A series of small changes applied consistently over time could put you on track to reach your goal sooner. Here are 8 tips to help boost your savings.
If you read our blog from November 2019 we wrote about ASIC Regulatory Guide 273 “Broker Best Interest Duty” we thought that it was time for an update.
Right now, more than ever before, you should be paying a little more each month off your home loan. Why, you ask? Many mortgage holders have never lived in a rising interest rate environment, so this…
In most cases a mortgage brokers client do not pay for their services. So how do we get paid? We are paid by the lender that we refer our clients to. We are most often paid 2 fees – an upfront fee…
It may be time to think about fixing your loan.
How long have you had your home loan? When was the last time that you checked the interest rate that you are being charged? Never thought about refinancing, heres’ why you should.A standard variable…
Let’s face it, saving the deposit for a home can be hard when you are paying rent, and sometimes ‘life happens’. Can you achieve home ownership without the need for a full deposit? The short answer…
For years we have heard that the property bubble is about to pop, and while there have been some corrections it seems that the growth in value never seems to waver. With the onset of Covid-19 some…
We certainly live in challenging times. Covid-19 is impacting on our daily lives and many self-funded retirees are doing it tough. Interest rates are at an all time low, many companies announcing…
First Home Buyer Home Loan
If you followed the Banking Royal Commission and the subsequent media reporting you will have heard about a new “Best Interest Duty” that is being introduced for the broking industry. Lets be clear…
Recently a Danish bank launched what is believed to be the first home loan with a negative interest rate – a 10 year fixed rate loan with a rate of minus 0.5% - yes this means that every month when…
Every day we make choices. Get out of bed? Vegemite or peanut butter on toast? Go to work? Many of these choices are so simple that we make them automatically and they really don’t require that much…
(or in our world, “grandfathering”). How long have you had your home loan? 3 years? 5 years? Have you been caught by the ‘lazy mortgage’ trap? Let’s explain what this means. Think back to when you…
We all dream of being financially secure. It is not as hard as it may seem with these 5 tips below you can begin that journey
In the home loan world the equivalent is being able to get a better deal and not taking advantage of it. Say for example you initially took out a home loan over 30 years that had an initial…
When you are researching home loans you will always see the lenders actual interest rate followed by what is called a ‘comparison rate’. Why is there a comparison rate? What is a comparison rate? And…
With official cash rates on hold for just over 2 years, is now the time to fix your home loan interest rates?
