Rate Shock!
What is it? Its not the shock you get when you finally decide to check your interest rate and realise you're paying way too much.... Rate...
Canstar look at what is changing in responsible lending laws.
“The relaxation of responsible lending laws is being touted as a change in responsibility from the bank back to the consumer,” Rebecca said.
What is a portable loan?
What is special about a ‘portable loan’? A question from a reader “ I believe our loan is a portable loan so that means we can take it...
Do I need to refinance?
When refinancing isn’t the best option. Sometimes people come to me and ask for a refinance, but they’re basically happy with their...
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...
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...
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...
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...
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...
