El documento presenta citas de Ralph Waldo Emerson y León Tolstoi sobre la autoestima y la felicidad, respectivamente. Luego enumera algunos personajes importantes como Emerson, Beethoven y Fuentes, y proporciona 7 pasos para convertirse en un personaje importante, que incluyen fijar metas, aprender, escuchar ideas positivas y compartir conocimientos.
The document is a class notebook on calculating percent increase and decrease. It includes examples of calculating the new value when given an original value and a percent increase or decrease. It also includes examples using real world data like the number of students using a college application system increasing 10% or a company's bookings decreasing 35% from the previous year. The document provides formulas for calculating percent increase and decrease and practice problems for students to solve.
The document summarizes key provisions of the American Taxpayer Relief Act of 2012, also known as the "Fiscal Cliff Deal":
1) The Social Security tax rate was increased back to 6.2% for employees. 2) The Alternative Minimum Tax was permanently fixed and indexed to inflation. 3) The estate tax increased to 40% for estates over $5.12 million individually or $10.24 million jointly. 4) A new top income tax bracket of 39.6% was created for individual incomes over $400,000 and joint incomes over $450,000.
The document summarizes Tereos Internacional's financial results for the first quarter of the 2013/14 fiscal year. Major reporting changes include adopting a new accounting standard that requires joint ventures to be equity accounted rather than proportionally consolidated. Segment information is now presented on a standalone and contributive basis. The results show a 17.6% increase in revenues driven by higher sales volumes in Brazil and higher prices in Europe. Adjusted EBITDA increased 56.7% to R$210 million due to recovery in the Brazilian business from higher production volumes and cost dilution, as well as improved results in other segments.
El documento presenta citas de Ralph Waldo Emerson y León Tolstoi sobre la autoestima y la felicidad, respectivamente. Luego enumera algunos personajes importantes como Emerson, Beethoven y Fuentes, y proporciona 7 pasos para convertirse en un personaje importante, que incluyen fijar metas, aprender, escuchar ideas positivas y compartir conocimientos.
The document is a class notebook on calculating percent increase and decrease. It includes examples of calculating the new value when given an original value and a percent increase or decrease. It also includes examples using real world data like the number of students using a college application system increasing 10% or a company's bookings decreasing 35% from the previous year. The document provides formulas for calculating percent increase and decrease and practice problems for students to solve.
The document summarizes key provisions of the American Taxpayer Relief Act of 2012, also known as the "Fiscal Cliff Deal":
1) The Social Security tax rate was increased back to 6.2% for employees. 2) The Alternative Minimum Tax was permanently fixed and indexed to inflation. 3) The estate tax increased to 40% for estates over $5.12 million individually or $10.24 million jointly. 4) A new top income tax bracket of 39.6% was created for individual incomes over $400,000 and joint incomes over $450,000.
The document summarizes Tereos Internacional's financial results for the first quarter of the 2013/14 fiscal year. Major reporting changes include adopting a new accounting standard that requires joint ventures to be equity accounted rather than proportionally consolidated. Segment information is now presented on a standalone and contributive basis. The results show a 17.6% increase in revenues driven by higher sales volumes in Brazil and higher prices in Europe. Adjusted EBITDA increased 56.7% to R$210 million due to recovery in the Brazilian business from higher production volumes and cost dilution, as well as improved results in other segments.
This document provides tips and advice about financing property investments. It discusses various topics like first home owner assistance programs, construction loans, credit scoring, loan structures, lenders mortgage insurance, buying at auction, offset accounts, and making extra payments. Throughout, it highlights potential pitfalls ("traps") to watch out for, such as ensuring pre-approvals cover both the borrower's ability and the specific property being purchased. The overall message is to be aware of financing options and their implications to make informed financial decisions around property investments.
This document provides information about lending options for self-managed superannuation funds (SMSFs) to purchase investment properties. It outlines that SMSFs can now borrow up to 70% of a property's value for residential properties and 60% for commercial properties. The loans are secured by the property and serviced by rental income, with limited recourse only to the property if the SMSF defaults. Key benefits include accelerating wealth accumulation through gearing and accessing tax benefits. The target market is SMSFs allowed to and wishing to use debt for investments.
