Ranjan Khatak

The last 2 years were like no other in Australia, and thanks to the impact of Covid-19, the country saw its first big recession in over thirty years. However, Australians' interest in real estate hasn't reduced a bit in these years. Since the real estate market has picked up so well, more and more Australians are turning to buy a home or investment property.    So, when you're thinking of purchasing residential property, SMSF home loans in Australia play an important role in your retirement plans. SMSF loans allow you to borrow money to purchase assets such as property.     What is SMSF?    A Self-managed super fund (SMSF) is a private fund managed by yourself. SMSF offers greater flexibility and enables investors to carry a range of assets, including shares, term deposits, bonds, unlisted assets, and so much.      In a simple way, SMSF lets you pay for the fund that you run yourself rather than paying super ... Continue reading →

Refinancing home loans in Australia has become widely popular these days. It not only saves borrowers from repaying mortgage repayments on a monthly basis but also enables them to take a giant leap toward attaining long-term financial goals.    What is Refinancing?   When a person refinances his mortgage, he ultimately switches from a current mortgage to a new loan. It can involve staying with the same lender or a different one for a different home loan. Getting a new home loan means different terms and interest rates, which eventually lower monthly payments and save money or interest over the life of the loan. When it comes to reducing repayments, using Anz's loan repayment calculator can be the right solution. Below are the reasons why a homeowner may want to refinance a loan.     Reduced Interest Rate.   Access to equity in the mortgage.   Consolidate debt.   Additional Flexibility.   Fewer Fees. ... Continue reading →

The recent pandemic has made people earn from home and enjoy the freedom of being their own boss. If you're a self-employed or small business owner, you might understand the challenges of getting a Self-employed home loans Australia.      Yes, you can get a home loan as a self-employed. Working as a self-employed doesn't mean you can't get a competitive home loan. For owning a home loan, all you need is to provide crucial evidence such as tax returns, ABN registration and business activity statements. And if you're finding it difficult to provide evidence, then there is another option: a low doc loan.     Here we've outlined the detailed tips to get approved for self-employed home loans.     Crucial Documents Lenders Ask from Self-Employers   To access self-employed loans, you need to submit some evidence that will make you capable enough to repay the loan. However, loan application requirements may vary ... Continue reading →

Purchasing a commercial property is a profitable investment. Commercial property finance is riskier than residential real estate. Therefore, when deciding upon investing in the Australian property market, it is worth doing research first. It is because elements related to properties like buyers, sellers, agents, etc., are prone to risks of demands and price movements. In contrast, if the property price goes up, all the parties will reap better results. So, below are the essential tips that must be considered while purchasing a commercial property.      Property Location   Buying a commercial property can be used for various purposes, such as rental, office space, warehouse etc. When purchasing the property, the buyer must also think about the location’s future, like if there is a scope of development. He must take care of the connectivity via road or water transport. Moreover, property location matters for stamp duty payment (tax price varies based ... Continue reading →

Purchasing a commercial property in Australia is different from buying a home. When people purchase a home, they usually consider their lifestyle and budget that work for them to borrow and seek pre-approval. However, the purpose of investing in commercial property is to generate or enhance revenue from it. People often do commercial property finance, so they can run their business on it or use it for earning purposes.      Investing in commercial property requires taking out a mortgage to pay off the cost. If buying commercial property is at the top of resolutions for next year, then here are the top 4 things to consider this month that will help borrowers' chances of getting a commercial mortgage, Australia     1. Maintain credit score before New Year     No one wants to keep their existing loan for next year, and it would be good if it is paid down before the end of this year. Lenders pay close attention to ... Continue reading →

When it comes to purchasing a home or seeking to refinance an existing property, a borrower often contemplates whether to opt for fixed interest rate on loan or not. In Australia, the interest rates are currently low, so anyone opting for fixed home loan rates, must be aware of this. Moreover, Fixed home loan rates Australia offers security and stability to the borrower in fluctuating financial market.     About Fixed Rate Home Loans     As the name suggests, a fixed rate home loan is a financing option that lets borrowers fix their interest rate for a certain period despite uncertain market interest rates. The BOQ fixed-rate says that the loan repayments will be charged with the same financing cost regardless of the loan period which could be one, three or five years.    However, when the fixed loan period ends, the interest rate enters the ... Continue reading →

Australia's housing market is among the most expensive globally, which has led to a growing number of borrowers seeking ways to manage their home loan rates. For the past few years, borrowers in Australia are burdened with a higher interest rate than other countries, which has made it difficult for borrowers to repay their mortgages.     As the need arises, people are increasingly turning towards fixing home loan rates because of the benefits they offer over variable or floating interest rate loans. Homeowners take advantage of fixed-rate products to provide peace of mind with no surprises for them or their families. Read on to learn more about how fixed home loan rates Australia could save borrowers from future financial strife.     Fixed-rate home loans     Fixed rates are an excellent idea for those who want to buy their first house, move up the property ladder, or refinance existing mortgages. However, this year, Interest ... Continue reading →

