Getting the finances right for your fledgling business will be the deciding factor in your success. Even with a great idea and plenty of ambition behind it, businesses can fail early on due to insufficient financial planning. Getting the right funding and managing your money correctly will go along way to ensuring that your business succeeds in the long term.

Finding The Funding

After making a thorough business plan and mapping out the route to profitability, most aspiring entrepreneurs find themselves facing the challenge of finding funding to get their business off the ground. There is a range of options available to most business owners when it comes to loans and financing. Here we cover just a few:

• Bank loans
• Credit cards
• Crowdfunding
• Pitching to angel investors or venture capitalists
• Raise money from friends and family, as loans or gifts

To secure most forms of loans or funding for your business, you’ll first need an extensive business plan, a funding request to investors that lays out your financial projections, history and any other relevant data, as well as information about your current business and personal assets. Once you have all of the data and projections necessary to secure funding for your business, you’ll be ready to make important decisions about what form of funding will suit your business needs.

Ask The Expert

Making this decision alone is never an easy task, especially if you’re new to the world of business. Even experienced entrepreneurs can benefit from professional advice at certain points in their career, if only to delegate responsibility to someone accustomed with financial planning and budgeting.

When you’re seeking funding for a new business, an experienced and professional financial adviser is even more essential. Here at Peter Dunn Finance, we offer a range of financial services that can help you on the road to making your business dreams a reality. We’ll sit down with you one-on-one and analyse your needs in detail, from your business plan to your financial needs and projections. We’ll give you objective and non-biased advice as to which form of funding will be best to get the capital you need, and will offer a range of loans and lending solutions with the best interest rates available.

Going through the endless lists of loans and rates on the market can be confusing and time consuming for most, so let us do the hard work for you. We’ll narrow down your options and give you the guidance you need to make your business work.

If you want to have complete control over your finances whether you are searching for the perfect home loan ,funds for your business, student loan or want to fill that last shortfall that keeps you from going on your long-awaited holiday, Peter Dunn finance can help you in any way. The competitive rates start from 3.71% and pre-approvals are available in less than 48 hours from over 20 different lenders.

Peter Dunn has been a finance and mortgage broker in Perth, Australia for over more than a decade with over 35 years of experience in accounting. With the long experience in the business and unrivalled industry knowledge Peter Dunn finance is equipped to find the best solution to your enquiry. The finance company is recognised as one of the best mortgage brokers in the industry. Finding the right loan can seem like an impossible task if you are not supported by the professional guidance of mortgage brokers. Peter Dunn finance takes the time to properly identify your needs before helping you minimise the hassle of the entire process.

From commercial property mortgages to interest-only home loans, we are here to help you lower the costs and set yourself up for success. The Peter Dunn finance has been recognised twice as a Sales Master by the Professional Lenders Association Network along with the Buyers Choice Mortgage Professional award. Whether you are looking to finance equipment, your business or anything else, we have the resources and the knowledge to guide you towards the best financial avenue.

The Peter Dunn finance services are based on building a lasting relationship with you. You can contact online at peterdunnfinance.com.au or call 0427 947 480 to make an enquiry and schedule a time to come and see us in person. Peter Dunn finance has qualifications such as a Diploma of Financial Services- Finance Broking Management and Financial Planning. Peter Dunn himself has served the Perth Metro Area for over 12 years. His previous experience of over 10 years as a Finance Broker and having owned and operated small businesses for 15 years his great knowledge will deliver a wealth of skills to you. He also worked for 20 years as a part of the management team in finance and accounting Australia’s largest telecommunications company. He has been twice recognised by the Professional Lenders Association Network as one of their Sales Masters and also received the Buyers Choice Mortgage Professional award in 2011.

When working with the Peter Dunn finance a variety of loans is available for you. The Lo Doc Loans require less documentation than standard home loan offerings. They are ideal for the self-employed and those with more complex financial structures. Home to Home Loan is perfect if you own an existing property and are looking to purchase an established home or constructing a new one. The products are based on short term finance to provide the ability to purchase a new property prior to the sale of an existing one. The Line of Credit Loan is an interest only variable rate home loan based around the equity you have in your property.

A limit is established based upon the value of your property and you are then able to use the Line of Credit facility up to the approved limit, just like you would use a credit card. The Variable Rate Loan is the most flexible of all loan types. It allows additional repayments, redraw and offset facilities. Variable rate products vary in flexibility with the Basic Variable rate home loan generally offering less flexibility than the Standard Variable Rate home loan. Interest Only Home Loan is also available for you to navigate the right method of finance to purchase property.