This document discusses the benefits of property investment in Australia. It notes that property has averaged 5-8% capital growth over the last 30 years due to steady demand and limited supply. The key benefits of property investment are outlined as gearing/leverage, positive cash flow from rent payments and tax deductions, and long-term capital growth. The document recommends working with a team of specialists including a mortgage broker, accountant, solicitor, and property investment specialist when getting started in property investment. It also describes software that can analyze the viability and projected performance of specific investment properties.
This document summarizes a non-genuine savings (rental) policy for obtaining a home loan. The policy allows rental payments to satisfy the minimum 5% deposit requirement if 12 months of continuous rental history can be demonstrated. Borrowers still need funds to complete the loan transaction, which can come from other sources than savings. With 3-12 months rental history, borrowers can use funds from sources like bonuses, inheritances, or asset sales, but are limited to loan-to-value ratios of 90-95%. The policy aims to help renters purchase homes and considers rental payments as evidence of ability to make regular financial commitments.
A novated lease is a salary packaging arrangement where an employee leases a vehicle through a finance company and the employer agrees to make the lease payments from the employee's pre-tax income. The employer takes over the employee's obligations under the lease agreement. This allows the employee to benefit from tax savings while having use of a vehicle. However, if the employment ends the obligations revert back to the employee. Novated leases provide benefits to both employees and employers, with employees gaining choice of vehicle and tax savings, and employers able to offer a competitive remuneration package.
This document provides information on different types of mortgages. It explains that a mortgage is a loan used to finance the purchase of a property, with the property serving as security. There are two main types of mortgages: line of credit loans and term loans. Term loans have fixed interest rates that remain the same for a set period, providing payment stability but less flexibility. Variable rate loans fluctuate with the market but offer more flexibility to make payments. The document advises speaking with a lending specialist to determine the best option based on individual repayment goals and property ownership timeframe.
This document provides information about obtaining financing for management rights businesses. It discusses that the author, Jon Colley, has 15 years of experience assisting management rights operators with financing. Jon can help structure financing packages to support purchasing and running a management rights business. It emphasizes the importance of working with specialists that understand the complexities and needs of management rights businesses, such as obtaining merchant facilities. Finally, it notes that the amount that can be borrowed depends on the individual circumstances, but most lenders consider loan-to-value ratios of 55-65% of the management rights value and 80% of any residential property, as well as debt service ratios.
(1) A Go-Between Loan allows a homeowner to purchase a new home before selling their existing home. (2) It provides up to 100% financing of the new home plus fees, with no loan repayments required on the new home for up to 6 months. (3) Once the existing home is sold, the funds must go towards paying off the original loan first before reducing the balance of the new loan as specified in the contract.
Jason and Sarah want to buy their first home for $380,000 but do not have the required 5% deposit. With a family guarantee loan, Sarah's parents can pledge $80,000 secured against their own home to help Jason and Sarah obtain a loan for the full purchase price plus costs of $384,000. This allows Jason and Sarah to avoid paying mortgage insurance and to borrow more than the bank would normally allow based on the property value alone. If Jason and Sarah default on the loan, Sarah's parents would only be responsible for the $80,000 portion secured by their guarantee.
This document discusses the pros and cons of cross-collateralizing property loans. Cross-collateralization occurs when multiple properties are used as security for a single lending portfolio. While it provides advantages like lower interest rates, cross-collateralization also poses disadvantages for serious property investors, such as lack of flexibility and control over the portfolio. The document analyzes the disadvantages in depth and concludes that while cross-collateralization may be suitable for some, serious long-term investors are generally better off with their loans structured separately without cross-collateralization.
Your credit score is calculated by computers using information from your loan application and credit file to assess your risk level for lenders. It considers your credit history with missed payments or defaults negatively impacting your score, as well as factors like income, assets, debts, and loan purpose. You can obtain a copy of your credit file from Veda Advantage to check for any adverse listings that could negatively affect your credit score and home loan application.
The document discusses credit files and how they can impact loan applications. It explains that credit files contain an individual's credit history and payment records, which lenders use to determine loan risk. The files include details like addresses, debts, defaults, and bankruptcies. Negative information generally stays on record for 5-7 years. Individuals can obtain free copies of their credit file from the credit agency to check for errors and dispute inaccurate information to improve their chances of loan approval.
