It’s known as a ‘lazy tax’: the extra money we pay because we can’t be bothered shopping around. But it’s a tax that can be avoided. Your broker might be able to find you a better deal on your home loan and potentially save thousands of dollars over the life of your loan.
Renovating while expecting: canny timing or a serious case of total insanity? Understand the pros and cons and then decide if is this the right move for you.
You’ve been dreaming of that new kitchen and dining room for as long as you can remember, and now the time has come to put your plans in motion. But do you really have the budget to afford the works? Here are a few things to think about before making the leap from Pinterest board to blueprints.
Heard about mortgage refinancing? In the past, most people who took out a mortgage doggedly continued with it until they had paid it off. These days, people refinance their mortgage much more frequently. The average duration of a home loan in Australia now is just 4-5 years. Here we look at some of the reasons people in Australia refinance their home loan.
From the moment you take out a mortgage, you'll take a much keener interest in Australian interest rates. Should you be on a variable rate mortgage or a fixed rate mortgage? Here we look at your home loan refinancing options as interest rates rise and fall.
When considering an investment property, your first port of call should be your credit adviser. An MFAA Approved Credit Adviser can help you achieve your investment property goals. They will review your assets and liabilities to determine how much you can borrow, which will in turn give you a general idea of your target price range, so you can narrow your property search within your purchase budget.
Many people refinance their home loan because they’re looking for a lower interest rate, lower payments or more flexibility. If that is your goal in refinancing, then you have a wide range of products to choose from. However here we look at some specific mortgage refinancing options people use to deal with some common situations.
If you're swamped with credit card debt and personal loans, it can sometimes help to talk to a professional about debt consolidation. However, you need to be wary. You might end up paying more in the long term and/or reduce the equity in your home.
In order to be able to help your business, your credit adviser is going to need to see a range of information. Here we look at what financial and business paperwork you’ll need to take.