The Secret to finding a Suitable Pharmacy Loan

Are you a recent graduate, associate or even a seasoned pharmacist looking to buy a suitable pharmacy that meets your needs? Do you need finance for it? Then a pharmacy loan, if structured correctly can meet your needs.

A pharmacy loan will assist you when you are looking to:

>>Buy your start-up pharmacy practice;

>>Acquire another pharmacy practice;

>>Expand or remodel your existing pharmacy practice;

>>Purchase equipment for your pharmacy practice, including fit outs; or

>>Refinance your existing pharmacy loan.

Your Pharmacy Loan Checklist - Here is a brief list of things you should consider when you are looking for a suitable pharmacy loan to meet your needs:

1. Create a Suitable Due Diligence/Business Plan and Budget

As with any large financial decision you will make, it is extremely important that you work out your budget. You should look at your overall financial position, before you start seeking finance and this means:

>>Establishing a suitable due diligence/business plan;

>>Establishing a suitable budget, whereby you prepare a list of all your assets as well as your expenses and outgoings. You can do this by using a Budget Planner calculator ; and

>>Calculating how much you may be able to borrow by using a Borrowing Power calculator .

2. Arrange for Pre-Approved Pharmacy Loan

You should arrange for pre-approved pharmacy loan as it will give you the peace of mind knowing that:

>>You will have the upper hand when negotiating the sale price of the pharmacy practice with the vendor, real estate agent, etc.

>>You will have a clear picture of what the affordability and borrowing limits are;

>>Your pharmacy loan request has already been pre-approved by the lender/credit provider; and

>>You will know the conditions of your pre-approval.

3. Understanding the Features and Benefits of a Pharmacy Loan

There are many features and benefits that you need to consider when looking at a pharmacy loan, these include:

>>The amount of loan you require to finance the development of a new pharmacy or the purchase of an existing pharmacy location, etc;

>>The term of the loan required;

>>Structure of the loan (i.e. Fixed/Variable/Interest Only);

>>Interest rate;

>>Provision for redraw facility; and

>>Early repayment provisions (i.e. exit strategy).

Seek Expert and Professional Advice

Your needs as a pharmacist are unique and can at times be complex. But, you must not worry about obtaining a pharmacy loan. You can seek the support of a dedicated and professionally qualified finance broker who specialises in providing assistance to pharmacists seeking a loan. He/she will understand your situation and help you in obtaining a suitable pharmacy loan.

Singh Finance is a reputed Australian finance brokerage firm that employs a team of dedicated and professionally qualified finance brokers. Our team will help you obtain pharmacy loan quickly. Call on 0424 190 908 or enquire online now.

Home Owner-Occupants are now becoming the New Prime Customers for Banks

The Australian Prudential Regulating Authority (APRA) has warned Authorised Deposit Taking Institutions (ADIs) including banks to slow their investor lending growth to less than 10 percent a year. APRA has also advised that this is a benchmark, not a cap. This decision by APRA is seen as a "boon" for home owners (also known as owner-occupants or owner-occupiers) who are looking at getting into the property market and who are considering paying off a mortgage on the house they live in.

These owner-occupiers will become the new prime customer for the banks. So, now is the best time for them to get an owner-occupied home loan. Owner-occupiers will enjoy cheaper loans than property investors and this will mean that they will get bigger interest rate discounts on loans. So, if you are an owner-occupier, you should consider this situation as being a good opportunity to get your finances in order.

Making the decision to buy a home, that you intend to live in, is indeed a very exciting prospect. However, understanding your finances is equally exciting and in fact, much more important. So, before you consider taking advantage of the bigger interest rate discounts, here is a list of how you can start to get your finances in order:

>> Set your financial goals;

>> Know your finances and your budget inside and out, by using a budget planner calculator

>> Prepare a list of all your assets as well as your expenses and outgoings;

>> Calculate how much you might be able to borrow by using the borrowing power calculator

>> Research all the types of owner-occupied home loans, so that you can explore the numerous options available to you ;

>> Find out how much your repayments would be for the loan;

>> Familiarise yourself with the First Home Owners Grant (FHOG) and other types of assistance available from the Government as it may give you an extra cash injection and help you make your purchase sooner. For more information simply click on http://www.firsthome.gov.au;

>> Depending on which state or territory you live in, you may also be entitled to Stamp Duty rebates or exemptions. For more information simply click on http://www.firsthome.gov.au; and

>> Ask for your finance to be pre-approved as it will put you in a stronger negotiating position with the vendor or real estate agent.

An owner-occupied home loan/mortgage will most likely be the largest financial commitment you will ever make. So, you need to ensure that you are taking all the necessary steps.

If you think it is too difficult to get an owner-occupied home loan, you should take help of a professionally qualified finance broker, who has a thorough knowledge of the credit policies and standard requirements of owner-occupied home loans and who is also a home loan expert.

A finance broker will help you to:

>> Determine your borrowing needs and ability;

>> Select an owner-occupied home loan suitable to your circumstances;

>> Manage the process right through to settlement.

So, don’t waste any time in dreaming about your perfect home. Obtain an owner-occupied home loan in Sydney and make it a reality.

How to know if Home Loan Refinance is a Good Decision for me?

If you are a home-owner, refinancing is something that can come along as either an opportunity or a necessity. But, whichever one it is, it is a big decision that will require a lot of thought and research. Many people are aware that refinancing is an option but are confused about:

•Where to start; or
•Whether it is the best path to take.

So, if you are considering refinancing your home, here are a few basic questions you need to ask yourself:

Question 1 - Why do you want to refinance?

Before you do anything at all, you must first evaluate the reasons behind your desire to refinance. To help you, here is a list of reasons why you might be considering the option to refinance:

You may want to lower your monthly payment

Sometimes interest rates drop, and you might find that you can refinance in order to lessen your monthly mortgage payment. However, you might have a problem if you owe more than your house is worth. You may also want to make sure that your interest rate won’t be higher as the result of your lower monthly payment.

