-
The LMI waiting game may cost you more
- February 24, 2015
- Posted by: admin
- Category: Enconomy, Finance News, Financial goals, First Home Buyer, Home loan product, House prices, Inflation, Insurance, Investment Property, Property Renovation, Rental Property, Wealth
No CommentsSome of our clients who didn’t want to pay LMI in the last 12 months are NOW facing a much bigger challenge. The property they were saving for has gone up 3 times more than the LMI they avoided paying! What is LMI? Lenders’ Mortgage Insurance (LMI) was introduced to offer higher Loan to Value
-
Would your bank return $81,000 of Overcharged interest to you?
- February 20, 2015
- Posted by: admin
- Category: Bank fees, Bank Profits, Budget, Enconomy, Finance News, Financial goals, Home loan product, Interest rate, Wealth
It is not uncommon in the world of finance to find out many years later that the home loan that was set up for you wasn’t actually followed through as intended with the lending institution. We have all heard of lenders over charging interest every now and then, some accumulating to a few thousand
-
Finance your Renovation
- February 16, 2015
- Posted by: admin
- Category: Budget, Enconomy, Finance News, Financial goals, Home loan product, House prices, Investment Property, Property Renovation, Rental Property, Wealth
How to get the cash to make it happen! There are plenty of different ways you can fund your renovation and we can talk you through these options to find the one best suited to your budget and project size. Here are some of the options we may discuss with you. Home equity If there
-
Financial resolutions that last
- February 13, 2015
- Posted by: admin
- Category: Budget, Enconomy, Finance News, Financial goals, Home loan product, House prices, Inflation, Investment Property, Self Managed Super Funds, Wealth
Losing weight, quitting smoking, saving money and getting out of debt are among the most popular New Year’s resolutions. Unfortunately resolutions like these tend not to last long, particularly if there is no vision for how to make them work. Here’s how you can get serious enough about your financial goals to achieve long term
-
Thinking about a new job?
- February 12, 2015
- Posted by: admin
- Category: Budget, Enconomy, Finance News, Financial goals, First Home Buyer, Home loan product, House prices, Investment Property, Property Renovation, Self Managed Super Funds, Wealth
Here are some interesting facts about employment statistics and job hopping: Are we changing jobs more frequently? Australians who have been in their job five years or more are something of a dying breed according to the most recent labour mobility stats from the Australian Bureau of Statistics. Of Australia’s 11.5 million workers: • 56%
-
NAB cuts rates: lowest in 40 years
- February 5, 2015
- Posted by: admin
- Category: Enconomy, Finance News, Financial goals, First Home Buyer, Home loan product, Inflation, Interest rate, Investment Property, Property Renovation, Self Managed Super Funds, Wealth
National Australia Bank has become the third major lender to pass on the Reserve Bank’s rate cut in full. NAB today announced it would cut its standard variable home loan rate by 25 basis points to 5.63 per cent per annum. The major bank said home loan customers will save an average $62.50 a month
-
First major slashes rates to record low
- February 4, 2015
- Posted by: admin
- Category: Budget, Enconomy, Finance News, Financial goals, First Home Buyer, Home loan product, Inflation, Investment Property, Self Managed Super Funds, Wealth
One major bank has passed on the full rate cut by slashing its variable, three- and five-year fixed-rate home loans. Commonwealth Bank today announced it will reduce its standard variable rate (SVR) by 0.25 per cent per annum. Its three-year and five-year fixed-rate products will also be reduced by 0.25 per cent and 0.30 per
-
Fix or not: Home Loans
- September 12, 2014
- Posted by: admin
- Category: Finance News, Financial goals, Home loan product, Interest rate
A drop in fixed rates by a number of banks and lenders has increased the number of borrowers who are fixing their home loans. If you decide to do the same, make sure you are fixing for all the right reasons not just the lure of a cheap rate. Be fully informed of the implications
-
Mortgage Offset accounts explained.
- September 11, 2014
- Posted by: admin
- Category: Budget, Enconomy, Finance News, Financial goals, Home loan product, Interest rate, Technology, Wealth
If you’re looking to shave years and thousands of dollars off your home loan, you might want to consider a mortgage offset account. It’s an account that offsets the balance in that account against the balance of your home loan. This means you pay less interest on your home loan. Over time these savings can
-
RESERVE BANK MAKES CASH RATE ANNOUNCEMENT
- September 2, 2014
- Posted by: admin
- Category: Budget, Enconomy, Financial goals, First Home Buyer, Home loan product, House prices, Inflation, Interest rate, Investment Property, Rental Property, Self Managed Super Funds, Wealth
Spring has arrived and at its first meeting for the new season, the Reserve Bank of Australia has announced that it will keep the official cash rate on hold at 2.5 per cent for yet another month. The decision was widely expected by analysts and all indications are that the RBA will continue with its