A car loan is a great way to purchase a vehicle when you don’t have all the money to pay for the car upfront. However, if you are getting ahead on your savings and potentially want to pay off your car ahead of time, there are a few things to...
3 ways to save money on your home loan
With the cost of living and mortgage rates continuing to rise, many homeowners are looking at the different ways they can save some money. Fortunately, if you already have a home loan, there are some options that might be able to help. Consolidate debts If you have a number of...
What’s the difference between redraw and offset?
Redraw facilities and offset accounts have many similarities. But there are some important differences too. First up, make sure you read our articles on redraw and offset accounts if haven’t done so already. Now that you’ve done that, let’s unpack how and when to use an offset account or redraw...
What makes a great investment property?
Most people understand that an effective way to maintain and build wealth is through investing in residential real estate. Property has a long-term track record of capital growth, which is why it is a favourite asset class for hundreds of thousands of Australians. However, when you’re looking for investment properties...
What are the advantages of buying property with equity?
There are a lot of great reasons to own real estate, but one of the most powerful is the ability to use equity to purchase another property. If you’ve owned a home for a number of years, you might be able to access some of the equity to use as...
How to manage higher loan repayments
Interest rates are rising as the Reserve Bank of Australia (RBA) looks to aggressively hike the official cash rate to help slow growing inflation. For average borrowers, higher interest rates make it more difficult to meet mortgage payments and can eat into household budgets. If you’re concerned about rising interest...
A Guide to Alt-Doc Loans
A Guide to Alt-doc-loans Each borrower is different. Some applicants have a spotless credit record and impeccable loan paperwork and can go after the market’s most competitively priced home loan product. On the other hand, many self employed borrowers struggle with providing adequate documentation, e.g., latest tax returns to prove...
The pros and cons of Lender’s Mortgage Insurance
As the value of homes has steadily increased over the years, more borrowers have turned to Lender's Mortgage Insurance (LMI) to help get them onto the property ladder. However, many borrowers are often confused about Lender's Mortgage Insurance, who and what it actually protects and what the benefits might be....
The benefits of an offset account
An offset account is one of the most useful home loan features that can help you save on your mortgage in the long run. Mortgage holders who want to keep and take advantage of the habit of saving can ask their lenders about the offset account feature for their home...
How to enter the property market with a small deposit
With the steady rise in house prices we’ve seen over the past decades, many new home buyers and investors are wondering how they can get their foot on the ladder. Fortunately, there are still ways you can purchase a property without needing a large deposit. Here are four ways to...