You may want to lower your total costs

Sometimes refinancing can be the best way to pay off your home loan faster. As you pay less interest by refinancing, you can lower the overall cost of your home loan. If you are eager to pay off your loan quickly, be careful. It is because refinancing to a shorter term loan might also increase your monthly payment—in which case it may not be worth it.

You may want to switch interest rates

Switching from a "variable" interest rate to a "fixed" interest rate is one reason to refinance. This can make your mortgage payments simpler and easier to manage in the long run as the interest rate will remain unchanged for a fixed period. Also, switching to a fixed interest rate can also protect you against any potential interest rate rises.

You may want some cash-out

This type of refinancing option involves using the equity in your house to enable you to get cash for other purposes. If the reason for refinancing your home loan is to get cash-out, then make sure that your new mortgage is still affordable, and that you are seeking the cash-out for an essential reason, otherwise you may run into serious trouble in the long run.

Question 2 - What will it cost you?

This is probably the biggest question that you may ask yourself about refinancing. When it comes down to it, you need to be aware of all of the potential costs before you can make a proper decision. Once you have considered all of the possible outcomes, you can then make a well-informed decision. If you are looking to cash out, your purpose is to get more money immediately, so it will obviously cost you a little more in the long run.

So, if you are looking to save some money and you may want to avoid any fees where possible, then here are some aspects of refinancing that may cost you money:

Penalties

Check out the fine print on your current mortgage. If you are not sure what it means, have an expert finance broker or solicitor look at it. There is a chance that there may be some penalties involved for paying off your home loan early. If this is the case, it might not be cost-effective to refinance.

If you owe more than your house is worth

Houses can decrease in value. If you owe more than your house is worth, you might end up having to pay the difference yourself, and that may make refinancing a less attractive option.

Question 3 - How long are you going to stay in your home?

A lot of your decision-making will depend on how long you intend to stay in your home, such as:

• If you intend to move in a few years, then refinancing with a "variable" interest rate mortgage loan may be a good option or not refinancing at all may be the best choice for you.

• If you intend to stay in your home for a very long time, a variable interest rate home loan might not be the best idea. But, refinancing your home loan in Australia to a "fixed" interest rate home loan may help you in the future.

Question 4 - What do you do now?

So, you have now weighed up all of your options and you know for certain that you want to refinance. What do you do now?

First, you need to make sure that you will be able to refinance. This means:

• You will need a good credit score;

• You will need to ensure you have enough "equity" in your home (i.e. this might be 10 or even 20 percent of your home’s value); and

• You will need to have proof of a good source of "income" and steady "employment".

After you have considered all of the above, you should check your current mortgage for any possible penalties for paying it early, and make sure that the penalties will not outweigh the benefits of refinancing.

Next, seek expert and professional advice from a qualified "finance broker" who will:

•Have access to interest rate comparisons;

•Be able to show you the long-term savings benefits; and

•Be able to confirm if these savings outweigh the short-term costs.

Refinancing helps you lower your home loan cost and ensures maximum savings. Do not get overwhelmed by the complicated refinancing process. You can contact an expert finance broker to help you.

How to improve your Credit Score before getting a Home Loan?

One of the best ways to improve your chances of getting a home loan is to improve your credit score. It is because better credit scores may give you access to better interest rates and more beneficial home loan products.

Here is a list of some quick tips to help you get the best possible credit score. While there is no guarantee that all of these options will immediately boost your credit score, they may help you establish habits that will strengthen your credit score.

Show you can pay your bills on time, every time

Lenders/credit providers will want to see that you can repay a home loan on time. So, here is a list of bills that you should pay on time, every time:

>>Your credit cards;

>>Your rent;

>>Your medical and utility bills; and

>>Any other service that may use a collection agency for the recovery of delinquent accounts.

If you miss a payment date by a few days, call the service provider immediately to make the payment, and don't be afraid to ask the provider for a one-time forgiveness.

Check your Credit Rating

You should regularly check your credit report with a credit reporting agency (such as Veda Advantage and Dunn and Bradstreet), as it will:

>>Give you an idea if you have any defaults or negative repayments history recorded in your report;

>>Give you time to get the credit report corrected before a lender/credit adviser accesses your report; and

>>Enable you to verify your credit score with a credit reporting agency.

Note: You should be aware that due to the changes in the Privacy Act in March 2014, lenders/credit providers have the ability to access your credit reports and can see the past 24 months of your repayment history.

Maintain your Available Credit

Before applying for a home loan don't open any other credit cards or lines of credit. It is because lenders/credit providers will see you as being a risk if you suddenly take out loans for cars, electronics, furniture, etc.

Also, refrain from closing your credit cards or other lines of credit. Instead, consider paying off your balances as a lower debt will improve your debt-to-credit ratio.

This is best illustrated by the following example:

Having a total debt of $4,000 with a $20,000 available credit will look better than having just $500 in debt with $800 available credit.

Establish a Savings History

If you are borrowing more than 80 percent of the purchase price of the property, you will be required to meet the "genuine savings" requirements of lenders/credit providers. Your savings will need to add up to around 5 percent of the purchase price of the property.

For example, on a purchase price of $700,000, you will need to have savings that add up to $35,000.

Note: Saving a larger deposit should help to reduce or avoid paying "Lenders Mortgage Insurance" (LMI) and you may even be offered a more competitive interest rate by the lender/credit provider.

Avoid applying with too many Lenders/Credit Providers

Avoid submitting your home loan applications to several different lenders/credit providers at once. It is because these loan applications will appear on your credit report. You should only submit your home loan application:

>>After you have compared lenders/credit providers; and

>>After you have decided to go with a particular lender/credit provider.

