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Deposit Bonds

It’s a Bond, Deposit Bond. So you have found a property you want to purchase, but you face a dilemma: Your savings are locked in a term deposit or are tied up in the equity of your property. How do I purchase a property when I cannot access my cash? A simple solution to this may be to have a Deposit Bond. Deposit Bonds are an insurance policy that indemnifies (or guarantees) that you, the buyer, will have the deposit available at settlement. There are two type of deposit bonds: A Short Term Bond or A Long Term Bond Different criteria apply for short-term and long-term deposit bonds….

Chicken or the Egg – Bridging Finance Explained

When thinking of relocating, either to downsize, upgrade or to move interstate, a question often asked is: “Do I sell first then buy or do I buy first hope I sell during my settlement period?”   Bridging finance may be an answer to this.   But, what exactly is Bridging finance?   Bridging finance is a loan structure that allows you to fund your new purchase whilst selling your current home. Bridging finance, often called ‘relocation loans’, last between 6 to 12 months time, depending on the lender. There are three types of debt that is referred to with Bridging finance:   Peak Debt Where the…

Turning No into YES!

There is a lot of excitement about saying YES! It certainly is a buzzword for many things right now, including marriage equality of which Pink Finance – 100% supports. This is why we partnered with the Star Observer to show how we have turned No into YES! Nothing is sweeter than being able to call up a client to say CONGRATULATIONS your loan is approved. Sometimes it is not always smooth sailing and there needs to be a second lender involved. There have also been times that a new customer has come to me seeking a second opinion where they…

Thoughts on the ABC 4 Corners program on the Australian lending industry

I felt compelled to comment and share my thoughts following the ABC 4 Corners Program on 21st August. This broadcast was grossly negative on our industry, the property market and unethical / bullish practices from brokers and lenders. Whilst I do not disagree about the concerns about increasing home prices,

We’re finalists! 2017 Women in Finance Awards

We’re over the moon to have been announced as Finalists in the 2017 Women In Finance Awards! The Women in Finance Awards is an exciting program that identifies the leading women across financial services, from business leaders and mentors, to skilled investment managers, to client-centric accountants, financial advisers and mortgage brokers. With 28 categories spanning this energetic industry, we are so pleased that we are Finalists in not just one, but THREE categories: Mortgage and Finance Broker of the Year Principal of the Year Womens Community Program of the Year Each of these categories is special to us, and we’re…

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Get in touch with us today.

0414 633 793    nicole@pinkfinance.com.au
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