Why are rates going up and shouldn’t customers be notified of a rate change in advance as this will affect the minimum payment
I love Christmas and spending quality time with family, but it’s always such a drain on the finances. Do you have any tips or ideas on how to save money at Christmas?
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?
Can you offer any tips on how to financially plan for a wedding or ways to save some money?
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.
Some of these costs, like stamp duty and Lenders Mortgage Insurance (LMI), are fixed by your state/ territory government or lender. Others, like legal fees, will vary according to the service provider you choose. Shopping around to get a few different quotes before choosing who to use may help to trim some of the expense.
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.