Your Employment Stability

If you have had the same job for several years, then this is a big tick. So, prior to applying for a home loan, try to establish a stable employment history as it will enable you to make regular loan repayments.

If you have changed your job recently, do not worry. You may satisfy the requirements of lenders/credit providers, if:

>>You have been in a similar role; and

>>You have been in the same industry.

Disclose all Information

Lenders/ credit providers may think that you have other debts that have not been disclosed. So, always be upfront and disclose all information as non-disclosure of relevant information may result in your home loan application being declined.

Seek Expert and Professional Advice

All these tips should help you to improve your credit score. However, you should speak to a professionally qualified and expert finance broker who can help you to create a personalised credit improvement plan. Establishing this relationship with a finance broker will help you to determine which potential lender/credit provider best meets your needs.

All the Best!

Buying a Home is now possible for People with Bankruptcy

If you filed for bankruptcy, because, you were advised to do so by a business person such as a solicitor, you may have realised that: 

>> Bankruptcy can stay on your credit file for up to 7 years; and 

>> Bankruptcy can come back to haunt you when you are trying to get a home loan or refinance your existing loan from one of the major banks. 

But, do not worry if you are a discharged bankrupt looking for a home loan or considering refinancing an existing loan, you can still get loan approval. 

Fortunately, there are now a range of “specialist lenders” that cater specifically to this “niche” and are willing to offer home loans or refinance existing loans to people with discharged bankruptcy. Although these loans can come with: 

>> A higher interest rates compared to regular home loans; 

>> A higher percentage of deposit (i.e. rather than the typical 20 percent, you may need more); and 

>> A fee that may be charged on top of the interest rates. 

What to consider as a Discharge Bankrupt when applying for a Home Loan or a Refinance Loan?

If you are a discharged bankrupt, here is a list of things you should keep in mind, which the specialist lenders may require and more importantly can help you get a home loan after bankruptcy or a refinance loan: 

>> They may require you to provide a sound and transparent explanation regarding the situation that led you into bankruptcy (e.g. critical illness, financial difficulty, etc.); 

>> They may require you to provide evidence as part of your home loan or refinance application process, to indicate that this bankruptcy was a one-off situation, and that it was well beyond your means to avoid; and 

>> They may require you to provide evidence to substantiate that all your financial affairs are now conducted in an excellent manner (e.g. if you are paying rent, are you able to produce a rental ledger to show that your rental payments are being paid on time). 

It can also benefit your loan application process. If you can demonstrate to the “specialist lender” that you have a minimum of unsecured liabilities as is possible. 

What types of Home loans are available to Discharged Bankrupts? 

 

This will depend on the “specialist lender” you choose. Here is a list of loans you can consider: 

>> Basic Home Loans: These are standard home loans that are often considered a no-frills loan. They usually don’t offer additional extras or flexibility in paying off extra on the loan or varying your repayments

>> Low Doc Loans: These are low documentation home loans for people who are unable to supply required proof of income, such as recent tax returns or other financial documentation at the time of the application. They are usually ideal for self-employed individuals or contractors. 

Truly, when your credit has been damaged following a bankruptcy, you have to be more cautious when it comes to your finances. You should take help of a professionally qualified finance broker, who has a thorough knowledge of the credit policies and standard requirements provided by the “specialist lenders”.

Short-Term Business Loans are the Perfect Solution for when your Business Needs Urgent Cash

You may be like most small to medium-sized business owners who often need urgent working capital or cash flow. If you find your business doesn't qualify for a traditional business loan from a traditional financing institution, you might still be able to obtain finance in the form of a short-term business loan.

What are Short-Term Business Loans?

Short-term business loans will provide your business with a suitable funding alternative to traditional business loans provided by traditional financing institutions. Here is a list of reasons why short-term business loans can benefit you:

• You will be able to meet you urgent needs for financing, without requiring you to make a long-term debt commitment; and

• You can choose a maturity date of one year or less.

Short-Term Business Loan Purposes

Here is a list of reasons how the loan package can help your business:

• Short term business loan for working capital can help you to cover any temporary deficiencies. So, you can meet your payrolls and expenses;

• They enable you to meet any immediate and urgent expenses, particularly if your business is seasonal in nature;

• They enable you to create and manage start-up businesses and pay for any start-up business costs;

• They enable you to take advantage of any business growth opportunities and when you have to move quickly; and

• They enable you to look at any acquisition or expansion opportunities that can arise suddenly, and you need to respond immediately and provide immediate cash.

Traditional Business Loans may not always be the Best Solution for you!

Here is a list of common frustrations that many small to medium-sized business owners have when looking at traditional business loans:

• They are often made for as long as ten years;

• They often require mountains of documentation and financial statements;

• They have a rather long waiting period before you receive an approval;

• They can take weeks or even months before funding is received; and

• They have a rather high decline rate for small businesses.

So, short-term loan for small business is ideal for business owners who have recently started a business, want a smaller loan term or don’t want to get involved in a huge documentation process.

Taking help of Experts

Ensuring you have the right finance structure in place is vital for you. So, you should seek expert and specialist advice from a business finance expert who has adequate knowledge of the credit policies and the standard requirements for obtaining short-term business loans. You should also seek independent taxation and accounting advice regarding the treatment of depreciation and any tax advantages that may be available to you.

Truly, short-term business loans are a very efficient and cost-effective source of urgent finance. So, next time your business faces cash crisis, do not worry. Simply contact a finance broker who will help you in obtaining the loan package of your choice.

Medico Loans for buying Property - A Great Solution for Medical Professionals and Doctors

I am a General Practitioner. Is it possible for me to obtain a loan to buy a converted residential house to use as my practice premises?

Dr Alex (General Practitioner)

Hi Dr Alex,

It is a very interesting question asked by many medical professionals, medicos and doctors. To attract medical professionals and to fight competition, specialist lenders/credit providers have developed an amazing loan package called "medico loan" (also known as "medico pack" and “loan for doctors”). The loan package can help you in buying a converted residential house to use as your practice premises.

