Self-managed superannuation funds (SMSFs) open up a whole new world of investment opportunities for your retirement savings, including direct property. But what if you simply don’t have enough money in super to buy an asset outright?
A home loan is generally a long-term proposition, but in some situations it can make sense to refinance your mortgage. Read this guide to the refinancing process, and speak to your broker, before deciding whether it’s right for you.
Refinancing involves taking out a new mortgage and using those funds to pay off your existing mortgage. Doing so can save money and result in significant financial gains over time.
And give you great flexibility.
It’s often said that Australians are more likely to divorce their spouse than switch banks. But with plenty of competition in the home loan sector, refinancing can be a good move.
Continue reading Refinancing could save you thousands
Wondering how to pay off your home loan sooner? We look at some smart tips for paying off your home loan sooner.
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 by lenders, 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?
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.
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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?