A mortgage loan is probably one of the most significant purchases one can ever make in their life; it makes sense to refinance a loan as mortgage rates still at lows in Australia. The process to refinance mortgage loan for a first-time buyer can be complicated, so here are few essential considerations to review before refinancing a home loan in Australia.     Understand the home equity:    The first and foremost step of refinancing of home loan is its equity. Equity is the difference between a person owe on his home and its value. A borrower must know that refinancing loans with little or no equity is not always possible with many lenders. However, few lenders offer mortgage refinance in Australia. The best way to determine whether an individual is eligible for a particular program is to consult a home loan broker and discuss your individual needs.     Check Credit score:    A good credit score works as a ... Continue reading →

As per a recent study, running out of cash is one big reason why Australian businesses fail in their initial years. There are several reasons why a business may need funding– for instance, buying essential business equipment, moving into bigger premises, needing more staff to boost their working capacity, or keeping business cash flow steady through income variations.     When a business doesn’t fall into the category of occupying a loan or simply doesn’t want the struggle of preparing such extensive documentation, then don’t despair. There is a popular alternative to go for: Low doc business loans.     A low doc business loans Australia is easily accessible finance for most developing businesses in Australia, including start-ups, small organisations, or self-employed individuals or have less chance of getting financial support from leading banks.     Importance of Low Doc Business loans     ... Continue reading →

Gone are the days when educational institutes and sectors utilize disorganized way of marketing. The advancement of the internet and social media has a major impact on the education sector. Over the last few years, social networking sites emerged as a great marketing tool among the young community since they are already engaging with several popular platforms like Facebook and Instagram on a regular basis. Today parents and students judge a school or institutions based on its website authenticity and its online presence, reviews and customer ratings.     What is Social Media Optimization?     SMO or social media optimization is a technique of creating and boosting your social media strategy so that you can get effective results. Moreover, SMO marketing services helps to increase the online presence of your institution brand and make it more known.      Why is SMO vital for the education sector?    SMO is important ... Continue reading →

The procedure for purchasing property or a home can be challenging and complicated, especially when you are a first-time buyer. But possibly the most difficult aspect of all is saving up for the first deposit for a loan. However, With Australian home costs at record highs, saving for a home loan deposit can be tough. It is suggested by the lender side to put 20% of the amount of your home’s worth. Due to the current rise in home prices, a 20% deposit seems sum to a lot of cash.    In this case, you can access more available options, including low deposit home loans and even no deposit loans (if you have a trusted guarantor) that could enable you to get in the home market sooner. So here we have discussed a few of the ways you can potentially select to buy a house with no deposit home loans Vic.     No deposit home loan as a first-time buyer    If you are utilising First Home Owners Grant (FHOG) as a first-time buyer, you can technically use ... Continue reading →

A fixed-rate loan might be a decent alternative for you because any interest rate rise will not affect the amount of interest you should pay. Nonetheless, if interest rates fall, you may be paying more in interest than someone who has a variable rate home loan. The low loan cost environment and the effects of this pandemic on many Australians' funds seem to have boosted the demand for fixed-rate loans in Australia.       What do you understand by fixed-rate loans?       A fixed-rate loan implies that your loan installments will be charged at the same financing cost for however long the fixed-rate loan period is. This rate is generally for a period between 1 – 5 years. Even so, longer fixed-rate terms do exist. After this period, the rate will return to a variable rate, except if you enter another fixed-term contract.        How much can a person borrow?    ... Continue reading →

Obtaining a commercial property loan is an investment in the future of your business. Property is one section in the economy, popular for riding out the worst of a recession. That is why commercial property loan is always one of the safest approaches to make a long-term investment.   These property loans are very different from other types of business loans and function more similarly to a home loan. These loans are essentially the same as any other type of mortgage, except they are structured for the exclusive use of the commercial property. As a business owner, it is extremely important to have a complete understanding of this loan. Most financial institutions and lenders will do an in-depth analysis of the property as well as the income potential and will be able to advise a business owner on the correct way of structuring commercial property real estate loans.     Go through the article below and explore what are commercial property ... Continue reading →

Nowadays, many people in Australia prefer opting for debt consolidation home loan plans to pay their debts off. This debt could be in the form of credit card outstanding and they usually pay it off by taking a mortgage loan that amounts to more than what they are required to repay for their home. As a result, they take the difference in the cash amount to pay off a higher interest debt.     Although debt consolidation home loans help individuals in managing their repayments easily, this loan can still cost them more when the rates of interest or the fee are much higher when compared to before.     Therefore, it is important to research properly and take into consideration all the necessary factors while consolidating all existing debts into a new debt. Here, we’ve listed some of ... Continue reading →