November / December every year is the best time for a self employed person to source finance, the reason for this is if you’re an organised business and have your returns done (lodged or not with the ATO) then you can work with your broker and ‘select’ which two years to submit.
READ POSTA long time client came in to see me the other day looking to purchase a block of units. Having just settled on the sale of his business and profiting quite nicely from that, was looking to use some of those funds to cover off the deposits and closing costs for the new unit block. We took a look at the financial statements and tax returns but couldn’t use them for servicing because the business that they represented had been sold.
READ POSTI read last week that the fifth round of NRAS (National Rental Affordability Scheme) incentives will be released on the 7th of May ’13.
READ POSTMore often than not you’re better on a variable rate than a fixed. There’s a whole bunch of reasons why, ranging from things such as flexibility to exit costs. However that being said, the 3 year fixed rate currently on offer from some lenders is incredibly appealing, with many coming in below 6%.
READ POST