Do you have any idea what a home loan really ends up costing over the life of a mortgage? Thanks to the interest paid over an average 30-year loan term, the figures are eye-watering. Our lead article closely inspects the figures and delves into the simple yet incredibly effective strategies that can carve thousands of dollars off the life of a loan. If you’re in the market to sell a property, we look at the …
As we emerge from the hibernation of winter months, I hope you’re feeling spring in the air in your hood.
Are you looking to refinance soon? With most lenders looking at your last three months of financial activity to access your ability to repay a loan, we’ve got some hints and tips to make sure your finances are looking ship-shape when it’s time to refinance.
Get a great home loan rate at amp.com.au/home-loans/loans What you need to know Credit Provider is AMP Bank Limited ABN 15 081 596 009, AFSL & ACL 234517. Lending criteria, fees and T&Cs apply. For more information and target market determinations visit: amp.com.au/home-loans/loans Original Author: Produced by AMP and published on 14/07/2023 Source
Understand how a HELP loan works before you apply. Original Author: Produced by Moneysmart and published on 10/03/2020
The true value of financial advice Does investing in a financial planner really pay off? According to the latest research from Sunsuper you could be thousands of dollars better off when you make choices based on professional financial advice. Plus you’ll take more family holidays, have greater peace of mind and more confidence in your financial decisions. Teaming up with research experts, Core Data, Sunsuper have released The Value of Advice Report. Insights include financial forecasts …
Borrowing money: When and how to do it right We all know getting into debt isn’t really desirable. So are there times when borrowing is justified? And what’s the best approach to keeping repayments within reasonable limits? We spoke to CFP® Sandy Hopps to get expert advice on smart ways to borrow money. Recent reports and statistics show we’re no strangers to debt in Australia. According to OECD data from 2015, Australia is 4th in the world …
The blended family balancing act When one family becomes two – or more – financial stress can multiply too. Get expert tips from CERTIFIED FINANCIAL PLANNER® professional Fran Hughes about how blended families can work together on a straightforward and fair approach to managing money. Whatever your marital status, your 40s can be a challenging time financially. Growing kids are costing more, especially if you have to factor in school fees. And on the other side of the equation, …
Young and broke? There’s another way When you’re young it can seem like you’ll always be living from paycheck to paycheck with nothing left for the good things in life. According to guest contributor, James Trethewie Financial Planner AFP®, making a few changes to your money habits and attitude can make all the difference to your lifestyle, now and in the future. 1. Do away with debts If you’re not great at sticking to a …
Personal debt – maybe the mortgage isn’t so bad Household debt in Australia is high but more of us are taking a sensible approach to debt management. Nationally, our household debt ratio is nudging 200%. On paper it means we owe twice as much in debt as we bring home in our pay packets each year. It sounds like an alarming figure but as 74% of all households have some level of debt, the reality …
What’s debt consolidation and do I need it? Stuck with a post-Christmas spending hangover? Debt consolidation could be a solution, but tread carefully: there are no easy fixes. Debt consolidation involves taking all your monthly debts – for example, from your credit cards, store cards, mortgage, car and other loans and so on – and rolling them into a single low interest rate loan. If you are rolling all your debt, including high interest rate …
