With official interest rates seemingly settled in at all-time lows, many people with mortgages have been paying close attention to their own loan interest rate. Add to that the precarious state of the COVID-affected economy – and
Offset loans are a common and popular type of loan, and can save you a significant amount of money over the life of your loan. Many borrowers choose this type of loan thinking the financial rewards
If you have a home loan, the current situation with Covid-19 may mean that you have concerns about your ability to keep up with repayments to your lender. Whether your income has been reduced or stopped
The Reserve Bank of Australia announced on March 19 that it was reducing the cash rate to a record low of 0.25% in response to the economic impact of the COVID-19 virus. What is the cash rate? The
As everyone who has ever wanted to purchase property knows, saving that first deposit is the biggest hurdle to jump. With property prices rising at an average of 6.8% over the past 25 years (CoreLogic), deposits have
Sustainable houses: everybody wins Whether you’re an owner-occupier or an investor, making your property more sustainable and energy efficient has several benefits. You’re helping save the planet, of course, but there are more tangible benefits too. Reducing the
Using a mortgage broker takes a lot of the hassle, research and paperwork out of finding a suitable home loan for your circumstances. Brokers have access to some home loans that aren’t available to everyone, and
For a word that nobody had even heard of in 2015, ‘rentvesting’ has certainly taken off in recent times. Put simply, rentvesting means purchasing a property and renting it out to someone, while you continue to
The attraction of interest-only loans is obvious. Having a period of time – typically five years – where you’re not paying off the principal (the actual amount of the loan) means you have more money on
Whether you’ve just moved into a fixer-upper, or you’ve been wanting to freshen you property up for years, renovating is a big, and potentially costly, undertaking. Here’s some tips for how to get your finances in
If TV is anything to believe (and that’s a big if!) people the world over are making a fortune buying run-down houses, doing them up into beautiful display-style homes, and selling them to an enthusiastic market
Refinancing your home loan, are you missing a trick by not doing it? And how does it work? Read our guide on the questions to ask before making the decision, and learn how the process
