Well, the year is coming to an end and many business owners are meeting with their accountants and tax advisors to figure out how to reduce that inevitable income tax burden coming in April. Here are a few strategic ways to keep some more of that money at home.Business owners are often successful in earning some money beyond the expenses of acquiring it-in short, profit. The only problem is, the profit is taxed. So, we work with our tax advisors...more
It takes the best stock market predictions to achieve top stock market results, but choosing the best stocks to invest in is not easy. One approach professional investors and traders use is the fundamental analysis of stocks, where others prefer the technical analysis of stock market trend. The fundamental analysis of stocks is based on criteria like Earnings per share, Price/Earnings ratio, PEG Ratio, Return on equity and Return on...more
All you need to do is sign an income verification accompanied with a loan application and you can get a low-doc home loan quick and easy. This type loan saves your from the aggravating task collecting all the necessary forms pay slips, tax returns and other income documents that normally are needed when applying for a traditional mortgage.Its A Modern Day ProductMany different changes in modern day life have influenced creation of non-traditional loan products such as a low-doc home loan. Lifestyle changes such as self-employment, non-married couples and frequent job changing have spurned the marketing of products to individuals who normally do not qualify for a traditional mortgage. Because the risk runs higher for lenders offering this product to potential borrowers, these loans are typically more expensive. However, they are marketed toward individuals who fit certain profiles like being self-employed, having gone through bankruptcy, are independent contractors or investors, plus people who have been rejected for a traditional loan.Check with a ProfessionalObtaining the right low-doc loan to meet your personal situation and needs is best accomplished consulting a professional....more
1.Lower Interest Rates The very number one reason to refinance your home is also the best reason. If there is a 1.5 to 2 percent difference between the interest on your present loan and the going rate, it is time to seek a better deal. Not only will you pay less across the entire length of the loan, but gaining a lower interest rate should reduce...more
The home loan you presently have on your residence may not be the best deal you can find in todays Australian mortgage market. It might have fooled you in the beginning convincing you it would work hard on your behalf. But, there was not enough built-in flexibility providing enough options that allowed you the ability to keep your money working...more
The recent economic downturn has affected people worldwide including many Australians on the verge for retirement. Like many, retirement programs got hit, stick market investments dwindled usually leaving as the one true equity vehicle a home lived in for some time. At best, however, the home market has taken quite a hit with property values declining. But, with other investments tanked, using home equity for retirement purposes in the form of a reverse mortgage may be a viable option.What is a Reverse Mortgage?This is a special loan product that allows owners to turn home equity into cash while continuing to live in the dwelling. The equity that has been built up through years of payments can be accessed as either a lump sum or in payments. As long as the borrower uses the home as the primary residence no repayment is ever made. Payments would come due after death of the owner (s) or, in the event of poor health, a necessary move to a nursing facility. This type of finance product became popular even before the recent hard economic times hit.Does It Really Work?According to the Senior Australians Equity Release Association of Lenders (SEQUAL), there were 37.500 reverse mortgages...more
Consumers obtaining a low-doc home loan do not need to present to their mortgage broker or lending institution a bunch of separate documents proving what your assets, liabilities and income happen to be. There is still a written application process...more
Often consumers face the unenviable situation having to make many monthly payments to a myriad of creditors. A consumer may have an average of six-to-eight separate monthly payments including three or four credit cards, one or two automobile loans, a...more
Bustling about getting everything done during daily life leaves very little time for any special projects you need to take on from time to time. Projects like finding a good home loan when you are ready to buy can consume not only your time, but a...more
There once was a time when a consumer could obtain a 100 percent loan in the Australian mortgage market. Those days are pretty much long gone now. However, a savvy home loan consumer can structure a mortgage that covers 106 percent of the costs...more
Most Australian homeowners probably have not encountered the phrase Mortgage Acceleration. However, contact with a finance professional may just bring this phrase into play. Most do not know that the simple definition is to speed up the time it takes...more
In this modern day where information is ready at every click, finding your own home loan without the use of a professional mortgage broker is more than likely your best bet. After all, you have all the time in the world for self-education, dont you?...more