Category Archives: Calculators and Tools

5 Things to Avoid Before Applying for a Mortgage

July 25, 2018

Certainly, buying a house in Australia is one of the biggest financial investments that you can make in your lifetime. To own a home, it is essential to get a home loan. However, if you end up choosing inappropriate loan for your mortgage, you will have to pay more for it. Thus, it is imperative […]

How to pick a Right Mortgage?

December 6, 2017

While looking for loans, people come across so many options of banks, lending institutions and lenders that are ready to offer loans as per the needs, such as bad credit home loans, no doc loans and more. If you have a low credit rating, there’s no need to despair. The home loan with bad credit […]

Pay Off Your Mortgage Faster With These Simple Tips

October 18, 2017

Buying a home is always a dream for everyone. Usually, in Australia people choose mortgage to buy a house to live in or as an investment property. Sometimes, people prefer to choose Australia Mortgage Brokers that provide help and support throughout the process. The Mortgage Brokers in Brisbane make the whole mortgage process easy with […]

Tips To Get Rid Of Mortgage Debt As Fast As Possible

March 16, 2017

If you are thinking of buying a home, then getting a home loan is going to be the biggest investment that you will make in your life. Needless to say, you definitely want to get rid of this mortgage monkey as fast as possible. There are some tips through which you can pay off your […]

Your Step-by-Step Guide to Mortgage Financing

February 22, 2017

Mortgage is a financial factor that troubles many with questions like how to manage it, which rate will be good and how they can save for a deposit. However, you can complete this task easily if you plan it properly. If you are confused about where to start, then here is your step-by-step guide. How […]

Go for the Right Loan by Choosing the Mortgage Broker That Suits You Best

December 5, 2016

For customers, usually the mortgage brokers offering lowest rates and fees seem to be the best. However, it will not cover up for the poor service or lack of transparency. There are certain points that you can consider while evaluating a mortgage broker, such as – Experience required –If you are a first time buyer, […]

Take Care of Tax Debt On-Time Rather Than Ignoring It

November 22, 2016

There can be many reasons due to which people owe tax debts. No doubt, these can be avoided by returning the taxes on time, thus minimizing the penalties. Even if you know that you cannot afford to pay for the taxes, you should file the tax return on time in order to avoid greater tax […]

Always Know the Pros & Cons of No Credit Check Loan before Going for It

November 14, 2016

One can avail no credit check loans anytime for a shorter period if he wants to borrow low amount. These are specially designed for people with bad credits. This loan has both the pros and cons, which you need to fully analyse prior to applying for it. The certain advantages of these loans through which […]

Better To Get Aware Of the Debt Consolidation Program before Going for It

October 4, 2016

Debt consolidation programs are specially meant for people who are paying off various loans. This is the best alternative to consolidate all into a single loan, which will make their lives much easier. Its ability to stretch your payments out over a longer period has really attracted many customers towards it. You need to make […]

Borrowing Alternatives In Case You Have Been Rejected For a Loan

September 26, 2016

What if you are in urgent need for money and your application for loan approval has been rejected by the bank. Is not it heartbreaking? If yes, then there are some tips for such people who cannot afford to pay off their debt without a loan. The banks generally approve the loan based on your […]

4 Tips to Get Your Loan Approved On Time

August 17, 2016

You can be in need of a loan at some point in life. Getting your loan approved by the banks is a very tricky and smart task that needs extra efforts to put in. Thus, there are some tips that you must follow in order to get your loan approved. Homework prior to applying for […]

Organizing Your Finances Is the Best Way to Live a Blissful Life

August 11, 2016

Have you ever noticed where your money is actually going? Have you ever sorted out your finances to check how quickly you have run out of funds? If you ever experienced such things before, you really need tips to stay on top of your finances. Try to have good credit score- Always make sure that […]

Interest Rates are Again on Hold At 2.0 Per Cent for April 2016

April 7, 2016

As per the RBA meeting today, the board decided to leave the interest rate on hold on 2.0 per cent for another consecutive month, seeing the current conditions. The information collected shows that: Global economy is growing at a slightly lower level as per the expectations Commodity prices have increased a bit, but Australia is […]

How to Save Money on Your Mortgage Cleverly

March 9, 2016

Saving money on your mortgage is important and a big commitment and this may take years. Thus, it’s mandatory that you choose appropriate methods to save money on your mortgage. Given below are some methods to save money: Try to add one extra payment every year: One of the easiest ways to save money is […]

