It’s the most widely available financial product there is. More than 80% of households have at least one credit card. And if you dare to classify yourself as “average,” you have about four charge cards currently demagnetising themselves in your wallet.
To bolster your standing as an upstanding citizen of the world of plastic money, follow [...]
Crunching the numbers
Let’s review the numbers using John and Joanne’s example. They are first time property investors from Melbourne who have decided to invest in residential real estate to earn capital gains. However, because money is tight, they definitely want to minimize a negative cash flow outcome.
After window shopping at real estate agent display ads, [...]
Financial scams and fraudulent emails
This will be a part series as there are a lot of scams out there looking to take your money so we will explore them one at a time.
The first and probably the most seen scam is the ‘fake Bank Emails’. Here are some of the tell tale signs of this [...]
What! I hear you say, home loan interest rates to go down, well someone had to say it and it appears John Edwards from residex is the first to stand up and give his view on why the next rate move may be down.
He noted the top 5 reasons that he thinks are signs that [...]
Which is the better investment? It’s a question that comes up again and again. Let me first say that there is no right answer, it all depends on your own situation and your own goals. This point is very important because we are not all the same we have different jobs, family concerns, tax concerns [...]
You don’t have to take the Reserve Bank’s increase on the chin we explore a few idea’s that you can use to help combat any rate rise.
When a property is purchased at auction, it is deemed to be an unconditional contract, meaning it’s not subject to finance or any other standard conditions.
Pre-approval is a commitment from a lender that (in principle) you meet their criteria for a loan up to a certain amount, and [...]
At its meeting today, the Board decided to raise the cash rate by 25 basis points [...]
Every month we go through this ‘will they or won’t they?’ raise interest rates, and we sit pondering how this will effect us. It’s hard enough for families to plan there finances and lifestyle without the debate of which way interest rates are going. How do you plan 6 weeks down the track let [...]
Business conditions and confidence have eased slightly but still remain firmly in positive territory, which could prompt further official interest rate rises, a survey shows.
The National Australia Bank (NAB) said its survey showed optimism about future economic growth outshone a sharp fall in trading conditions in the March quarter.
NAB also said the Reserve [...]
By Jill Fraser for Lending Central
In a bid to cool off a dangerously hot property market China’s State Council has raised the LVR for buyers purchasing a second home from 40 per cent to 50 per cent while requiring mortgage rates to be no less than 1.1 times benchmark rates.
The State Council (China’s [...]
Will the Greek financial crisis give the RBA an excuse to put a hold on increasing the cash rate. Economists have indicated the RBA may loose it’s nerve to move the official cash rate next week despite the comments of the assistant governor Guy Debelle’s playing down Greece’s impact on the Australian economy.
Another senior [...]
We are always looking to increase the value of our home’s whether that’s by furnishing your home with new lounges tables and TV’s or putting in that new garden but does that increase the value of your home or just personalizes your home.
Worth a mention is that a valuation is done by a qualified valuer [...]
The RBA recently lifted its official interest rates by 0.25% taking them to 4.25% effective 7 April 2010. The RBA governor Glenn Stevens indicated Interest rates to most borrowers have been somewhat lower than average. The Board judges that with growth likely to be around trend and inflation close to target over the coming year, [...]
When refinancing which home loan is right for you? Learn the differences between fixed rate and variable and is interest only or principal and interest your best option. Refinancing can get you a lower mortgage repayment but it also has pitfalls…
Hundreds and thousands of people in Australia are throwing their money away by choosing the wrong mortgage! You can easily half the cost of your mortgage. Sounds impossible? It’s not that hard when you know how. All it takes is 2 easy steps:
Investing in property is a great way to build real wealth. Be armed with as much relevant information as possible before making a big investment?
There are so many home loans on the market these days with an increasing variety of rates, fees and features that it really pays to shop around. Where do I start finding a home loan? We’ll educate you about the different home loans which are available on the market.
Steps in the buying process include the contract, deposit, conveyancing and settlement.
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