How to tell if it’s time to refinance
Just because your mortgage has a 20-30 year term, it, doesn’t mean you have to stick with it until it is fully repaid. At any stage you have the option to refinance your home loan. This means you can reborrow the money owing from a new lender at a lower interest rate, saving you money […]
How To Manage Your Mortgage More Effectively
Managing your mortgage includes the repayments and understanding your loan conditions. To avoid costly penalties and stay on the path to paying off your home loan here are some tips that will help you manage your mortgage more effectively. 1. Set a budget.Managing your finance starts with managing your budget. Firstly, have a look at how […]
Self Employed? Your 2021-22 tax return could help you with a lower interest rate.
If you are self employed your 2021-2022 tax return is going to be a little different to the last two years and this could see you able to refinance to a lower interest rate or purchase that investment property you have been wanting to. Although the self-employed returns do not have to be lodged until […]
Stay on top of your investment loan and shop around!
If you have an investment property, it is important to ensure that your investment loan remains competitive. If you have an interest-only loan, set yourself a reminder three months prior to the expiry date so you have time to decide your next step. Apart from letting your loan revert to principal and interest repayments, there […]
Owner-Occupier Interest Rates for Investment Properties
Good news for investors! Usually, interest rates on loans for investment properties are higher than they are for owner occupied properties. However, at the moment some lenders are offering investment loans at owner-occupier rates. I’m An Investor – What Should I Do? If you currently have an existing investment loan, we recommend you have a […]