Redraw Facility...great for emergencies!
Redraw Facility: If you have made any lump sum or additional principal repayments to your loan account, you can access those extra...
What structure should you use to buy your property?
Most people, when buying a home to live in with your spouse and your family, will buy the home as ‘Joint tenants’, that is, essentially...
Refinancing...
Refinancing: This means that you switch your current loan from one lender to another; this might be to save interest, to access equity or...
Beware the cost of lost opportunity
Occasionally we are presented with opportunities that we know or believe would make a difference in our lives – and sometimes they are...
Standard Variable Rate
Standard Variable Rate: An interest rate, which is applied to a loan. These may have features such as redraw facility, construction,...
Fixed rate...to fix or not to fix?
Fixed Rate: An interest rate set for an agreed term. Eg. for 2, 3, or 5 years. Fixed rates are akin to a contract – you agree to pay the...
Buying with Friends or Family!
In our area we are blessed to be surrounded by plenty of land, open space, and a lot of it is acre lots and over. And we desire it, we...
Line of Credit loan
Line of Credit Loan: This is a flexible loan that allows you to have funds transferred to your cheque account when required (it often...
What is special about a ‘portable loan’?
Most lenders offer portability with their home loans, but what does that actually mean? If your loan is portable it means you can change...
Genuine Savings...time to save!
Genuine Savings: Genuine savings are a requirement where we are borrowing more than 90% of the value of the house and simply put it means...
