Why are rates going up and shouldn’t customers be notified of a rate change in advance as this will affect the minimum payment
Like many, I want to pay off my mortgage as soon as possible. Do you have any tips or tricks to help me pay off my home loan faster?
Many lenders are making out of cycle home loan interest rate increases at the moment to meet new regulatory demands and to cover their own rising costs of borrowing money. Only customers on a fixed interest rate have been protected from these rate rises.
There are a number of ways for Capital Gains Tax to be assessed and calculated, but there can also be ways to minimise how much tax you need to pay.
We all know that home loans aren’t that simple and online comparison sites really don’t take many other factors into consideration, such as your personal circumstances or property ownership goals.
Kind of like mixing business with pleasure, it’s important to protect your friendship, and yourself, in case things don’t go according to plan. So just make sure you’re prepared to put your business hat on when making some decisions and think with your head, not with your heart.
I believe the Reserve Bank will hold rates at their current low levels for a long time, with the next move expected to be down rather than up.
There are plenty of pros and cons to home ownership versus renting, but it’s your personal circumstances, future plans and goals and financial situation that should really guide your thinking.
Big increases to rent are unlikely to be achieved inexpensively, but there may be some things you can do to maximise your return that won’t cost you the earth.
With property prices sky high in and around many capital cities, and lots of changes happening in investment lending, getting a foot on the property ladder is becoming more difficult for some, depending on what and where you want to buy.