Strategies to Reduce Your Interest Payments With An Offset Account
What is it and how does it work? An offset account is a cash account that is linked to your home loan. The bank will apply monthly interest charges (calculated daily) on your mortgage based on your home loan balance minus your offset account savings. For example, if your home loan is $450,000 and you […]
Why a Finance Broker is Essential in Today’s Market
Launch Directors: Dean English, Duncan McKinnon, Joe Del Borrello, Steve Milligan, Warrick Greaves. The lending market experienced a lot of changes in recent months. This has led to tighter restrictions on lending making it more essential than ever to use a finance broker’s expertise. A broker will navigate the market and find a suitable, competitive […]
Tips for Getting Your Home Loan Approved (Even On PAYG)
Are you planning on buying a home sometime soon? A home loan will usually be a big part in making that a reality. In the current financial market, it is more important than ever to ensure that you are practicing excellent financial management, no matter what your income. In the eyes of lenders, there are […]
Underinsurance – Are Your Home and Contents Adequately Protected?
For most Australians, our home is our most valuable asset. However, when tragedy strikes, many Australians find they are underinsured. Canstar reports that approximately 29% of home owners and 67% of renters do not have any form of contents insurance. In a survey conducted by the Insurance Council of Australia, it was found that more […]
Self Employed? 6 Steps to Home Deposit Saving
Are you self-employed and finding it challenging to save a house deposit when your income fluctuates month to month? The reward of owning your own home will be all the more rewarding knowing you have made every penny count to achieve your goal. One of the best ways you can position yourself for a favourable […]