If you are a medical professional like Dr Alex, you can also take advantage of the medico loans and start your practice. Before you apply for medico loans, you must know everything about it so that you make a wise decision. So, let’s start.

The Purpose

Amedico loan has many purposes. However, you should keep in mind that refinancing of working capital, equipment finance and all other business related purposes are excluded from the loan package. In addition to buying a converted residential house to use as your practice premises, you can also use a medico loan to:

• Purchase residential properties (owner-occupied and investment property purchase)

• Refinance existing home loan

• Consolidate your debts, or

• Obtain cash out (Equity Release)

Special Discounts and Benefits

Medico home loans have been specifically developed to offer doctors with a number of special deals and discounts. Here are a few of the special discount deals and benefits provided to medical practitioners:

• Confirmation and validation of 5% genuine savings is not required

• A maximum Loan-to-Value Ratio (LVR) of 90% may be approved without Lenders Mortgage Insurance (LMI)

• Discounted interest rates

• Easier loan approval - even for the typical "hard loan proposals"

• Discounts on Lenders Mortgage Insurance (LMI) premium or even no LMI

• No Set Up cost or Application costs

• No valuation

• Special interest rate for family members, and

• Easier cash out (Equity Release policy)

Eligibility Criteria

Here is a brief list of medical professions who can choose a medico loan pack and get all the special discount deals and benefits:

• Doctor of Medicine

• Surgeon

• Hospital - Employed Doctors (Intern, Resident, Registrar, Staff Specialist)

• Dentist

• Chiropractor

• General Practitioner

• Optometrist

• Radiologist

• Veterinary Practitioner

• Physiotherapist, and more

Income Documents and Employment Verification Requirements

Income documents are standard, and you only have to provide copies of the most recent tax return for both, established self-employed medical professionals and PAYG medical professionals. And, you only have to provide copies of the following employment documents:

• Your University degree or qualification, or

• Your Registration with the Medical Practitioners Board of Australia or equivalent body

Tuly, lenders/credit providers have made loans simpler for medical professionals by providing medico loans. So, don’t worry about obtaining a loan package for establishing a private practice.

Singh Finance is a reputed Australian brokerage firm. It will help you in obtaining home loans for doctors. Don’t worry if you do not have all the loan documents ready. You can obtain low doc home loans easily. Call on 0424 190 908 or enquire online today.

First-Time Investors - Looking to Buy Investment Property

If you are one of the many first-home buyers who have been working hard over the ensuing years to pay down your mortgage as quick as you can, there is good news. With an increase in the value of your property, you now have access to a significant amount of equity sitting in your current home. This accessible equity can provide you with the perfect springboard to becoming a first-time investment property buyer.

So, if you are considering taking your first steps into the property investment market, you may find that you are:

• Looking at the second property as "doubling your commitment" to servicing your ongoing debt, or

• Unable to muster up enough courage to start the first move into an investment property market

Useful "Tips" for First-Time Investment Property Buyers

Don’t worry if you worried about your financial situation. If you are serious about being financially independent by the time you retire and you have been considering investing in property for the first-time, here are some useful tips to help you become successful in obtaining investment property loans:

• Find a Suitable Property - Have a clear idea of the type of property you want to buy and its location

• How much you can Borrow - You will need to assess the amount of debt you can take on. You can use a suitable "Borrowing Power Calculator" to help you determine the amount you can borrow

• Budget - You will need to establish a personal budget, which involves adding up all your income as well as working out all of your expenses. You can use a "Budget Planner Calculator" to help you determine the amount you can borrow

• Rental Income - You will need to make sure the rental income you receive from your investment property will cover the total costs of your investment property

• Tax Deductions - There is a range of property investment tax deductions you can claim. So, it is important you seek tax accounting and legal advice from your tax accountant and solicitor

• Loan Purchase Costs - Buying your investment property does come with a range of costs. Some of the typical costs include loan establishment fees, conveyancing costs, stamp duty, and Lenders Mortgage Insurance (LMI) premium (i.e. payable if the total amount of your borrowings is more than 80% of the total security value of your properties)

• Investment Loans and Options - The type of loan you obtain should depend on your individual situation and should reflect your investment goals. There are also numerous home loan options with a range of features and benefits to choose from.

• Loan Pre-Approval - Before you go looking for your first investment property, you should arrange to get your loan pre-approved. Because, a pre-approved investment property loan will give you the peace of mind and surety when you are bidding at an auction.

I hope these tips will guide you in obtaining a better investment loan deal and make you a successful first-time investor. If you are overwhelmed with the amount of work that you will have to do for making investment in a property, it is best to seek help and guidance from a professionally qualified finance broker.

Having a specialist finance broker on your side will save you lots of time and heartache because he/she will negotiate on your behalf with numerous lenders/credit providers and secure your eligibility for a first-time investment property loan. So, don’t take tension of the loan process, employ a specialised finance broker and let him/her find the best investment property loan deal that suits your needs.

Quick approval, complete expert assistance and lower interest rates – Singh Finance’s team of experienced finance brokers manage to provide you all these benefits with just a phone call on 0424 190 908. You can even enquire online for obtaining low rate first-time investment property loan or construction loan for your home.

Agriculture Loans - Helpful Information for Farmers Requiring Funding

Agriculture is a major sector for the Australian economy contributing 12% GDP. 307,000 people are employed in the sector that earns $155 billion-a-year. The numbers clearly show that agriculture is a big business and like every other owner of a huge business, farmers often have to seek quick and affordable finance.

