Stay on top of your investment loan and shop around!
If you have an investment property, it is important to ensure that your investment loan remains competitive. If you have an interest-only loan, set yourself a reminder three months prior to the expiry date so you have time to decide your next step. Apart from letting your loan revert to principal and interest repayments, there […]
Buying an Established Practice Vs Setting Up A New Private Practice
If you’re a medical specialist and considering buying your own private practice now or in the near future, you need to consider whether you want to buy an established practice or set up a new practice. Each option will have its own pros and cons, and your decision will ultimately depend on your circumstances and […]
Things to Consider When Purchasing or Starting a Medical Practice
Starting your own medical practice can be daunting. Whether you are setting up a new practice or taking over an established practice, there are things to consider before committing. Location and Client Demographic What suburb do you want your medical practice to be located? How accessible is the location and what is the parking and […]
What Happens After the Interest-Only Period Ends?
Borrowers may choose to pay interest-only on their loan for a specified period of time, subject to the lender agreeing to this. When the interest-only period is due to expire, the monthly loan repayment will revert to principal and interest. When this happens, your monthly repayments will be higher because you are now also paying […]
Interest-Only VS Principal and Interest Loans
When you take out a loan with a lender, the lender will calculate the loan repayment based on the term of the loan (how many years you have taken the loan out over) and the interest rate. The monthly payment will be calculated to ensure the principle (the amount you borrow) plus the agreed interest […]