Categories
Mortgage
Mortgage versus super – a common dilemma
In the mortgage versus super debate, the right strategy depends on your financial goals. Explore how to weigh the benefits of paying off your mortgage or boosting your super.
... read moreWhat You Need to Know About the Latest RBA Cash Rate Rise
The RBA is back with a cash rate rise of 25 basis points, taking the current rate to 3.85%. Strong jobs and inflation data means there is more work to be done to control price rises, further rate increases haven’t been ruled out.
... read moreNAB Bucks The Trend
National Bank announced today that it will not change its Standard Variable home loan rate from 5.24% p.a.
... read moreCould Your Home Deposit Be Helped By Your Super?
It’s no secret that saving for a house is tough. Raising the money for a deposit can seem to take forever, even if you’re consistent with your savings plan. Want some good news? There’s a new way to save, and it’s called the Government’s new First Home Super Saver Scheme (FHSSS).
... read moreHow redraw works and why it’s a handy feature loan feature
It’s one of the less glamorous home loan features, but the redraw facility deserves a second look. Here’s why:
... read moreANZ Lending Update
Effective 16 June, ANZ Bank will increase their Variable Interest Only home loan rates for both investors and owner occupiers by 30 basis points. ANZ's Standard Variable Rate for investment lending with Interest Only repayments is now 6.26% p.a..
... read moreLast of the Major 4 Banks to cap interest only loans at 80% LVR
Westpac Bank announced today the maximum LVR (loan to valuation ratio) for those seeking interest only repayments will be capped at 80%. This applies to both owner occupied and investment lending. They are last of the Major 4 Banks to cap LVRs for ...
... read moreOvercapitalising – what it is and how to avoid it
As a home owner or property investor, you may have heard the term ‘overcapitalising’. But what exactly is it and why is it considered bad?
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