A Balanced Look At Paying Off Mortgage vs Buying An Investment Property
Should I pay off my mortgage or should I buy an investment property, or should I buy an investment property rather than pay off my mortgage? My answer is one, “I’ll do both.” And while we’re at it, why buy one investment property if you can afford to buy two or three investment […]
Best Loan For Investment Property
Very good question that’s been asked. Best loan for an investment property. Very good question. And very long answer. It really depends on your situation and whether you’re still in a mortgage for your own house or whether you own your own house. What I do like is variable to start with, because it […]
How To Buy An Investment Property Using Equity In Your Home
Guide To The Best Loan Structure For Investment Property
Buying an investment property is a positive move towards building your financial future. However, have you chosen the right structure for your investment loan so it helps you achieve your financial goals? Choosing the right investment property loan structure for your individual needs means considering a few different factors first. Loan Structure For Investment Property […]
Is the Car Dealership Really Offering you a Good Deal on Finance?
Making the decision to buy a new car is a very exciting time and it’s quite normal for emotions to play a huge part in the decision making process. Unfortunately, many car dealerships are very good at manipulating your emotions to ensure they get the sale so they can make the most money possible out of […]
What is a Mortgage Comparison Rate?
Have you ever noticed that many banks advertise a great interest rate in big, bold font, but there is always a much smaller interest rate shown somewhere else on the same ad? That less-obvious interest rate is known as the comparison rate. Banks are legally required to display a comparison rate when advertising any type of […]
Is It Worth Staying Loyal to Your Bank?
Gone are the days where loyalty is well-rewarded, especially when it comes to banks. It’s common to see advertisements offering new customers special discounts and deals on financial products. Yet, long-standing customers don’t receive the same rewards for their loyalty. Recent changes to property investment loans which impact existing customers are one such case in point.
What is Debt to Income Ratio?
Debt to Income ratio is a term that lenders use to determine the serviceability of the loan. This ratio identifies how much of your monthly income is applied towards the payment of ongoing debts such as credit card payments, personal debt, mortgage repayments or car loans. It is your total monthly debts divided by your […]
Is the Cheapest Interest Rate the Best Deal for You?
It’s quite normal for many people to hunt for the cheapest interest rate they can find for their mortgage. After all, a lower interest rate can mean lower repayments. However, with all the hype about cheap interest rates at the moment, it’s easy to get swept up and locked into a loan with a low […]
Are you Disclosing All Your Liabilities?
When you enquire about or apply for for a loan, it is important you give 100% accurate information regarding your current financial situation. You need to make sure you advise your lender or mortgage broker about all your debts, including any credit cards, personal loans, store cards, rental arrangements (radio rentals), HECS debts, and any […]