Finance and Mortgage Blogs
Customers set to lose out as Big 4 Banks profit, yet again
Once again the Big 4 Banks have escaped major punishment and gotten exactly what they wanted: adding a multi-thousand-dollar tax on borrowing that’ll hit consumers and brokers hardest. By now you might have seen some of the Royal Commission recommendations in...
What makes your debt tax deductible?
There are two kinds of debt in this world: the kind that is tax deductible and the kind that isn’t. Knowing the difference, and planning your purchases accordingly, can significantly improve your cashflow, opportunities and overall financial position. So what makes...
How to perform a credit health check
Significant changes have been made to Australia’s credit reporting rules after a new Comprehensive Credit Reporting regime (CCR) came into effect in the new financial year. This means now is as good a time as ever to perform a credit check. The new legislation forces...
Proving genuine savings for your home loan deposit
Saving a home loan deposit can be challenging enough. Then, lenders often will put another hurdle in your way by asking for proof of ‘genuine savings’. Here’s all you need to know about clearing that obstacle. Lenders use the term ‘genuine savings’ to describe any...
Why you can get a better home loan deal using a mortgage broker
So you’ve found the ideal property and it’s time to source finance? Here’s how to play your cards right and get a great home loan deal sorted before the settlement date. Educating the kids, wedding planning, plumbing – there are some things in life that are better...
What value can a financial adviser add?
Just as a personal trainer can help you reach your fitness goals, a financial adviser can keep you on track with your personal wealth journey. If you’ve ever had a gym buddy, hired a personal trainer or been tortured at boot camp, then you understand the power of...
What to do if you and your partner aren’t on the same page with your finances
Things start out so rosy. You both like the same movies, sports teams and pistachio-flavoured gelato. Then one day you realise you manage your finances in completely different ways. Well, here’s how to get on the same page. Relationships, you may have heard before,...
Parents as guarantors: end your child’s first home mirage
They grow up so fast. One minute they’re nagging you for a dollhouse, the next, it’s for help buying a two bedroom unit in an up-and-coming suburb. If you always find it hard to say ‘no’ to your kids, here’s how to say ‘yes’ the right way. You’ve probably heard your...
900000 interest only loans
/900,000 HOME LOANS COME OUT OF INTEREST ONLY// Did you know that the Principle repayment of your investment property is NOT tax deductible❓❓ Did you know that a lot of investment properties are sitting at around $1-3,000 positive cash flow when paying interest only?...
Why would you have more than one bank? Or Lender?
//SHOULD YOU HAVE MORE THAN ONE BANK❓????// Why would you need more than one bank????????? The answer is fairly straight forward. Even though there is a lot os similarities in the financial markets there is some differences with a couple of aspects. ➡️ Policy ➡️...