Interest Rates are Again on Hold at 2.0 per cent for March – 2016 Too

March 1, 2016

As per the RBA’s board meeting today, interest rates are still on hold at 2.0%. It’s been tenth consecutive month since last rate cut, that rates are constant. The information collected shows that: Global economy is continuing to grow, though at a slightly lower pace than earlier expected. Several advanced economies have recorded improved growth […]

For Small Business Owners, Here are Some Easy Tips & Tricks

February 29, 2016

Saying goodbye to working for someone else is one of the biggest achievement that represents an ideal way of living – what else could be great feeling than being your own boss? Running your own business represents a unique range of challenges and this turn out to be the rewarding experiences of your life. If […]

Aussie Homeowners Mortgage Refinancing Rate Hits Record Levels

February 23, 2016

As per the analysis of consumer data, it can be seen that the mortgage refinancing becomes very frequent among Aussie homeowners, thereby reaching record levels. Finder.com.au compiles the stats by ABS, that shows that almost 22,000 Australians refinanced their mortgages in December 2015. At this Bessie Hassan, consumer advocate at finder.com.au, says she expects that […]

Broker VS Dealership Which One Slays?

February 16, 2016

Okay, you know the difference between the each. Moreover, if you do not, and you’re hesitating to ask, this post is entirely made for you. A broker – In a word, a broker is an independent agent who works as a third party. He brings sellers and buyers together. Dealership Finance – Also known as […]

Things to Consider When Interest Rates Rise

February 12, 2016

These days, the most common question I get from borrower is, “what happens if interest rates rise? Let me answer this question with more specificity. Well, once you are done with the process of getting a home loan, you will be having a clear idea about your borrowing capacity as well as about your monthly […]

Rate Hikes By Major Banks Contributes To Housing Unaffordability

February 5, 2016

A new report has been relased by HIA on housing affordability, that shows that rising of interest rates by major banks contributes to housing unaffordability. As per the report in the December quarter the housing affordability got affected by 6.4 per cent. At this, HIA senior economist Shane Garrett says, “This is a direct result […]

Is it Really Difficult to Meet Your Loan Repayments?

February 4, 2016

In the event that you said yes then right now is an ideal opportunity to assume responsibility of your debt before it spirals crazy. One method for doing this is to disentangle things through a debt consolidation program. Debt consolidation works in the event that you don’t have bankruptcy or a default on your credit […]

6 Mortgage Health Checks You Should Perform On Your Own – Part II

January 29, 2016

In the previous section of this blog, we have talked about the regular-cum-inevitable changes in our life and how these should be in sync with our loan. You must have found it very fruitful to ask yourself questions like – ‘How necessary the features are for me?’ and information such as – you need to […]

NSW Stamp Duty Abolition Discussion Continues

January 20, 2016

Australia property council releases a statement to the state government, to re – consider, their request for stamp duty abolition. The latest figures revealed that this time the state government is about to generate a stamp duty revenue of about 8 billion dollars, the amount is double than that it was four years ago. NSW […]

Fixed Rate Loans Demand Continue To Rise

January 15, 2016

As the interest rates are still on historic lows, the demand for fixed rate loans among Aussies continue to rise, as seen in the all loans written for December. For the December month, among all the loans, fixed rate loans contributed 19.44%, whereas in the last month the figures were 17.39%, as per the data […]

What you need to Know before You Apply for an Unsecured Business Loan

January 8, 2016

Unsecured business loans are an awesome different option for customary bank loans due to their adaptability and availability. For small businesses specifically, unsecured loans don’t require the same chaos of printed material and expansive unmaintainable insurances. In that way, it bodes well for small entrepreneurs to get an unsecured business loan. Here are a percentage […]

Weak Property Prices Results in Tougher Lending Standards

January 5, 2016

Due to dip in Sydney and Melbourne property prices, the banks have made stricter lending standards for both investors and owner occupiers. As per the data collected by one of the Australian Mortgage Broker named Home loan experts, A couple with combined income of $120,000 purchasing an investment property will have to make do with […]

Four Little Known Things to Consider While Comparing Equipment Finance

December 4, 2015

Are you thinking of developing your business? What do you think is the most important step you can take in order to develop it? While we come across various ways a businessman/woman can aid their enterprise to grow and nourish in the market, one of the most important step is to purchase the latest machinery […]

Interest Rates are on Hold At 2.0% for December – 2015

December 1, 2015

As per the last monetary policy meeting by RBA for the year 2015, the board decided to keep the interest rate unchanged to 2.0 per cent. The decision of RBA is in accordance with the expectations of majority of economiststhat the interest rate cuts will be kept constant at 2.0 per cent for this year. […]

What all you can expect from a Mortgage Broker?

