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Showing posts from November, 2020

Fixed or Variable Rate Home Loans- How to Find the Best Option?

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Buying a property is one of the biggest investment decisions which a person makes in his life. Therefore, it is important to make sure that person is taking all the right measures while making this investment decision. One crucial element upon which the buyer should pay most of his attention involves deciding the type of home loan which perfectly suits his financial requirements. Usually, there are two major types of home loan options trending in the market these days- variable rate and fixed rate loans.   Majority of all the banks' and several other finance lending institutions offer both variable and fixed rate loans in Australia . But in order to decide which loan is right for you, it is essential to have a clear understanding about both of these loans. Here in this article, we’ve described the meaning and features of both variable and fixed rate loans and what factors you should consider while making a choice between these two.   Fixed rate home loans  A fixed rate loan refers

What are Commercial Real Estate Loans in Australia

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 A commercial real estate property is the one that allows business owners to buy, or conduct work on a commercial property. Likewise, the commercial real estate loans are used by people and business owners to establish income-producing properties for business use. These loans can be considered as a type of commercial property loan that is secured by a lien on the commercial property. This loan provides funds that can be used for making investments only in business premises and space.   Examples of eligible commercial real estate properties include:  office space  retail stores  factories  warehouses  shopping centers  industrial sites  residential unit blocks  specialist properties (medical centers, restaurants or apartment complexes)  There can be many possible reasons for taking a commercial real estate property loan . Besides from just purchasing new or existing business properties, these loans can also be used to develop, construct or renovate a physical property or the land. In a