How is My Borrowing Capacity Worked Out?
Up until recently, it was relatively easy to apply for a home loan. As long as you could show that you have a stable job and manageable debt, then your application had a good chance of being approved. However, things have changed considerably over te past two years. Despite interest rates remaining low, lenders have […]
How to Teach Your Kids About Money
We all want our kids to be financially better off than we are, but how do we do this? Taking the time to teach your kids about money and starting early is the key. Here’s how… The initial introduction Learning the basics of commerce and money handling is built from experiences like going to the […]
Navigating a Home Loan When You’re New to Australia
Mortgage brokers, loan pre-approvals, fixed versus variable rate loans, stamp duty, conveyancing. If you’re new to Australia, the language of home buying can seem mystifying. Here are some of the things you need to know to get yourself on the road to the great Australian dream. Keep in mind however, that speaking with an expert […]
Overcapitalising: What it is and How to Avoid It
As a home owner or property investor, you may have heard the term “overcapitalising”. But what exactly is it and why is it considered bad? While adding a new deck or kitchen can increase the value and enjoyment of your property, overcapitalising can end up costing you more than you planned. Here’s a closer look […]