Funding Requirements

Many finance brokers or even lending staff employed by the banks do not understand fully, the essential components for obtaining funding for your farm business. So, if you are looking at expanding your farm business, or just looking to better manage your business during the cycle seasons and commodity fluctuations, here is a list of funding situations where you can use an agriculture loan:

• You may be looking at buying a neighbouring property

• You are a livestock producer looking to purchase vet supplies

• You may want to increase your livestock numbers

• You may need to buy cropping supplies (e.g. weed spray or fertiliser)

• You are looking to purchase, upgrade or replace your farm or business equipment

• You may need to meet your seasonal expenses

• You would like to consolidate all your agriculture finance into one loan, making your finance simpler and more cost effective, or

• You may need drought survival assistance

Summary of Agriculture Loan Options

Here is a list of agriculture loans that have been specifically designed by specialised lenders/credit providers to address the specific needs of your farming business. These loans are also more flexible than other loans:

Farm Term Loan: It is an ideal loan when you are considering capital improvement or purchasing property. The loan is flexible, in that it will enable you to choose the option of Interest-Only or Principal and Interest repayments.

Livestock Finance: It is specifically designed to enable you to invest in your livestock breeding. The loan has flexible repayments that can suit you cash flow.

There are other Agriculture loan options available to you, and these are:

Overdraft or Short-Term Finance: The loan type will provide you with the required working capital to fund any short-term production costs and to cover any cash flow shortfalls.

Equipment Finance: The loan type provides you with the options to purchase, upgrade or replace your farm or business equipment. The options are either a finance lease, asset purchase or an equipment loan.

Line of Credit: This is a convenient loan facility that puts you in charge of your finances and you can use the money when and how you want to.

Why Contact a Finance Broker?

Farmers need specialised advice from experts who have the right industry experience as well as having a thorough knowledge of the changing economic and market conditions. If you choose a specialised and experienced finance broker, he/she will:

• Understand fully your financial needs by working closely with your accountant and solicitor

• Ascertain your current financial situation and devise an optimum "Farm Business Plan" for you

• Provide with up-to-date economic data and financial information that will help you sharpen your competitive edge

• Assist you in obtaining funding for any agriculture loans you may be considering

• Ensure you meet all the requirements of specialised lender/credit providers

• Provide you with the required funding options, and

• Help you in choosing the right agriculture loan

So, don’t worry when you need affordable finance for farming business. Contact a finance broker and take his/her help in obtaining quick agriculture loans.

Singh Finance is the perfect financing partner for every business. The firm’s experienced finance brokers will go the extra mile in finding you the pre-approved agribusiness loans. Call on 0424 190 908 for quick approval on business equipment loans and short-term business loans.

Financial Assistance - Best Solutions from Singh Finance

There is no dearth of finance companies and finance brokerage firms in Australia. But, for obtaining the most affordable finance packages and the best services, people have to search a lot. It is because many firms promise things that they don’t deliver.

Luckily, home buyers and business owners can trust one Sydney based finance brokerage firm. Singh Finance is known for its transparent business policies and quick financial solutions.

With so many mortgage advisers to choose from, you may ask - why should you choose Singh Finance for your finance solutions? "Well, the answer is simple," said Singh Finance Compliance and Risk Audit Manager Frank Zelasko. "We not only engage in providing residential mortgage home loans. Singh Finance has a sound record of serving clients who require many other specialised finance products and services," said Zelasko, "with such services as investment property and wealth creation opportunities, commercial and property development opportunities, motor vehicle and truck finance, equipment and fast personal loans, and insurance protection policies."

As with any financial advice, it is wise that you check out Singh Finance first before you start your finance process or you could end up paying more than you need to. "We also have both the expertise and financing solutions to enable you to seek financial assistance from us for any of the specialist finance needs" Zelasko said.

The firm’s finance brokers are all qualified professionals and they are:

• Experts at listening to you, and understanding your needs

• Encouraged to research the best financial product and solution that suits your needs, and ensure that the best financial solution is always provided to you

• Encouraged to continuously study economic trends and changing credit policies for various lenders/credit providers

• Willing and able to provide you with a fast and convenient pre-approval option

Here is a list of few of the several financial and insurance services that Singh Finance provides:

• Investment property loans - Singh Finance can help you get finance for your property investment and wealth creation opportunities

•Construction loans - Singh Finance can help you get the finance to construct your residential dwelling

• Refinance, and Debt Consolidation - Singh Finance can help by refinancing your loans if you are struggling to make ends meet

• Motor Vehicle and Truck finance - Singh Finance will help you in buying a new motor vehicle or truck quickly

• Equipment finance - If you want to expand your business, let Singh Finance get you the suitable equipment finance

• Medico loans - If you are a medical professional, Singh Finance will help you get a medico home loan

• Pharmacy loans - If you are a pharmacist looking to purchase a suitable pharmacy business, Singh Finance will help you get a pharmacy loan

• Development finance - If you are a professional builder or developer, Singh Finance will help you get the development finance you will need for your development opportunity

• Commercial Property finance - Singh Finance can help you to purchase or refinance any type of non-owner occupied commercial real estate, including office buildings and mixed-use commercial buildings and more.

• Personal finance - Singh Finance can help you with any personal finance you may need (e.g. boat, holiday, caravan, motorcycle, solar power, etc.)

• Insurance Protection policies - Singh Finance can arrange to provide you with the required insurance protection cover against any unexpected life events, disaster or accidents (e.g. comprehensive motor vehicle insurance, home & contents insurance and loan & mortgage protection insurance)

"You should seek assistance from Singh Finance as we have both the expertise and financing solutions for you to choose from, " said Zelasko, "you should also have the peace of mind knowing that both you and your finances will be taken care of by a professionally qualified and specialist finance broker, " he said.

Singh Finance is a reputable and respected Sydney-based brokerage firm providing a wide range of specialist finance, mortgage and investment loans, and insurance solutions. If you are looking for faster credit approval and affordable solutions, Singh Finance can be a great option for you.

