Home Equity
4 Ways To Spring Clean Your Finances With spring almost upon us, now is a great time get the house in order. It is also a great time to spring clean your finances. There are several ways to ensure everything is running how it should be. Make sure you get the most out of your…
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Refinancing Your Home Loan? When Is The Best Time To Do It? As a home owner with a mortgage, chances are you’ve heard of the term ‘refinancing’. Refinancing your home loan involves reviewing your current loan, and potentially swapping your loan to another lender. You would do this so the new lender can better meet…
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Debt Reduction Specialist As a debt reduction specialist, we have many jobs. Some of the most important are; a) save you money, b) help you get your budget under control; and c) ensure your home loan is working best for you. Debt Reduction Specialist To Save You Money One way to save money is to…
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What Is Redraw? Exactly what is redraw and how can you use it to your advantage? When should you use it and how can it be used for savings? Exactly what is redraw? Redraw is when you have surplus funds on your home loan and you decide to take back those surplus funds. Lets look…
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Consider Debt Consolidation To Save Money Debt consolidation is something to consider carefully. Credit cards and multiple personal debts can be the bane of our existence. By consolidating several small loans into one manageable debt, reducing monthly repayments, you may improve your monthly cash flow. It could also make it easier to purchase vehicles, equipment…
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What is Home Equity? So, what is home equity? Home equity is the difference between what you owe on your loan, and your home’s current market value. For instance, if you have a home worth $600,000 and the balance remaining on your loan is $300,000, your home equity is worth $300,000. If your loan is…
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How Does an Offset Account Work? A lot of people ask “do you have an offset account?”, but the more common question asked is “how does an offset account work?” A lot of people are unsure of what an Offset Account is and how it works. Here’s an overview to explain it to you. …
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Thinking of Investing in Property? Buying a home to live in and investing in property still remains the favourite strategy of wealth creation in Australia. If you are looking to invest in your first rental property, there are many things to consider. Why Are you Buying An Investment? Is your strategy to gain capital growth;…
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Property Purchase by Private Treaty When a property is listed with a selling price, this is considered a Sale by Private Treaty, or a Private Sale. So when you buy, it is a property purchase by private treaty. The property is listed through a Real Estate Agent, with an asking price or an asking range.…
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Options for Home Renovations Rather than sell and buy a new property, it may be easier and more cost effective to stay where you are and renovate your home. When you sell, you have the very expensive cost of real estate agent selling fees. Then when you buy, there is stamp duty on the new property,…
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