Loan

Construction loans are an important but often overlooked type of financing for building homes and making large-scale additions to existing properties. To serve those interested in these loans, it’s essential to understand how they work for both individual owner-builders and professional construction companies. Discover the ins and outs of construction loans, a critical yet underutilised […]

Principal & Interest (P&I) and Interest-Only (IO) are two different home loan repayment options that can help you achieve your dream of homeownership. Principal & Interest payments can help you pay off your loan faster and reach full ownership more quickly. On the other hand, Interest-Only payments offer more flexibility by reducing your payments in […]

When you have a home loan, you repay both the principal and the interest. Depending on the size of your loan, the interest payments can be substantial. An offset account can help reduce the amount of interest you owe while keeping your funds easily accessible. With an offset account, you can perform everyday banking tasks […]

Negative gearing is a common investment strategy in Australia, particularly for rental properties. It involves borrowing money to invest in a property where the rental income is less than the costs of owning and maintaining it. This loss can be used to offset the investor’s taxable income, reducing their overall tax liability for the financial […]

Managing high interest rates influenced by the Reserve Bank can be challenging, especially when handling multiple accounts like transaction, savings, or linked accounts at different institutions. To maximize earnings, consider choosing high-interest savings accounts without account-keeping fees. Look for accounts that offer competitive interest rates and meet your needs by reviewing factors like minimum monthly […]

Home loan pre-approval is a preliminary assessment by the lender to determine how much credit you can be approved for when purchasing a home. While pre-approval isn’t required before bidding on a property, it can be highly advantageous. It strengthens your position as a serious and reliable buyer. In this article, you’ll learn why obtaining […]

When it comes to refinancing your home loan it’s a decision that can truly impact your financial well being and your experience owning a home. Whether you’re looking to cut down on your payments, access the equity in your home or reach financial milestones, refinancing comes with a range of advantages. Here are six compelling, […]

The Higher Education Contribution Scheme (HECS) is a higher education loan program from the Australian government that aims to help university students, including aspiring doctors, pay for their tuition fees in advance. HECS allows students to defer repayment until they reach a certain income threshold, which is $54,435 as of 2024. This means you don’t […]

When it comes to home loan refinancing, it is important to understand that refinancing means paying off your current or existing loan with a new loan term from the same or a different lender. This is often done to secure better terms, such as lower interest rates or reduced monthly instalments. Refinancing enables borrowers to refinance […]

Getting a house loan can feel intimidating, especially if you have other debts. However, you’re not alone in this situation. Approximately 17% of Australians, or the equivalent of 5.8 million people, struggle to repay debt. Organising your home loan balance and other debts can help you better manage them and potentially improve your credit score. […]