Good News for Business Owners! Equipment Finance is very easy for you

There is a marked increase in investment in plant and equipment over the first quarter of 2014. We have compared the data for the March Quarter 2014 to the last three months of 2013 and it has disclosed an increase in investment by 2.8 per cent. The current investment in plant and equipment is at $12.6 billion. This is in contrast with corresponding investment in building and structures. The data reveals that even though businesses are reducing investment in building and structures, equipment is still critical in the normal day-to-day business operations.

When you have to make crucial decisions regarding the purchase and replacement of your business equipment, time is the key. You can be successful if you get quick finance. This is where one Australian brokerage firm can help you. Singh Finance ensures faster approval and provides you with affordable financial solutions.

“Our mission is to make business easy for our clients. Singh Finance helps you by getting it right the first time and every other time you do business with us,” said Mr Singh of Singh Finance.

Singh Finance has been a key player in the Australian finance industry for several years. It offers equipment finance for businesses, such as:

• Cars, utilities and light commercial vehicles

• Trucks and buses

• Forklifts, cranes and earthmoving equipment

• Computing and office equipment

• Printing, medical and manufacturing equipment

• Industrial plant equipment.

Singh Finance is popular because of its expert finance brokers who not only understand your financial situation but they also provide you with satisfactory solutions to the problem. Singh Finance will help you get several financing options, such as:

• Equipment Finance

• Commercial Hire Purchase

• Financial Lease

• Chattel Mortgage

• Equipment Rental

“Singh Finance doesn’t want you to spend hours of your valuable time running around trying to source finance for your new business equipment. Our expert finance brokers will provide you with a convenient pre-approval so that you will have the peace of mind,” said Mr. Singh. “This way you will have the upper hand when negotiating the purchase price of your business equipment with the seller,” he added.

Singh Finance is providing the power of fast financial solutions to businesses. Its “Pre-Approval Option” is proving to be a boon for business owners.

Truck Finance - Get the Best Solutions from Singh Finance

Are you looking to buy the first vehicle for your business? Or are you trying to expand the fleet of your commercial vehicles? If you have decided to buy a commercial vehicle like truck or trailer, you will also have to decide on the type of truck finance that will be best for your business.

As a business owner, you must remain in the driver's seat and concentrate on running your business. You certainly don’t have time to spend hours running around trying to find truck finance. So, you should choose an experienced finance brokerage firm like Singh Finance.

“The firm has a team of specialised and professionally qualified finance brokers who will do all the running around for you,” said Singh Finance Compliance and Risk Audit Manager Frank Zelasko. “We not only have a thorough knowledge of the finance and trucking industry but Singh Finance can also customise a suitable truck finance arrangement for you, and we can get you into a new truck quickly and easily,” said Mr. Zelasko.

The finance brokerage firm’s truck loan brokers are:

• Experts at understanding your needs and analysing your budget

• Committed to ensuring that the best truck finance solution is always provided to you, and

• Willing and able to provide you with a fast and convenient pre-approval option

So, if you are deciding to buy a new truck, refrigerated lorry, trailer, tipper or transporter (light or heavy) and you are still undecided as to the right finance arrangement to get, you can contact Singh Finance and avail any of the following truck loan arrangements:

• Finance Lease - This financing arrangement enables you to use of the truck, trailer or any other commercial vehicle and the benefits of ownership, while the lender retains actual ownership

• Commercial Hire Purchase - This arrangement is where you hire a truck, trailer or any other commercial vehicle from the lender

• Asset Loan - This arrangement gives you the security of knowing that your truck, trailer or any other commercial vehicle is an asset of your business

Singh Finance leaves no loose ends when it comes to your financial needs. It works closely with your accountants in finding you the best deal. “When choosing the right truck finance arrangement, independent advice from your accountant is important because, the taxation and accounting treatments you choose may vary from option to option,” Mr. Zelasko added.

Truck finance is extremely crucial because if you don’t find the finance arrangement that suits your budget, you will have to pay more than you need to. You could even end up harming your business. So, it is wise to take help of experts like Singh Finance in choosing the best truck finance for your business.

Non-Conforming Home Loans make Home a Reality for People with Bad Credit

There are many reasons why people get turned down for a home loan by mainstream lenders/credit providers. You may not realise that one of the most common reasons is paying a bill late or defaulting on a loan repayment. Other reasons include having a part 9 debt agreement against you, a bankruptcy, a default on a credit card or a loan or having court judgements against you. Don't despair as non-conforming home loans can give people who have bad credit history the opportunity to buy or refinance a property and rebuild their credit rating. Such home loans are the perfect way of making your dream home a reality.

How do I know if I have Bad Credit?

You will probably have bad credit if:

• You are a Bankrupt

• You have a Part 9 Debt Agreement against you

• You have a Default registered in your name

• You have Court Judgements against you, or

• You have missed credit card, loan or mortgage payments

You should also try and avoid making lots of enquiries/searches for credit as these enquiries/searches will give you an adverse credit history and will also affect your credit rating.

Non-Conforming Home Loans provided by Specialist Lenders

Providing debt solutions is a specialist market and fortunately there are a number of specialised lenders/credit providers that concentrate on understanding and providing the best non-conforming home loan solutions to individuals.

Specialist lenders/credit providers are concerned about responsible lending (i.e. making sure you can afford the repayments and thereby avoid further debts), and also that you concentrate in "rebuilding" and "repairing" your credit rating.

Effectively, specialist lenders/credit providers will:

• Assess each person independently and on a case-by-case basis

• Consider your potential to repay the non-conforming bad credit home mortgage rather than just look at your history

• Assess when and why your credit problem occurred

• Assess who you defaulted against and what has happened since, and

• Consider your explanation as to the reason of your bad credit or default, etc.