Whether you are planning to explore your options in the realm of finance, or just looking to engage in the unfamiliar world of investments. From the gigantic leap of getting a loan for your dream house, or simply organising your finances to turn that much deserved holiday into a reality, a Finance Broker plays a vital role in guiding you in these processes with their immense knowledge regarding the complexity of the finance industry. They can provide you with important inputs, information, impart ideas and if required contingency plans, thus, saving you a lot of precious time and money that could have been wasted if you had pursued the wrong path.

Standing tall from a multitude of finance brokers is Peter Dunn Finance, with over 12 years of exemplary performance in finance and mortgages, as well as over 35 years in accounting, business and finance. The company is renowned as one of the best mortgage brokers in the industry; they take the time to identify your needs before helping you minimise the hassle of the entire process. They intend to help you lower costs and set yourself up for success without suffering a drastic lifestyle change. Peter Dunn Finance has been recognised twice as a Sales Master by the Professional Lenders Association Network along with the Buyers Choice Mortgage Professional award. These awards and recognitions serve as a genuine proof of their hard work and dedication in putting their clients first and helping them to achieve the best position they can have.

Peter Dunn Finance has been serving the Perth Metro Area and has been improving lives for many years with their unrivaled knowledge in the finance industry. Offering clients solutions ranging from home loans, line of credit, lo doc loans, home to home loans, variable rate loans, commercial property mortgages, boat finance, business finance, caravan finance, to, equipment finance. The company is backed by years of expertise and equipped with talented and confident finance brokers, all with the resources to help their clients find the best possible solution to their present needs.

Over the years, Peter Dunn Finance has remarkably developed a connection of trust between themselves and their many happy and fulfilled clients who continue hiring their services over and over again. With low competitive rates, fast pre-approvals and a strong network of different lenders, it’s time for you to contact Peter Dunn Finance and take control of your finances!

When it comes to the arranging your home loan, the benefits of going through a well-credentialed broker are endless. Trying to do find the right lender and loan to suit your needs by yourself is a stressful and never-ending process, and often means never-ending paperwork as well.

Going through a broker guarantees peace of mind and a hassle-free experience. A good mortgage broker is one that comes with many years of experience navigating Australia’s tricky primary mortgage market, particularly for first home owners. With interest rates in Australia sitting at historically low levels, there is no better time to secure a mortgage — and having the right mortgage broker taking care of you ensures that you will get the best deal available on the market.

Some of the benefits of securing your home loan through a mortgage broker include:

• Expert advice based on your circumstances. As financial experts, your mortgage broker is able to quickly and accurately evaluate your financial circumstances, and make appropriate recommendations accordingly. They will be able to determine what lenders and products best fit your profile, minimising the risk of being stuck with an inappropriate home loan.
• In-depth knowledge of the home loan market.Mortgage brokers have an intrinsic understanding of the Australian market, and are up to date with the wide range of different products that are available and the most recent developments in the home loan market. Their experience gives them the ability to instantly able to spot a good deal, and also means they have developed relationships with an extensive network of mortgage lenders, allowing them to find the best lender for your needs.
• Going through a mortgage broker is cost-effective.In Australia, employing the services of a mortgage broker does not usually require paying exorbitant fees, and sometimes does not require fees at all. Instead, brokers are usually paid commission by lenders for referring customers to them.
• Makes the process much simpler and less stressful.Brokers do the majority of the heavy lifting when it comes to securing your home loan. Arranging a mortgage can be an arduous process involving lots of stressful tasks, including securing pre-approval, applying for government grants and filling in mountains of paperwork. Your broker will take care of all of these inconveniences for you, giving you more precious time to spend with your loved ones.

There are an ever greater variety of loans available today to Australians financing their homes. Variable Rate Loans – also known as Adjustable Rate Loans – are one of the major alternatives when being locked into a traditional, fixed rate one seems too restrictive. The core idea of these is that the rate at which interest accrues varies over time, typically as the Reserve Bank adjusts the national cash rate.

A historically good deal for home buyers

Variable Rate Loans are often mistrusted because they introduce a level of financial risk for the borrower. But these loans also have the potential to reduce payments, and with sound financial advice, many home buyers are able to negotiate one in their favour. Furthermore, the Australian cash rate has been on a historic downward trend over the last 25 years, and is at an all-time low.

Make sure you’re looking at the right details

If you are considering taking out a Variable Rate Loan yourself, you should start by looking for a few key figures:

• Adjustment Period: The core of any variable loan is how often the interest rate will be recalculated. This reflects the riskiness of the loan, with shorter adjustment periods harder to plan for.
• Initial Rate: The starting point for interest from which future repayments will vary. Depending on the adjustment period, you could be paying interest at this rate for quite a while.
• Initial Discount: Many lenders will take advantage of the loan’s flexible terms to sweeten the deal with a period of discounted repayments. Prospective savings can be alluring, but should be considered against the full life of the loan.

