Center

February 4, 2019

How much deposit do you need to buy property?

I want to give you a quick lesson on lending in Australia. Something I believe they should teach us in school but hey ho. Turns out teaching us useful information about one of the largest transactions we will ever make in our lifetime didn’t make the curriculum!
January 10, 2019

Things that will ruin your chances of getting a loan

Submitting a loan is not like it used to be. The bank ask for evidence of absolutely everything, basically down to what you had for breakfast! There are a few deal breakers to look out for if you are considering applying for a loan.
January 9, 2019

Feeling overwhelmed with your credit card debt?

If you are feeling like you just can’t get ahead of your credit card debt you are not alone. According to a recent report by Australian Securities and Investments Commission (ASIC), 18.5% of consumers are overwhelmed by their credit card debt with outstanding balances now totalling $45 billion (yes, BILLION!!).
December 7, 2018

What is ‘serviceability’ and how do banks calculate it?

You may have heard the words serviceability and/or borrowing capacity in relation to a loan application or in the media lately. Serviceability and borrowing capacity are the same thing.They both mean the ability of a borrower to meet loan repayments, based upon the loan amount, the borrower’s income, expenses and other commitments.