Acceptance and Documentation

The main documents that will help in determining your acceptance by the specialist bad credit lenders /credit providers will be:

• Your proof of income

• Your secure and permanent employment, and

• Your proof of recent loan or mortgage repayments

Seek Expert Advice

You will find it useful to seek expert and specialist advice from a professionally qualified finance broker who has a thorough knowledge of the credit policies and standard requirements for non-conforming home loans. A specialist bad credit finance broker will give you impartial advice on the best non-conforming home loan available. And they will also help you contact specialist lenders/credit providers who will be sympathetic to your situation.

So, don’t worry if you have bad credit history and want to buy a house of your dream, contact a special lender/credit provider and make it a reality with non-conforming home loan solutions.

Singh Finance is the perfect Australian brokerage firm for bad credit buyers. It not only offers bad credit home loans with default history but also provides quick approval on home loans for discharged bankrupts. Call on 0424 190 908 for more information.

Guide for Easy Understanding of Different Types of Land Titles

Each state and territory has a central register of all the land in the respective state and territory which, shows the owner of the land. Each state and territory Land Titles Registers provide search facilities.

What is a Land Title?

A Land Title can be best defined as being:

• the right of ownership of property, or

• the documents constituting evidence of that ownership

What are the Most Common Title Ownerships?

Here is a list of the most common title ownerships you can encounter in Australia. The list may help when you are deciding which Title applies to any property you are interested in and which Title you may require:

• Torrens Title (also known as Freehold Title), and

• Strata Title

Other Title ownerships you may encounter are Leasehold Title and Company Title.

What is a Torrens/Freehold Title?

Torrens Title is a modern simplified system of land ownership showing title to the land through a document called the Certificate of Title. This document is registered at a central registry (i.e. the government's Land Titles Office). The original Certificates of Title remain in the register, and the duplicates are held by the following parties:

• The Owner

• The Registered Proprietor, Or

• The Mortgagee (i.e. the lender/credit provider)

Interestingly, the greatest number of properties in Australia fall under the Torrens Title system as this system covers almost all Residential Title and most Commercial Titles.

What is a Strata Title?

Strata Titles form part of what can be called Strata Plan Developments and these Titles are commonly found in the following buildings because, a Strata Title allows for parts of the building (referred to as "Lots") to be owned by different owners:

• for Home Units/Apartments, and

• for Townhouses

What are the Most Common Strata Plan Developments?

Here is a list of developments that can exist under a Strata Plan:

• Residential

• Commercial

• Retail

• Mixed use (i.e. retail and/or commercial and/or residential)

• Serviced Apartments

• Retirement Villages

• Caravan Parks, and

• Resorts

What is Common Property?

Any part of a building in a Strata Plan Development that does not form part of the Home Unit/Apartment or Townhouse forms the Common Property. The Common Property can consist of any of the following areas:

• Roads, Driveways, Pathways, Fences and Gardens

• External Common Walls and Roof

• Stairways and Entrance Halls

• Meeting Room, and

• Recreational Facilities (e.g. Tennis Court, Golf Course, Swimming Pool, Gym, Sauna, etc.)

What is the Responsibility of a Strata Owner?

Common Properties are owned by all strata "owners" in proportion to their unit entitlements. The Common Properties are managed by the Body Corporate or Strata Company, and each owner is responsible for the Common Property and will share in the cost of upkeep and maintenance of the Common Property areas.

How is a Torrens Titled Lot different to a Strata Titled Lot?

Here is a list of differences between a Torrens Titled Lot and a Strata Title Lot:

Torrens Titled Lots are:

• Created under the Transfer of Land Act 1893, and

• The Transfer of Land Act does not allow for implied easements

Strata Titled Lots are:

• Created under the Strata Act 1985

• The Strata Titles Act allows for sharing of access to services and maintenance of such services (i.e. water, sewerage and electricity), and

• These services can pass through Common Property and other lots in the Strata Development Scheme

Are there any Common Features between a Torrens Title and a Strata Title?

Yes, there are some common features, such as:

• A Strata Title is as secure as a Torrens Title

• Both Titles can be bought, sold and mortgaged, and

• Both Titles have permanent tenure

What is a Leasehold Title?

Interestingly:

• Leasehold is the method utilised over government properties held in rural areas (e.g. the large cattle or wheat properties that are held under long-term or perpetual lease, and

• At times, the state governments may decide to subdivide and release the above rural properties if the area became desirable for residential development

• All land is held under "Leasehold" in the Australian Capital Territory (ACT), and

• Some old church properties are also tenanted as "Leasehold."

What is a Company Title?

There is little known about this type of title amongst the general public. The little information known is that:

• Company Titles originated almost a century ago but may still be present in some areas, and

• In a Company Title, a company will be the owner of the company complex.

What Title Tenures Apply to Retirement Villages?

There are a number of very good Retirement Villages offering different types of tenures. However, the most common Titles in Retirement Villages are:

• Freehold Titles, and

• Strata Titles

So, now that you have read about Land Titles, I hope you have a good understanding about different types of Title Ownerships. However, it is always wise to seek expert legal advice if you still require further information on Title Ownership and what Title applies to your desired residence.

Now that you know about the Land Titles that can apply to any property you are interested in, make a quick property purchase with Singh Finance. The finance brokerage firm’s finance experts will help you in getting cheap investment property finance. Contact the firm today for easy approval on no saving home loans.

You will benefit by reading about Vacant Land Loans here

Some people prefer to buy a vacant block of land released for sale in new housing estates or sub-divisions and then have a home built on the vacant land according to their plans and requirements.

How do Lenders/Credit Providers treat Vacant Land Loans?

