Types of Equipment Finance - Part 2
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Equipment finance can be split into two broad categories - lease and non lease. 
The lease category includes finance leases, operating leases or rentals, and novated leases.
The non-lease category includes Hire Purchase and loans (often referred to as Chattel Mortgages).
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Mortgage
Planning Course - Client Results! |
 Although the first Advanced Course in Mortgage Planning was only run a couple of week ago in Sydney, brokers who attended, now called
Mortgage Planners, are already receiving results and helping clients to achieve
their financial goals.
Here's an email received this week from Lorraine Lyford, one
of the first Mortgage Planners.
"I'd like to share my
feedback from an appointment I had yesterday.
The couple were
referred to me by a colleague and I was confident after our first telephone
discussion, that not only could we help improve their financial situation, but
they were great candidates for the Power Saver Mortgage, a full Mortgage plan
and the budget software.
They are a couple approaching 50, have raised
2 boys, now 19 and 22. 18 months ago she was unfortunately diagnosed with
Thyroid cancer and her recovery and treatment meant she was out of work for approx.
12 months. The obvious strain on their finances resulted in 2 credit card debts
totalling $55K.
He in particular is very keen to plan for
creating wealth through property, while she acknowledges that he is probably
right, she still has some concerns.
During our
discussions, I showed her the demo Mortgage Plan and she immediately saw the
benefits and said how much she loved it.
He was at this stage
perhaps thinking they didn't need the budget software but once they both looked
at how detailed the Plan was and we talked more on the benefits of the loan
structuring etc they were both keen to progress.
This refinance will take them up to 70% of
estimated value, and also gives them a $20K buffer for emergencies. They both thought that was a fabulous idea for
peace of mind.
I was with them for a
total of 2 hours and left feeling very satisfied that I found a solution that I
believe will work beautifully for this couple.
All in all a great
result for all concerned. I am looking forward to getting the loan approved and
with the plan and software they are on the way to achieving their goals."
Lorraine Lyford - Iden Group
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| Predictivetext
Media Marketing |
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Predictivetext Media Marketing offers a comprehensive
solution for finance professionals who want to take advantage of the new media.
The business is run by Tim Neary who has 16 years experience
in the finance industry; both as a BDM on the road and as an editor and
journalist working on trade magazines and online sites catering to the mortgage
and home loan market.
Predictivetext combines Tim's uniquely tailored experience
to offer social networking strategies to working mortgage brokers and others in
their professional referral network.
They are sold through either the PREDICTIVETEXT New Media
Box; which includes a customised corporate blog and integrated Facebook and
Twitter accounts, or the PREDICTIVETEXT Content Box to provide ongoing
management of your social media sites.
To learn more about Predictivetext Media Marketing please
visit www.predictivetext.com.au, or call Tim directly on (02) 9939 8771. |
| NEWS BITES |
Non-core products gain favour
- Broker News
 Mortgage Choice
franchisees are profiting from selling products other than mortgages..Read More
Brokers trip up on credit rep applications
- Broker News
Small to medium
broking businesses are at risk of having to stop writing loans if they fall for
a common mistake when applying for credit representative status under new
national licensing laws..Read More
Cash flow causing collapses
- Broker News
Cash flow is the
main culprit behind a higher than average number of debt defaults in June..Read More
First home buyers make slow return
- Broker News
The latest mortgage
figures from AFG have revealed that first home buyers are returning to the
housing market..Read More
Commercial lending re-awakens
- The Adviser
Banks are starting
to show more confidence in approving loans for commercial property purchases..Read More
Diversification gathers pace: new report
- The Adviser
More than two thirds
of brokers now offer a diversified product range, recent research conducted by
The Adviser has revealed..Read More
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