A question we often get goes something along the lines of: ‘I make my repayments on time, and I save $1,000 per month, why is the bank saying I can’t service a loan?’ Here’s how banks conduct loan serviceability.
When one bank hikes its interest rates, the rest usually follow one after the other like dominos. Here’s how to avoid getting caught up in the chain reaction.
We all know that choosing the perfect investment and getting the timing right are both critical. What people often overlook, however, is selecting the right investment ownership model.
Whether it’s unrequited love, or an unsuccessful home loan application, getting your heart broken is never easy. Here are five common reasons home loan applications are rejected.
The property market remains hot news in many parts of Australia but there is one less talked about sector of the market that is ALSO booming… Home renovations are back – in a big way! In fact, did you know that Australians are currently spending $165 million per month on renovations? After a slump a
At the Adelaide Cup, it can be difficult to pick a winner given the field. You can however improve your odds when picking a home loan! The odds Just because a horse has the shortest odds on the day does not guarantee it will ‘WIN’. Similarly a home loan with the lowest interest rate does
Gone are the good old days of ‘lay-by’ – remember that? The ‘olden days’ of buying something you couldn’t afford. It was the original form of delayed gratification and budgeting for things we wanted – something our children and grandchildren will never know anything about. Perhaps even some of our Gen Y readers? Do you
Here’s a scary statistic when it comes to raising children! A leading Australian demographer estimates the total cost to parents of raising the average number of children (2.7) to independence (at 24) is $1,028,000. That’s right! A million dollars is the cost for raising children… And that’s assuming your family is ‘average’ and they have
A Lo-Doc loan could be suitable for many different scenarios, in this article I hope to help you identify if you qualify for a Lo-Doc Loan. Working for yourself can be extremely rewarding – I’ve personally loved the change and the freedom it’s allowed me. But when the time comes, and you need to apply
Is the cost of switching home loans worth the potential interest rate saving? That is what we’ll help you to find out. Your home loan is usually your largest financial commitment. We understand that changes in interest rates can have a big impact on your monthly repayments and how long it takes you to pay