Category archive: Home Loan
How to own your home sooner … and save thousands.
Who wants to own their own home sooner? I know I do! Life can get complicated, but reviewing loan basics can help you reduce your overall interest repayments saving you time and money. Here are just four basic principles to save you money. How to pay off your home loan faster and save big bucks…
Rentvesting?
A growing number of savvy first home buyers are getting on to it. It is a new path of wealth creation, without sacrificing your favourite suburb. Find a property with an associated mortgage you can afford, then rent it out. The twist for a brilliant rentvestment, would be one that actually receives income greater than…
Wondering how to get ahead on your home loan? We look at some things you could do before rates rise.
Australian home loan interest rates remain at historic lows, and the opportunities for paying off a mortgage early are better than ever. Used in conjunction with low rates, here are some extra steps that can speed up loan repayments and reduce your loan balance. Make higher repayments One of the easiest ways to quickly reduce…
TOP 10 TIPS WHEN BUYING AN INVESTMENT PROPERTY
TEN TIPS WHEN BUYING AN INVESTMENT PROPERTY 1. What do you want to achieve? Understanding your objectives is key to finding the right investment property. The actual property itself is never the end goal when it comes to investment – it’s the financial element that you’re really concerned about. First and foremost, decide what your…
Should you refinance for a better deal?
Should you refinance for a better deal? Refinancing a loan can take advantage of lower interest rates to bring down the overall cost of servicing a loan. But it’s not always the best, or the only, option. There are many different factors borrowers need to consider when thinking about refinancing a loan. The first step…
How to buy a home without a 20% deposit.
When you consider that a small flat in Sydney could set you back half a million dollars at the moment, saving a 20% deposit to buy that flat – $100,000 – can seem an insurmountable task. That’s where insurance can help. Lenders mortgage insurance (LMI) may be an added expense, but it offers buyers the…
Why use a broker/ credit advisor over a bank?
When you’re looking for a home loan, you could go to a credit adviser or to a bank. While a bank will only offer you its own products, a credit adviser is an industry expert who will take the guesswork out of finding the mortgage product that suits you and your needs. It’s understandable that…
Accelerated Debt Reduction Technique
When should you not pay money into your Mortgage? Well, of course if you have a mortgage you should meet your minimum commitments at all time. But paying down the biggest debt of your life doesn’t necessarily mean that any spare cash you have should go onto the mortgage, especially if you have other debts….