Insights · Page 29 of 40 · FinancialPlus Mortgage Broker Gold Coast

More than home loans: FinancialPlus can help with business finance, too

Most Australians know mortgage brokers can help them find a home loan that meets their requirements. What a lot of people don’t realise is brokers can also help small business owners secure the right commercial finance for their business too. Many small business owners use the equity in their homes to cover their start-up and expansion costs. It’s often the only option in the early days but, as your business becomes established, external funding can help you take advantage of expansion opportunities. Commercial or business finance refers to a range of financial products and loans designed for businesses. Growing businesses can

Why good tenants are more important than you think

Given you don’t have to spend much time with your tenants, you may think it’s not important who they are. If they pay their rent on time, they’re ok – right? Not quite. Good tenants can actually mean the difference between a high and a low-performing investment. In fact, finding a great tenant may be just as important as finding the perfect location for your investment property. Here are some reasons why it’s worth trying to attract high-quality tenants. Minimise your maintenance costsGood tenants will treat your property like it’s their own, so you’re less likely to find unpleasant surprises

2019 Federal Election Results

An election of any kind has the potential to lead to discussions on the outcome – sometimes heated – as people have different views on what is important from the various parties – big or small. This one was no different and whilst we are thrilled with the outcome for reasons that I will outline, I certainly respect that not everyone will have the same opinion. We are lucky that we live in a democracy and have the choice. This story starts with the Royal Commission into Banking Misconduct. As the name suggests, this was meant to be a review of

How to get ready for a loan

When a lender looks at a loan application, they look at two main areas. The first is that they make sure that your income will be enough to cover not only the loan repayments with a buffer to allow for future rate increases but your existing commitments and your Monthly Living Expenses. The second is to also look at what you have done with your money up until now so even though you may earn heaps of money and may easily have enough to service the loan, some lenders will want to know what you have been doing with your

Thinking of buying commercial property for rent?

When it comes to property investment, people tend to think of residential. But commercial property can offer some big advantages as well, either as a space for your own business or as an income provider. We examine the pros and cons of going commercial. From warehouses and offices, retail to car parks, there are some serious potential benefits to non-residential property when you’re considering investment options. If you already have residential investments, adding commercial property is a way to diversify your portfolio. Plus, if you own a business and are currently leasing premises, owning your own place can deliver another

Interest Only or Principal & Interest

Government regulations introduced in 2017 mean interest-only loans are on the decline. Given the changes, it may be time to reconsider your own loan structure. Rewind a few years and many people would have confidently assured you that an interest-only loan – a home loan on which you only have to make interest payments for a set period of time – was the way to go. Its benefits were clear to many owner-occupiers and investors. For those buying their first home, for instance, it provided an opportunity to get on top of the initial costs of buying a place before

Property & lending insights