How Much Can I (AFFORD to) Borrow?

2019-04-26T02:08:38+10:00

It's easy to get carried away when planning for your first home.  The general practice is to hop onto a bank calculator to determine your maximum borrowing capacity.  Armed with that figure you might start searching one of the online real-estate websites or visit some house and land display villages. This is actually a [...]

How Much Can I (AFFORD to) Borrow? 2019-04-26T02:08:38+10:00

Refinancing: Longer Loans Save a Bit But Cost a Lot

2019-04-26T02:07:05+10:00

Probably the second biggest mistake I see people make when refinancing their home loan is being talked into the maximum term by their broker or bank manager.  The reasoning is sound – it will lower their repayments.  But what about the long-term consequences?  Well, they aren’t so great. Basically you will end up paying more [...]

Refinancing: Longer Loans Save a Bit But Cost a Lot 2019-04-26T02:07:05+10:00

Broker Commissions Increase Your Repayments & Interest

2019-04-26T02:00:58+10:00

Probably the most common mistake to avoid when refinancing (or even getting your first loan) is not getting the commissions from the actual loan paid back to you.  Or taking it one step further, it is taking a loan that pays the highest commissions to the person that sourced it for you. This is the [...]

Broker Commissions Increase Your Repayments & Interest 2019-04-26T02:00:58+10:00

How to Compare Comparison Rates

2019-04-26T02:01:48+10:00

Have you ever looked at an advertised loan rate and gotten really excited about the low interest rate?  But then noticed another rate called the 'comparison rate' which appears quite higher?  Does this confuse you about the cost of loan?  A comparison rate should make things easier rather than more difficult but that isn't always [...]

How to Compare Comparison Rates 2019-04-26T02:01:48+10:00