Now you’ve got a plan in place, it’s time to stick to it as much as possible. Budgets are often started, put on the shelf and forgotten. Give yourself the best chance of success, print out your budget and stick it to the fridge or somewhere else you’ll see it regularly. Keep yourself accountable, better yet…
Refinancing multiple debts into your home loan can help simplify your finances. If you’re juggling many loans, each with different repayments, fees and interest rates you have a better option to help you get ahead. Sounds like a great idea? Before deciding if this is the right choice for you, it is important to understand…
If you’re looking to buy an investment property and have equity in your own home, refinancing your home loan could be the best way to fund your purchase. In this article we’ll explain how this may work for you. Why refinance your existing home loan? Usually, when you take out a home loan to buy…
Comparison rates help us to compare loan products. They are designed to enable us to compare apples with apples, when it comes to the total cost of lending products, but unfortunately they don’t paint the whole picture. What is a Comparison Rate? A comparison rate provides a simplified way to compare the effective cost of…
First-home buyers in every state of Australia already had cash incentives to build or buy a new home but recently the stakes got considerably higher. When the federal government revealed its $25,000 HomeBuilder grant in a bid to boost the economy, throwing a lifeline to the home construction industry, it wasn’t designed to be used in…
It always takes some planning to get your finances in order for the end of financial year, and this year may look a little different, come June 30. The COVID-19 pandemic may have impacted your circumstances and therefore your situation could be looking different to normal. Perhaps you have been working from home, your wages…
The coronavirus pandemic has hit many Australians financially, through job loss and reduced income. If you were hoping to buy a home before the pandemic but now find yourself earning less, you probably think your chances of getting a home loan are next to zero. But this may not be the case! While lenders are…
There’s good news for first home buyers and owner-occupiers! On June 3 the federal government announced a $700 million housing package for Aussies to access $25,000 grants to build a new home or start a major renovation. What does that mean for you? As a first home buyer or owner-occupier, understanding what federal grants, incentives…
Social distancing has recently given us more time at home than ever before. This has given us time to think about family, and plan those dream renovations or home upgrades to help embrace the enjoyment of time at home. With so much time at home, and with expected Government stimulus coming to maybe even kick…
A building (or construction) loan is one you might apply for if you were looking to build a new home, or to make some major structural changes to your existing home. Generally building loans are written as a land and construction loan, where the borrower applies for a loan to cover cost of the purchase…