Most lenders/credit providers treat vacant land loans like any standard or normal loan. So when you offer vacant land as security you will be able to get a standard or normal loan. However, the lenders/credit providers will require that:

• The size of the block of land does not exceed a certain acreage ( i.e. this will depend on the policy of each lender/credit provider)

• The land is preferable inside major cities and regional centers as well as rural vacant land in lifestyle locations

• The land must have direct access using all-weather road. Dirt roads are acceptable as long as they are well maintained, and the property can be accessed by a standard vehicle, not a 4WD

• The land must be within the range to be connected to the electricity grid without excessive costs

• Town water and sewerage services are not required as many Australian properties have tank water or septic tanks instead

• Fully serviced and partially serviced blocks are both acceptable, however some lenders/credit providers will not approve a loan for more than 80% of the value of the property if you are unable to connect town water

• The land can be zoned rural, rural residential or the equivalent for your state or territory

• The maximum Loan to Value Ratio (LVR) for a vacant land loan is 97%. Most lenders will lend you up to 90% LVR on standalone vacant land as security

Loan Products Available for Vacant Land Loans

You must contact a reputed brokerage firm that has access to many lenders/credit providers. Its professionally qualified and expert finance brokers will assist you in choosing any of the following products:

• Standard Variable Loan

• Fixed Rate Home Loan

• Basic Home Loan

• 100% Offset Loan

• Guarantor Home Loan

• Line Of Credit Loan

• Low Doc Home loan

• Non-Genuine Savings Loan

• Refinance Home Loan

• Bad Credit Home Loan

• Construction Loans

Do I have to Build or Construct on Vacant Land?

Some lenders/credit providers will take vacant land security with no need to construct on the property in the short or long term. However, some lenders/credit providers will require you to build a house on the property (e.g. within 6-12 months of settlement). When choosing a vacant land lender/credit provider you should consider this aspect as it could force you to refinance or change lenders within 12 months of settlement if you have no intention of building on it.

Can I get a Low Doc Vacant Land Loan?

Yes, you can get a low doc vacant land loan with a specialised lender/credit provider. However, each lender/credit provider will use different low doc assessment methods, which can include any of the following;

• With BAS Low Doc

• No BAS Low Doc

• Accountants Letter Low Doc

• Trading Accounts Low Doc

• Income Declaration Low Doc

Can I Get Pre-Approval on Vacant Land Loans?

Yes, an expert finance broker can arrange pre-approval for you. You will have the peace of mind knowing that:

• You have a clear picture of what your borrowing limits are

• Your finance request has already been pre-approved, and you will know the conditions of your pre-approval

• You have the upper hand when negotiating the sale price of your vacant block of land with the vendor, real estate agents, etc.

So, these are the reasons why getting a pre-approved vacant land loan will be beneficial for you. The current low-interest rates have never made it as easy as now for you get a vacant land loan. So, do not wait anymore. The time is NOW!

If you are interested in finding out more on vacant loan loans or any other kind of low rate residential finance, simply make an appointment with Singh Finance. The firm’s home loan experts will guide you in choosing the best residential finance package.

Quick Answers to your Questions regarding Loan Protection Insurance

Loan and mortgage protection insurance is designed to help you, and your family keep up-to-date with your loan repayments, when life events happen unexpectedly and regardless of mitigating circumstances. Put simply, mortgages or loans are often long-term commitments, so it makes sense to protect them.

Do You Think About the Unexpected?

There are a number of reasons why even the most responsible money managers may get into financial difficulty. Any of the following reasons can strike at any time and will leave you struggling to make your loan repayments:

• Change in health - due to sickness, injury or disease

• Loss of income - due to involuntary unemployment, or

• Death and Terminal illness - when cancer, stroke or heart attack, etc. may occur.

Loan and Mortgage Protection Insurance - The Benefits

There are a number of benefits you can get from having a loan and mortgage protection insurance plan in place, which include:

• The premiums are fully tax-deductible

• Financial protection (you will save your family the worry of lost income)

• You will save at tax time (you will get more money back in your tax return, and this means more money in your pocket)

• You can choose how long you would like to receive cover benefits if you are injured and unable to work

• Benefit payouts for total and permanent disability

• A benefit amount (e.g. hospital cash) can be calculated for each night you spend in hospital

• Associated accident costs can be provided to cover incidental costs (e.g. counseling and rehabilitation).

Common Questions regarding Loan and Mortgage Protection Insurance

Is Lenders Mortgage Insurance (LMI) different to Loan and Mortgage Insurance?

• LMI - is compulsory and covers the lenders/credit providers if they lend you 80% or more

• Loan and Mortgage Protection Insurance - covers your mortgage repayments in the event of death, sickness, unemployment or disability

Does the Unemployment Benefit apply if I am Self-Employed?

Yes. You may make a claim if:

• You have worked in your business (for an average of 20 hours per week) for 180 days immediately prior to becoming unemployed, or

• Your business has permanently ceased trading

What Happens to my Policy if my Unemployment Claim is Successful?

Your cover continues for death or terminal illness after making a successful unemployment claim, and your premium and benefits will remain the same.

Who will be the Beneficiaries?

• For a single life policy, the benefit will be paid to the policy owner or their estate, and

• For a joint policy, the benefit payments are made to the policy owners jointly or to the surviving policy owner in the case of the death benefit

What happens if I need to make a Claim and I have other Insurance Policies?

Upon acceptance of your claim, the loan payment protection insurance policy will payout a lump sum benefit directly to you or your estate and this will be in addition to any other payments you may receive from other insurance policies.

What if I am a Smoker now, will my Premium Change if I Stop Smoking?

• Yes. Your premium can be changed to a non-smoker rate if you stop smoking for 12 consecutive months, and

• You will need to make a declaration that you have not smoked any substance during this period

So, now that you are familiar with how "Loan and Mortgage Protection Insurance" can protect you and your family against any of life's unexpected events, contact an expert insurance broker. He/she will understand your situation and suggest the best possible insurance policy for yourself.

Singh Finance is the perfect solution for your finance and insurance needs. The firm will help you in getting affordable home finance packages. It will also make sure that you get the best loan protection insurance policy. Contact Singh Finance and get ready to make your life less stressful.