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…
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…
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…
Aussies have been told to expect low rates for some time, and the Reserve Bank is sticking to its guns by leaving the cash rate at a record low. At its monthly meeting on 2 June the Reserve Bank of Australia has kept rates on hold at 0.25 per cent as was widely expected. The…
Want to refinance your mortgage but worried you’ll be rejected? Find out how a lender will assess your home loan refinance application. The best step you can take upfront is to work with an accredited lending specialist who not only understands your goals, but who is knowledgeable in credit and honest in all discussions. Sometimes…
The process for refinancing a home loan isn’t as complicated as you might think. In this step-by-step guide, we show you how to go about it, including what to tell your existing lender, what you need to know about applying for a new loan and how to figure out whether refinancing is really worth it.…
Affected by COVID-19? There might be a better way to ease financial pressure than taking a mortgage holiday. As of mid-May nearly 3 million Australians are asking for a rent reduction or mortgage repayment pause as the coronavirus pandemic wreaks havoc on Aussies’ ability to pay bills. Of those 2.9 million Australians, 1.2 million are…
If you’re registered for GST, you’ll have a regular business activity statement to sort out. Here’s how to get on top of it and make BAS preparation easier. Let’s start with the basics: what is BAS? It’s an acronym for business activity statement. Whether it’s monthly, quarterly or yearly, every Australian business registered for the…