This document provides information about construction loans. It explains that construction loans allow borrowing to build a new home and discusses some key things to consider with this type of loan. Borrowers must put equity into the project upfront, builders require deposits before providing plans, and progress payments are made in stages as the home is built. The document outlines the typical stages of construction and progress payments, and stresses the importance of using a reputable builder.
This document provides tips for buying property at auction. It advises that buyers should do their homework by registering interest in properties, obtaining pre-approval for financing, and determining their maximum bid price in advance. On auction day, the highest bidder becomes legally obligated to purchase the property if their bid meets or exceeds the seller's reserved price. Post-auction, the buyer must pay a deposit, insure the property, and use a solicitor for settlement. Overall, the document recommends preparing finances and knowing one's limit before bidding to ensure getting the desired property.
This document discusses different types of car and equipment financing available for businesses. There are four main types: commercial hire purchase, chattel mortgage, lease, and novated lease. For each type, the document outlines the key features, such as whether the customer takes ownership of the vehicle, how payments and taxes are structured, and whether interest rates and payments are fixed. It also provides a comparison table contrasting the features of each financing option to help customers determine which best suits their needs and business.
1. The document provides 20 tips for saving money on home loan repayments, such as creating a realistic budget, paying bills in advance, getting educated on mortgage products, making fortnightly repayments, and bringing lunch from home instead of buying.
2. Implementing some of the tips, like switching to a lower interest credit card or making fortnightly repayments, can significantly reduce interest costs and the loan term.
3. Following all of the tips could potentially save over $100,000 in interest and take 10 years off a $250,000, 30-year loan. The document encourages contacting Loan Wize for assistance in reaching home loan repayment goals.
The document promotes the financial services of Tammy Reid and her company Loan Wize. It summarizes Tammy's qualifications and experience in finance and mortgage broking. Loan Wize offers specialized lending advice and helps clients obtain the best loan rates. Their services include collecting client financial information, negotiating rates, recommending suitable loan products, and managing the application and approval process. The goal is to make the financing process easy to understand and connect clients with the right lender for their needs.
This document provides information about an individual who has over 26 years of experience in the finance industry. They have various qualifications including a Diploma of Financial Services and experience as a financial planner and property developer. They specialize in providing access to over 40 lenders for residential, investment, commercial, and other types of property as well as business and equipment financing. They work closely with accountants and advisers to structure borrowing arrangements to maximize profitability and minimize taxes for clients.
- Property investment can lead to significant wealth creation over the long term if done strategically. While shares have also generated high returns for some, property is seen as a safer investment.
- The key aspects to consider with property investment are which types of properties to invest in, where to purchase, how to structure financing using leverage, and timing purchases to coincide with favorable market conditions.
- Careful planning is needed to manage risks like ensuring sufficient tenants and avoiding oversupply of investors in a local market. With a sound strategy, property can deliver wealth and financial freedom.
This document provides tips and advice about financing property investments. It discusses various topics like first home owner assistance programs, construction loans, credit scoring, loan structures, lenders mortgage insurance, buying at auction, offset accounts, and making extra payments. Throughout, it highlights potential pitfalls ("traps") to watch out for, such as ensuring pre-approvals cover both the borrower's ability and the specific property being purchased. The overall message is to be aware of financing options and their implications to make informed financial decisions around property investments.
This document provides information about lending options for self-managed superannuation funds (SMSFs) to purchase investment properties. It outlines that SMSFs can now borrow up to 70% of a property's value for residential properties and 60% for commercial properties. The loans are secured by the property and serviced by rental income, with limited recourse only to the property if the SMSF defaults. Key benefits include accelerating wealth accumulation through gearing and accessing tax benefits. The target market is SMSFs allowed to and wishing to use debt for investments.
This document discusses the benefits of property investment in Australia. It notes that property has averaged 5-8% capital growth over the last 30 years due to steady demand and limited supply. The key benefits of property investment are outlined as gearing/leverage, positive cash flow from rent payments and tax deductions, and long-term capital growth. The document recommends working with a team of specialists including a mortgage broker, accountant, solicitor, and property investment specialist when getting started in property investment. It also describes software that can analyze the viability and projected performance of specific investment properties.
