile cybersecurity breaches at Optus and Medibank. If a lender or any other organisation that holds your personal details has been hacked, you should change all your online passwords – particularly those for your bank, email and social media accounts – and … Read more