How to get the odds on your side

It can really pay to get advice on what extra options you might be able to include to help make your loan more favourable in the long run. You might negotiate with your lender to put a cap on some of the loan’s variable elements, limiting the potential risk. The fixed adjustment period functions as a cap, but caps can also cover incremental rate adjustments or overall growth of interest.

Another possibility when negotiating a Variable Rate Loan is to include the option to transition it to a fixed rate loan, usually after some number of years have passed. Since the risks of the variable rate are easier to account for in the short term, this can remove a lot of the uncertainty for the borrower.

As these risky elements are accounted for, you can see how more Australians could stand to take advantage of Variable Rate Loans for themselves. Why not check them out?

Having your own home is a pride and joy. Very few can afford to build a home without taking out a loan. These days, many people are still unaware of the many options available on the market in terms of these solutions. Primarily, there are two principles to factor into any loan: (main loan amount) and the interest (amount paid on the outstanding principal).

It’s critically that you understand the fine print involved with loans that you’re interested in taking out. With enough information, you will understand each type, how much you’re likely to pay, and what you can actually afford—without the mortgage being too much of a burden on you and your lifestyle.

Loan structures and features

In Australia, the most popular home loan type is the one with a variable rate. Here, your interest payment will vary based on the current interest rates in the market. This means that the repayments could go up or down throughout the loan period.

For easier budgeting, you might want to take a look at fixed loans. In this type of loan, the interest rate and the repayments are fixed for the entire loan period. It makes it easier for you to budget your repayment and you are protected from interest rate increases. However, when interest rates are down, your rate will not be affected, so you will end up paying more.

There are lenders who are willing to allow you to have a split loan, which means that one part will be fixed while the remaining part will be variable. In some cases, this could be a very good option because you will partly be protected from rising interest rates and at the same time avail of the benefits when interest rates go down.

Comparing home loans

Do not just sign up with the first lender you talk with. It is best to shop around first and ask questions. Request a key facts sheet from lenders, which will let you compare fees and features. A key facts sheet shows clearly the information you need, such as the total amount you have to pay back during the loan period, the amount of repayment as well as the additional charges and fee.

Double check everything when you come across loan companies that claim to help you pay your mortgage payments faster. It can only happen if you can secure a loan that has low fees and interest rate, otherwise, you can only repay your mortgage faster by increasing either the frequency or the amount of your repayment.

Mortgage repayments are one the biggest expenses in a household each month. If you have a mortgage worth $350,000, you will be paying about $2,580 each month. If your home loan is payable in 25 years, the interest you’ll be paying is $425,000.

Luckily, there are a few ways for you to manage your mortgage so that you can lower the amount of interest you’ll pay, as well as the term of the overall loan.

Safeguards

Even if you can afford your mortgage, any way you can reduce your repayments is a welcome respite. If you can increase your repayments, even if it is just by a little amount beyond the minimum, it will help to lower the amount of the principal loan, which means that the term and interest paid for the duration of your loan will go down.

Here’s a few extra tips to help you get started:

1. Split your monthly payment into two. This is a proven strategy that helps save plenty of cash for mortgage holders. Instead of paying monthly, split this in half and pay them every fortnight. For example, if you are paying $3,000 each month, pay $1,500 every fortnight. The calculation behind this theory is simple: there are 12 months in a year, so you will pay $36,000 off your loan annually. However, there are 26 fortnights in a year, so multiply that by $1,500 and you pay $39,000 off your home loan.

2. Round up the amount. If you have a home loan worth $350,000, payable within 30 years at 7% interest, your monthly repayment amounts to $2,329. If you round it up to $2,500 each month, you’ll be able to repay the loan earlier—by around four years. Likewise, you’ll have more than $69,000 slashed from the interest you owe.

3. Have an offset account. This works like a savings account that will reduce the accumulated interest on the amount of loan significantly. If you have deposited $5,000 as the full offset account on a $350,000 home loan since day one, your repayment term will be reduced by about 14 months. Around $34,000 will be taken off from the interest, which is a very significant amount as well.

4. Work with an experienced mortgage broker. Be sure to review your home loan to see if all the features that require the premium payment are needed. Have an experienced mortgage broker do a home loan health check for you to determine if you can have a better deal from your current lender or you need to talk with another one.

Every bit of savings counts these days. If you can save plenty from your home mortgage interest payments, it will be to your great advantage.