JacksonK J. Fentons Creek, VIC 0 Likes 0 Followers Hello there! I am 19 years old and looking to buy 2x 40 ft shipping containers and converting them into a home nicely set up, I've done the research and the profit can be there with the right planning and budget, but I am currently not earning enough to save $20,000 in the next year due to rent and other day to day expenses also I cant get a loan with any banks as a parking ticket was being sent to the wrong adress and I didn't know about it for over a month! Which affected my credit score quite badly. So my question is does anyone know where I can find private investors or something along that line to help with the costs of my project I have seen a financial advisor and have professionally drawn up plans that suggest a $25,000 profit in 2 months work! Thankyou really need advice. 1 days ago
Chrissy B. Lane Cove West, NSW 3 Likes 0 Followers Our home loan is with what people tell me is a 2nd tier bank, Suncorp. At a BBQ yesterday people were discussing interest rates and the suggestion was 2nd tier banks have been and are more likely to be increasing their rates more than the majors. Is this correct, I haven’t seen a change in our rate yet? last week
Cameron G. Glebe, TAS 0 Likes 0 Followers Where do I find a loan shark in Adelaide that will take a chance on me for a loan last week
PJ M. New Farm, QLD 4 Likes 0 Followers I have heard that when applying for loans, the major 4 banks now have access to each others banking data (with your consent when applying) to prove discretional spending and other loans held in your name - is this true? last week
Vishna S. Oran Park, NSW 2 Likes 0 Followers I want to get my first home loan in Australia. What is the difference between a basic home loan and a normal home loan, thank you 2 weeks ago
Anne B. Woodville North, SA 2 Likes 0 Followers I own my own home outright worth around $400,000I also have an investment property worth around 300,00 on which I owe $232,000 and paying 5.6%I want to refinance to get a better rate but not getting any joy with lenders.I earn $35,000 p/a and have a rental income of $150.00 p/wWhere should I be looking? 3 weeks ago
Peter S. Randwick, NSW 1 Likes 0 Followers Interested to get people’s opinion on how the banking royal commission and the stricter lending policies of the banks will have on the housing market in Australia? 3 weeks ago
Amanda K. Summer Hill, NSW 2 Likes 0 Followers The rate on our home loan is 3.81% …$670,000 loan. We see rates advertised at 3.55% and wondering if it is worth refinancing? Is it worth it and what questions should we be asking? 3 weeks ago
Shaun M. Paddington, NSW 2 Likes 0 Followers Hi, I have moved closer to work and rented my home and using it as an investment. If I transfer my loan from principal and interest to interest only is it likely my rate will increase and by how much?Also, I had to pay mortgage insurance previously, will I have to pay it again if it’s interest only?Thanks 3 weeks ago
James G. Roxby Downs, SA 0 Likes 1 Followers I have a horrible credit rating and currently unemployed but I need finance for my next venture. I have more than enough equity in my home for what I need but who or how do I go about getting a loan, who should I be looking to speak with? last month
Andy C. Jindalee, WA 2 Likes 0 Followers if i rent my house out and there is a short fall of 1000 buck a month can i claim it all back at tax time? last month
simplyaskit Business Advisor North Sydney, NSW 132 Likes 347 Followers Should financial literacy such as savings plans, credit scoring, personal finance, credit cards, interest rates, home loans, interest calculations, buying and selling and the value of money all form an important component of the high school curriculum? last month
Margot B. Zetland, NSW 2 Likes 0 Followers I have been offered 4.09% fixed for 3 years and the variable rate is 3.69% for a split loan. The 5 year rate would be 4.29%. Would it be better to go for 3 or 5 years? last month
Sharyn G. Brunswick, VIC 0 Likes 0 Followers My husband is 36 and been in the same role for 6 years earning $97,000. I’m 34 and have had same role for 3 years and income is $82,000. We don’t have kids, credit cards or any loans and have received an inheritance of $190,000. We currently pay $800 a week rent. We would like to ask how much we could borrow and what rate could we get, thanks? last month
Ezidox Pty Ltd Business Advisor Manly, NSW 3 Likes 4 Followers So, I am a 57 year old male, one almost-not-dependant daughter and a financially independent partner. I worked overseas for 15 years from the age of 27-42 and so never started a super fund. In 1992 I left a salaried profession and entered the world of tech startups which I continue in today. As a result, I have no salary income and no employer to contribute to a super fund. I rely on sale of a business from time to time. I have put all spare cash into my primary residence as I see it as the most tax effective vehicle available. I have several investment properties overseas and generate enough income that I haven't had to skip a meal yet. My question is whether putting cash into a primary residence is always a better option than a super fund? I find super fund rules are complex and seem to change all the time...whereas cash into my primary residence is tax free and can be released when I retire and downsize which is the moment when I would want to draw down on any super anyway. Thoughts on a postcard please... last month
Pat E. Orange, NSW 4 Likes 0 Followers Eldest daughter is 29 and we want to help her buy a home. She has a good job earning 87,000 and pays 300 rent a week in Sydney. Can we give her 50,000 to buy, get a loan - we don’t want to be on the loan? last month
Jenna H. Neutral Bay, NSW 2 Likes 0 Followers I read an article suggesting the RBA should look at raising interest rates by 0.25% so what do people think, is now a good time to be locking in a fixed rate term? last month
Tammy B. Engadine, NSW 2 Likes 0 Followers We want to buy a property to live $1.4M and have $600k deposit. Problem is we have two defaults on our record, both paid. We used to run our own business but my husband is back working fulltime as an employee and earns $90,000 a year and I work 3 days a week and earn $50,000. We have been told the only loan we can get is through a 2nd tier lender and the rate would be 4.8%. Is there a chance we could get a lower rate, under 4%? 2 months ago
LL Consultancy L. Ringwood, VIC 2 Likes 0 Followers Hi,just a quick query. Any advice would be greatly appreciated.My partner and I wish to purchase a home for 990kWe have 400k as a deposit and that is in the form of an apartment we have a sale contract on.We have 25k in savings and we have an income of 6k nett a fortnight.The issue is that I myself can not be part of the loan - I previously separated 4 yrs ago and had to take a part 9 debt agreement to continue on in life. Without my income, my partners is 2k a fortnight,however - for the past 12 months, one form of my income (superannuation) has been paid into her account and never touched (2k a fortnight). Will the bank be able to take this into account? What are her chances alone on that income to be approved?I am asking because we would like to place our offer and don't want to be stuck in the dark.Regards,PartnerA1 2 months ago
Sam P. Penrith, NSW 4 Likes 0 Followers Looking for a new home loan and have spoken to Ubank and Loans.com.au. I really don’t want the hassle so can mortgage brokers match their rates…. 3.62%? 2 months ago
