Whether you're about to buy your first home, upgrade, invest, start a business or retire, our money management blog covers everything you need to know to make smart financial decisions.
Posted by Mark Attard
on 21 March 2018
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MEET THE TEAM
With the new office space up and running, we are excited to introduce to you seven new faces who have joined the FinancePath team. It's an exciting time for us as we invest in our team, as it means we have more people to help you our clients reach your goals. Rather than give you the usual career bio of our new starters we thought we'd ask them some more personal and interesting questions to help you get to know them.
Matt Cha...
Posted by Chris Collard
on 6 December 2017
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Like most things at the moment the Banking Royal Commission seems like it has been hanging around for ages with no one willing to take the lead. The will they, won't they question was finally answered early this week when the government announced they will conduct a Royal Commission into the banking sector.
You may have read about it and seen the headlines and I'm sure you're asking, so what does all this mean and how will it affect me? Let me try and break it down.
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Posted by Mark Attard
on 12 September 2017
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The main difference between a Chattel Mortgage and a Consumer Loan is that a Chattel Mortgage is a business use loan product which means the vehicle must be used predominantly for business use, which is 50% or more business usage.
The outcome of each of the loan products is the same in the sense that the financier lends you the funds and takes a financial interest or mortgage over the vehicle, which means that you own the vehicle from purchase date.
If you qualify for a Chattel Mor...
Posted by Mark Attard
on 12 September 2017
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It is very important to understand the difference between commercial and consumer finance in Australia before you sign any contracts. Below are some of the key points of difference between the two you must be aware of and understand.
Protection
The difference in protection for borrowers of consumer and commercial loans is significant. The law provides the highest level of protection to consumers borrowing for household purposes such as personal loans, car loans, home loans, credit ...
Posted by Chris Collard
on 31 August 2017
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Our concerns and fears were cleared in one phone call.
We had recently sold our home and were looking to move closer to the family as we have a new grandchild.
Our present bank stated that due to our income, age and Noel's change in work situation we could not borrow to buy our new home. This did not make sense to us as our new home purchase would be less than what our present loan was. We had some concerns as we had gone unconditional on the new purchase contract a...