November 16, 2015

If you want to buy a new home, secure an investment property, or perhaps take control of your debt, you’ve taken an enormous commencement towards your finances. All monetary selections, whether they’re focused on finance or saving, are brave and typically necessary actions, however does anyone know where to start? Once you’ve taken that huge […]

Chances of Interest Rate Cuts are Less As Economy Slows Down

October 21, 2015

The interest rates are unchanged to 2 per cent since rate cut in May. The next board meeting is on November 3, and the expectations are that the rate will still remain unchanged. Westpac’s chief economist Bill Evans says, “The Reserve Bank is unlikely to deliver a Melbourne Cup Day interest rate cut because the […]

Tough Times? Here’s How You Can Lower Your Mortgage Repayments

October 9, 2015

Are you already on budget at the time you have to repay your mortgage amount? We know that since the unemployment rates are increasing, there is a certain panic situation arose due to the mortgage repayments getting higher. Anyhow, you can make it possible to lower the mortgage repayments by making it to big savings. […]

Rental Prices in Sydney are Touching Heights

October 8, 2015

A new property research has been carried out, results of which revealed that rental prices in Sydney are growing at a faster rate than in the past years. The Domain’s rental market report released showed that the median rental cost of the harbour city got a rise of 1 per cent in the September quarter […]

Rise in Investor Loan Rates is Shifting Borrowers towards Owner-occupiers Finance

September 2, 2015

As the major Australian banks have increased the investor loans interest rates, to meet the APRA 10 per cent guidelines. At this the in property investors starting shifting their loans to owner-occupiers loans. This is the first time since 90’s that the banks have to take this step. Banks says that, the number of customers […]

RBA Decided to Keep the Interest Rate on Hold For September Month Too

September 1, 2015

As per the RBA’s meeting today, the board decided to keep the interest rate on hold for the 4th consecutive month at 2.0 per cent. In the meeting RBA Governor highlighted the following points: Equity markets have been considerably more volatile of late, associated with developments in China, though other financial markets have been relatively […]

Lenders Must Lift Standards for Interest Only Loans – Said ASIC

August 20, 2015

According to ASIC, Australian lenders, that offers interest only loans should lift their standards to meet important consumer protection laws. The demand of interest only finance increased by approx. 80 percent since the year 2012, as reported by ASIC. A review was conducted by the regulator among 11 lenders including the major ones, i.e. CBA, […]

Six Avoidable Mortgage Blunders That You Can’t Afford to Make

July 20, 2015

Mortgage blunders cost you dearly and you would not agree more. You are led to a refused mortgage after investing time, money or both of them. Mortgage refers to the property you conveyed to the creditor (bank, building society etc.) as a security on the loan you took. It’s kind of, the biggest debt most […]

Aussies are Facing Growing Stamp Duty Burden on Repayments – HIA

July 17, 2015

Increasing stamp duty costs in various Australian states is pushing Aussies in trouble, according to Housing Industry Association (HIA). As per the HIA Winter 2015 Stamp Duty Watch report, it has been seen that the Australian property investors are facing this stamp duty burden since the end of last year that causes a major increase […]

A Survey Found that Stamp Duty Abolition Leads to High GST

July 14, 2015

As per the new survey done by property council of Australia, it has been found that majority of Australians will support a rise in GST if stamp duty would be abolished. Property council of Australia commissioned a report named Community attitudes towards tax reform, in which polling was done among Australians. As a result, it […]

Melbourne Suffered Biggest Stamp Duty Inflation over Past Two Decades

June 17, 2015

Aussies who are investing in property have suffered massive rise in stamp duty costs in the past decades. As per the new research by Property Council of Australia, all the regions have got a rise in stamp duty value, but the region that has suffered a maximum rise is Melbourne that got an increase of […]

Here is an Excerpt from ASIC’s Ruling for Brokers and what’s in it for them…

June 15, 2015

Australian Securities and Investment Commission (ASIC) published a report wherein the purpose of the report was to review the small loans industry and reinforce adherence to the small-amount lending provisions included in the 2013 Enhancements Act. To ensure consumer protection and incorporate a nation-wide approach to help further regulate this rapidly growing industry, these lending […]

Business Loans Growth is expected to Gain a Steep Hike

May 14, 2015

Monthly business survey done by RBA has shown that the business lending growth increased to a much lower level in the month of April. As per the research done by Bibby Financial Services among SMEs, it has been concluded that despite weak economic conditions and concerns that government policies are not working, SMEs are ready […]

Property Council’s Plans to Eliminate Stamp Duty Soon

April 24, 2015

Australia’s Property Council is planning to completely put an end to “Stamp Duty”, but warns against using the Australian Capital Territory’s reform model, which has led to a sharp hike in commercial property rates. The council is now thinking upon to build upon such a model that will deliver a honeymoon period for people who’ve […]

