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...

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 ...

5 questions you need to ask that will give you the answer. The general consensus is that the property markets especially in Melbourne and Sydney have peaked or are close to peaking and that property price increases in general will be lower than what we have seen over the recent past. Does this mean you put the cue in the rack and wait for prices to slow down or maybe even drop? History would suggest that when prices slow down or drop, within the next couple of years well locate...

A bad credit rating and renting, we thought it was never going to be possible to secure our own home. We had always dreamed of owning our own home but I had a bad credit rating when I was younger.  After renting for so long, the time came yet again when our rent was put up, the house was not worth what they were asking us to pay. The hassle of moving from house to house and the ongoing maintenance that took forever to done, we decided renting was no longer for us. It was time ...

If you're a first home buyer, here's how to tell if your numbers stack up. There's no doubt, this is one of the most frequently asked questions at FinancePath HQ. So, if you're trying to decide whether to keep renting and wait for house prices to cool or buy now. Read on. With the metro Melbourne median house price reaching $822,000 (*reiv), many people are finding it impossible to save the traditional 20 per cent deposit required to purchase their first home.
...