Some tips and tricks to paying off your home loan sooner. Buying a home is likely the most significant financial transaction you’ll ever make. So it stands to reason that your home loan will be your largest ongoing financial obligation. Imagine what life would be like without that monthly or fortnightly strain on your income? […]
It may be an admirable trait in personal relationships, but in financial matters, loyalty can come at a cost. Sticking with the same loan longer than three years can cost borrowers thousands, with competition to win business resulting in new customers paying lower rates than existing ones. This so-called loyalty tax has become such a
Whether you think it’s a necessary evil, believe it makes the world go round or wish it grew on trees — money is an essential part of life. Take our quiz to test how much you really know about your money and how it can work for you. Answers 1. TRUE. You don’t have to retire to
With interest rates at an historical low, now could be the time to make the most of your disposable income and pay off your mortgage sooner with an offset savings account. Offset accounts are not new but nearly half of Australian mortgage holders are unsure what they are and could be missing out on big
Switching home loans could help pay down your mortgage sooner, providing you are refinancing for the right reasons and understand what’s involved. Here’s our guide to refinancing to help you make the right move when the time comes. Know the costs Paying 0.5 per cent less per annum on a $250,000 principal-and-interest mortgage will save
June 30 signals the end of another financial year. There’s still a little time to get this year’s finances in order or take the opportunity to make some resolutions about how you manage your money from July 1. Here are Haven’s top tips for a more fiscally fabulous financial year. Manage your mortgage It’s easy
“Flipping” might be the new word on the block but Australians have long been part of the reno revolution. Some are looking for fast returns (the flip), while others are upgrading after being in a home for several years. Whichever your strategy, chances are the goal remains the same: to renovate for profit. Here are
One in two Australian home buyers1 now borrow via a broker. A dip in sentiment towards traditional banks, tighter lending criteria for investors and better-educated consumers have all helped boost mortgage brokers’ popularity over the past decade. There are, indeed, a raft of reasons to turn to a broker for your next home loan. Here are
Most mortgages are spread out over 25 to 30 years, but it doesn’t have to be that way. With a few simple strategies you can take years and thousands off your loan, and it’s much easier than you might think. Everyone would love to have no home loan, but a mortgage is part of life
Why smaller lenders are making a big change in banking. The history of Australian banking has always been dominated by the big four – ANZ, Commonwealth Bank, NAB and Westpac. But more Australians than ever are now turning to smaller lenders and non-banks to finance their home loans. Is your loyalty worth it? Many of