If you’re planning a family it’s important to think about more than the pitter patter of tiny feet. We explain how to manage your home loan, or apply for a loan, when you’re about to take time off work for a baby.
Making voluntary payments on your mortgage can help you save money and own your home sooner. In this article we look at the benefits of making extra repayments and other alternatives for making your money work harder.
Getting a home loan in Australia 25 years ago may have seemed straight forward compared to the many choices available today. But was it really that much simpler?
Have all the important information ready for your first broker meeting to get the right mortgage, fast.
Think you know home loans? Knowing your offset from your redraw could save you money and hassle with your mortgage.
What would you do with a refund from your tax return? Putting it towards your mortgage could save you more than you think.
There’s a lot to love about offset accounts, and our four top tips can help you supersize the benefits.
Many loans that allow extra payments will also allow that capital to be redrawn. This means you can benefit from putting more money into your loan but still access the funds if you need them down the track. To avoid complications, your lender won’t let you take out any more than the extra you’ve put in.
Can we put the additional funds from the refinance into the offset or redraw accounts of our existing investment properties until we need it, or will this create tax issues when we take it back out?
I am a firm believer in paying off as much of a home’s mortgage as possible, however if you have other debt on a credit card or a personal loan with a far higher interest rate than your home loan, then it might be worth considering paying down those debts first, or managing your bills with a debt consolidation plan.