CBA and Westpac are both offering a four-year, fixed-rate mortgage at 1.99 per cent, while NAB said it will undercut this with a 1.98 per cent rate. It’s the first time any of the banks have offered a mortgage at below 2 per cent. This follows mounting...
Owner-occupiers who are paying principal and interest on their mortgage are being rewarded by financial institutions with a lower interest rate. The latest analysis by comparison site Mozo found that principal and interest loans are 68 basis points below those paying interest-only loans. With the Reserve Bank...
For those looking to get out of debt quicker, a mortgage broker has explained a remarkably simple trick to pay off a home loan sooner. The trick is to change your payment cycle! The quickest way to pay off a [mortgage] is weekly or fortnightly repayments. This...
Applying for a mortgage pre-approval can be a real boost for anyone looking to purchase property – but it’s important that would-be homeowners do have a good understanding of what a pre-approval could mean. Aussie CEO James Symond has emphasised that while pre-approval isn’t a guarantee...
Most retirement ‘experts’ will tell you that you should be debt-free in retirement. Not only should your home be paid off, but you should have a decent superannuation balance, plus a and handy stash of emergency cash outside super. Unfortunately, as the saying goes, life’s what...
This year's Budget provides tax relief and financial assistance for many Australians, including low and middle income earners, business owners, young workers and social security recipients. We have prepared a short summary of the major initiatives for you to download and share: CLICK HERE TO...
Many borrowers looking to build new homes with the HomeBuilder grant are relying on borrowed funds from family and friends due to the structure of the HomeBuilder scheme. he $25,000 HomeBuilder grants were launched earlier this year to drive economic activity across the residential construction sector. Consisting of a $25,000 grant for owner-occupiers “substantially renovating”...
Mortgages can be confusing at the best of times. Add in a myriad of lenders offering different rates with various benefits, plus an extremely cautious banking system, and it may be easier to get an expert in – so what are the advantages of a broker? Founder...
The central bank has warned house prices could plummet in the event of severe economic slowdown, but it would only trigger a small increase in the share of mortgages at risk of default. The Reserve Bank of Australia published a discussion paper, How Risky is Australian Household Debt?, which...
There’s more to financing a car than punching numbers into a loan calculator and signing on the line. There are several ways to get quick finance for your new ride such as bank loans, factory finance or car leasing, but the numerous options may be confusing. But...
He is also an accomplished presenter and educator
Co-authoring the popular investment book, Property vs Shares.