Wondering how to pay off your home loan sooner? We look at some things you could do.
Australian home loan interest rates remain at historic lows, and the opportunities for paying off a mortgage early are better than ever. Used in conjunction with low rates, here are some extra steps that can speed up loan repayments and reduce your loan balance. Continue reading Smart tips for paying off your home loan sooner
The “downsizer contribution” is proposed to allow individuals to contribute up to $300k of the proceeds from the sale of a residence owned by a person or their spouse to their Super. The property must be located in Australia and have been owned by the individual, their spouse or former spouse for at least a period of 10 years prior to disposal. Continue reading Contributing downsizer proceeds to Super
It’s true the method used to arrive at a credit decision for a finance application will differ from bank to bank. It’s also true that the method will differ greatly depending on the type of finance (or loan) being sought. The greatest truth however is that all methods are based on, or derived from the “3 C’s of Credit”.
So what are the 3 C’s?
Continue reading What do lenders look for in a borrower?
There are many reasons to consider setting up a family trust but it is important to understand what they are and what benefits they can provide before making the move.
Continue reading Do I need a family trust?
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Beat the urge to splurge
The urge to buy something on impulse can be strong for a lot of reasons – it’s a bargain, you deserve it, or just because it’s right there. However, impulse buying can become a problem if it means you spend more than you earn. Here are our tips on how to reduce your impulse buying so you can direct your money to the things you want. Continue reading Impulse Buying
Over the last 6-12mths we have seen dramatic movements in Home Loans rates, both up and down, and all movements have been independent of any changes to the official rates by the Reserve Bank. Why ?? Continue reading So What is Going on With Home Loan Rates?
The ATO is increasing their audit focus on the following areas: Continue reading ATO’s 2017 Audit Hot Spots
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