This document summarizes a non-genuine savings (rental) policy for obtaining a home loan. The policy allows rental payments to satisfy the minimum 5% deposit requirement if 12 months of continuous rental history can be demonstrated. Borrowers still need funds to complete the loan transaction, which can come from other sources than savings. With 3-12 months rental history, borrowers can use funds from sources like bonuses, inheritances, or asset sales, but are limited to loan-to-value ratios of 90-95%. The policy aims to help renters purchase homes and considers rental payments as evidence of ability to make regular financial commitments.
A novated lease is a salary packaging arrangement where an employee leases a vehicle through a finance company and the employer agrees to make the lease payments from the employee's pre-tax income. The employer takes over the employee's obligations under the lease agreement. This allows the employee to benefit from tax savings while having use of a vehicle. However, if the employment ends the obligations revert back to the employee. Novated leases provide benefits to both employees and employers, with employees gaining choice of vehicle and tax savings, and employers able to offer a competitive remuneration package.
This document provides information on different types of mortgages. It explains that a mortgage is a loan used to finance the purchase of a property, with the property serving as security. There are two main types of mortgages: line of credit loans and term loans. Term loans have fixed interest rates that remain the same for a set period, providing payment stability but less flexibility. Variable rate loans fluctuate with the market but offer more flexibility to make payments. The document advises speaking with a lending specialist to determine the best option based on individual repayment goals and property ownership timeframe.
This document provides information about obtaining financing for management rights businesses. It discusses that the author, Jon Colley, has 15 years of experience assisting management rights operators with financing. Jon can help structure financing packages to support purchasing and running a management rights business. It emphasizes the importance of working with specialists that understand the complexities and needs of management rights businesses, such as obtaining merchant facilities. Finally, it notes that the amount that can be borrowed depends on the individual circumstances, but most lenders consider loan-to-value ratios of 55-65% of the management rights value and 80% of any residential property, as well as debt service ratios.
(1) A Go-Between Loan allows a homeowner to purchase a new home before selling their existing home. (2) It provides up to 100% financing of the new home plus fees, with no loan repayments required on the new home for up to 6 months. (3) Once the existing home is sold, the funds must go towards paying off the original loan first before reducing the balance of the new loan as specified in the contract.
Jason and Sarah want to buy their first home for $380,000 but do not have the required 5% deposit. With a family guarantee loan, Sarah's parents can pledge $80,000 secured against their own home to help Jason and Sarah obtain a loan for the full purchase price plus costs of $384,000. This allows Jason and Sarah to avoid paying mortgage insurance and to borrow more than the bank would normally allow based on the property value alone. If Jason and Sarah default on the loan, Sarah's parents would only be responsible for the $80,000 portion secured by their guarantee.
This document discusses the pros and cons of cross-collateralizing property loans. Cross-collateralization occurs when multiple properties are used as security for a single lending portfolio. While it provides advantages like lower interest rates, cross-collateralization also poses disadvantages for serious property investors, such as lack of flexibility and control over the portfolio. The document analyzes the disadvantages in depth and concludes that while cross-collateralization may be suitable for some, serious long-term investors are generally better off with their loans structured separately without cross-collateralization.
Your credit score is calculated by computers using information from your loan application and credit file to assess your risk level for lenders. It considers your credit history with missed payments or defaults negatively impacting your score, as well as factors like income, assets, debts, and loan purpose. You can obtain a copy of your credit file from Veda Advantage to check for any adverse listings that could negatively affect your credit score and home loan application.
The document discusses credit files and how they can impact loan applications. It explains that credit files contain an individual's credit history and payment records, which lenders use to determine loan risk. The files include details like addresses, debts, defaults, and bankruptcies. Negative information generally stays on record for 5-7 years. Individuals can obtain free copies of their credit file from the credit agency to check for errors and dispute inaccurate information to improve their chances of loan approval.
This document provides information about construction loans. It explains that construction loans allow borrowing to build a new home and discusses some key things to consider with this type of loan. Borrowers must put equity into the project upfront, builders require deposits before providing plans, and progress payments are made in stages as the home is built. The document outlines the typical stages of construction and progress payments, and stresses the importance of using a reputable builder.