Stamp Duty Rose by 9% in New South Wales in the Year 2014

February 20, 2015

According to a report from the Real Estate Institute of Australia – the state’s homeowners were hit by an average stamp duty bill of $33,490 in December 2014. That marked a nine per cent increase on the $30,723 figure recorded the year before. Malcolm Gunning, the president of the Real Estate Institute of Australia has […]

Housing Prices Roar, Interest Rates Still Rolling Low

January 30, 2015

As per the latest Domain Group’s House Price Report, house prices are continuing to rise, with most capital cities seeing an increase in price growth over the December quarter. The national median house price increased by 2.1% over the period, while the national median unit price increased by 1.7%. This lead to a 7.1% increase […]

Painful Mortgage Defaults – An Overview

December 24, 2014

There has been a wave of painful mortgage defaults all over that has brought many powerful economies including UK, US, Spain and Canada to their knees. However, Australian borrowers have been the fortunate bunch. As per the recent information published by Reserve Bank, it concluded that size of the debt that a person takes makes […]

Top 3 Financial Scams of Australia in 2014

December 23, 2014

Email scams remained one of the most widely used methods of targeting Australians wherein scammers used name and logos of the companies. One such incident took place in Auguust 2014, wherein scammers use to send emails to customers with the name of Australia Post’s logo and asked them to collect their parcel from the near […]

Refinancing – Know Your Objective, Know Your Alternative

December 16, 2014

If you have applied for a home loan and you think it can be modified to suit your financial needs in a better way, then you must consider refinancing your mortgage to get the best out of your loan and especially in case of home loan, you should re-visit every once in a while. Here […]

Buying a To-let! Consider these factors too

December 2, 2014

Due to constantly rising demand for housing in Australia with a rise in population and the number of immigrants, more and more people are looking for the long-term rental properties. Therefore, investing in buy- to- let property is a great way to make profit in the real estate market. Experienced property investors are always doing […]

Key Pointers to Selecting a Legit Loan Lender

November 27, 2014

Everyone needs a loan at some point in his or her life, be it a home loan, truck loan or a personal loan. As a borrower, when you decide to secure a loan there are so many doubts and concerns surrounding your mind? To guide you through your decision making process, here are some important […]

How to Ensure You Have Selected the Right Property Manager for Your Investment

November 26, 2014

With the growing number of property investors, there is an increased demand for property managers as well. These days, property investment through home loans has become a flourishing industry; people are paying lot of attention in choosing a right property manager to get the best possible deal. Here are some pointers that can assist you […]

Five Step Program to Come Out of Debt

November 25, 2014

There are many ways to come out of debt, and each one caters to a person’s individual circumstances. If have some major debt to pay and have no idea of how to go about it then this five step program can guide you in managing your finances in a better way. You can customize this […]

How you can benefit from a Mortgage Broker?

November 23, 2014

A good mortgage broker can make the complete buying journey stress free for you. Financial brokers have access to broad range of products and stay updated with industry information. They can help you from buying a home to selecting a home loan that suits your needs best. To get the best out of your mortgage […]

Reverse Mortgage – The Longer You Have It, The Bigger It Gets

November 13, 2014

A reverse mortgage allows you to borrow money against your home, without having to make repayments. It has significant impact on your finances and relationship and the way you live your life after retirement. You might notice the word “Retirement”. It concludes that this option is only meant for those who are over 60 years […]

Construction Loans – A Pathway to Your Dream Home in Australia

November 13, 2014

Australian loans and mortgages are a great way to own your dream home in just few months. It is a proven strategic approach to construct a perfect house for living with your family in an environment with all the modern facilities and amenities. You can build your dream house in some of the prominent locations […]

Not Just Compare Loans, Compare Lenders as Well

November 10, 2014

Before taking the decision to purchase a new home on a good mortgage deal, the first and foremost step is to investigate and examine the mortgage lending company, along with their overall track record and current financial status. Here are five points checklist you must consider to make a comparison between different mortgage lenders: Loan […]

Four Questions to Ask From Your Broker before You Start

November 10, 2014

When you have decided to secure a home loan for a property, there are number of questions that strikes in your mind about the services of your broker or any particular lending firm. Some lenders have limited range of product and some of them have customized options that can be tailored according to your requirements. […]

Borrowers! Get Away With Three Refinancing Mistakes

November 10, 2014

When you have decided to consider for a refinance, you are generally struck with a question of how much you can borrow or how quickly the whole process get organized? It means you may forget some of the factors that have the potential to create bigger hustle in the new mortgage process. However, if you […]

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