Revert rates kick in at the end of the fixed rate or introductory rate period of a home loan, yet many borrowers are unaware of their existence. If you don’t choose to re-fix your home loan when its term expires, the rate usually reverts to a variable interest rate. This ‘standard variable’ rate is often…
Spring is here and you’re preparing your home for sale. You know that it needs to be clean and tidy for the endless procession of open house inspections, but is this enough to secure the best sale? Here we look at the tips and tricks home stylists use to make a home memorable to potential…
Offset accounts are known for their ability to save money, but is the balance of your offset account high enough for it to deliver results? An offset account is a transaction account linked to your home loan. The money in this account is deducted against the balance of your loan, reducing the amount of interest…
Despite the growth in median house prices, a new report shows that Australians are still keen on home ownership. KPMG’s Australian Home Loan Market survey found that 63% of respondents plan to apply for a mortgage in the next two years. Over 600 KPMG professionals aged 21-65 years with annual incomes of between $70,000 and $250,000 took…
There is more to selling your home than putting up a ‘For Sale’ sign on your front lawn. Here are the first things you should check off your list to help you get the largest return from your investment and to ensure the process runs as smoothly as possible. Choose a quality agent Asking family…
While SMEs account for 97 per cent of Australian businesses, it can still be difficult to make a case to a bank when looking for finance to start a new business or invest in the growth of an existing one. The good news is that applying for commercial finance through a bank is far from…
If you apply for a home loan, particularly if the loan is for more than 80 per cent of a property’s value, you’ll more than likely have to prove to lenders that you have a satisfactory amount of savings. This is to demonstrate your ability to funnel a portion of your income into repayments. Although…
Refinancing can be a great way to save money if you believe you are paying too much for your loan, but there is more to it than just finding a loan with a lower interest rate and making the change. Before making the switch, ensure the savings you could make outweigh the fees involved. Here…
As property prices continue to rise, purchasing in a centrally-located or sought-after area is out of reach for the average working millennial. Instead, many are opting to rent rather than buy as it means not having to compromise their inner city or beachside lifestyle. But for those who are still eager to enter the market,…
Refinancing your assets to renovate a property is a significant decision that will hopefully improve your standard of living or add substantial value to your property. Refinancing isn’t as straightforward as you might expect. The type of renovation proposed goes a long way to dictating the loan required. If the wrong loan is chosen, you…