This document provides tips for buying property at auction. It advises that buyers should do their homework by registering interest in properties, obtaining pre-approval for financing, and determining their maximum bid price in advance. On auction day, the highest bidder becomes legally obligated to purchase the property if their bid meets or exceeds the seller's reserved price. Post-auction, the buyer must pay a deposit, insure the property, and use a solicitor for settlement. Overall, the document recommends preparing finances and knowing one's limit before bidding to ensure getting the desired property.
This document discusses different types of car and equipment financing available for businesses. There are four main types: commercial hire purchase, chattel mortgage, lease, and novated lease. For each type, the document outlines the key features, such as whether the customer takes ownership of the vehicle, how payments and taxes are structured, and whether interest rates and payments are fixed. It also provides a comparison table contrasting the features of each financing option to help customers determine which best suits their needs and business.
1. The document provides 20 tips for saving money on home loan repayments, such as creating a realistic budget, paying bills in advance, getting educated on mortgage products, making fortnightly repayments, and bringing lunch from home instead of buying.
2. Implementing some of the tips, like switching to a lower interest credit card or making fortnightly repayments, can significantly reduce interest costs and the loan term.
3. Following all of the tips could potentially save over $100,000 in interest and take 10 years off a $250,000, 30-year loan. The document encourages contacting Loan Wize for assistance in reaching home loan repayment goals.
The document promotes the financial services of Tammy Reid and her company Loan Wize. It summarizes Tammy's qualifications and experience in finance and mortgage broking. Loan Wize offers specialized lending advice and helps clients obtain the best loan rates. Their services include collecting client financial information, negotiating rates, recommending suitable loan products, and managing the application and approval process. The goal is to make the financing process easy to understand and connect clients with the right lender for their needs.
This document provides information about an individual who has over 26 years of experience in the finance industry. They have various qualifications including a Diploma of Financial Services and experience as a financial planner and property developer. They specialize in providing access to over 40 lenders for residential, investment, commercial, and other types of property as well as business and equipment financing. They work closely with accountants and advisers to structure borrowing arrangements to maximize profitability and minimize taxes for clients.
- Property investment can lead to significant wealth creation over the long term if done strategically. While shares have also generated high returns for some, property is seen as a safer investment.
- The key aspects to consider with property investment are which types of properties to invest in, where to purchase, how to structure financing using leverage, and timing purchases to coincide with favorable market conditions.
- Careful planning is needed to manage risks like ensuring sufficient tenants and avoiding oversupply of investors in a local market. With a sound strategy, property can deliver wealth and financial freedom.
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Fact Sheet: Consumer Car Loan
What is a Consumer Car Loan?
A Car Loan is a personal finance product where the financier lends the customer
funds for the purchase of a vehicle, and secures the loan against that vehicle.
A Car Loan can also be known as a Consumer Loan or a Secured Car Loan.
How does a Car Loan work?
Under a Car Loan the financier advances funds to the customer to purchase a
car.
The customer takes ownership of the vehicle at the time of purchase, and the
financier takes an interest in the vehicle as security for the loan.
Once the contract is completed, the financier lifts their interest in the vehicle,
giving the customer clear title.
Benefits of a Car Loan
• Flexible contract terms ranging from 24 to 84 months (two to seven
years)
• A balloon value can be applied to the contract enabling the monthly
repayments to be tailored to a budget
• Choice of fixed or variable interest rates
• Deposit (either cash or trade-in) may be used
• A tax deduction is available when the vehicle is used for business
purposes
• The loan is secured against the vehicle, allowing lower interest rates
Who does a Car Loan Suit?
A Car Loan is suitable for individuals who wish to purchase a car and do not have
significant business use of their vehicle or the option of Novated leasing (salary
packaging).
Tax Implications of a Car Loan
As a Car Loan is a personal finance product, only normal tax deductions for
depreciation and running costs can be claimed (on a pro-rata basis according to
the percentage of business use).
An informed decision is always the best decision.
If you would like more Details on Car Loans or would like to speak to a Professional
Mortgage Specialist about your personal circumstances, please phone Loan Wize
for an appointment.