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On your marks, get set, go! The race is on for limited spots in the federal government’s First Home Loan Deposit Scheme, which kicked off again on July 1.⁣⁣ ⁣⁣ The scheme allows eligible first home buyers with only a 5% deposit to purchase a property without paying for lenders mortgage insurance (LMI) – which […]

If you’ve ever found yourself being pressured into being social at work and found that you are spending all your hard earned dollars during the week which is taking away from money that could be better spent on the next holiday or on the weekend. In my previous career when I first came out of

Loyalty is an admiral trait when it comes to our friends, family and loved ones. But if you’re extending that virtue to the banks, then there’s a good chance it’s costing you thousands of dollars. That’s the takeout from the ACCC’s latest Home Loan Price Inquiry interim report. It shows that although interest rates charged

Every now and then a bank does something that bucks the trend and takes customers by surprise. Today we’ll look at two cases that recently made national headlines and how you can reduce your chances of getting caught out. While the below two examples may not relate to your home loan specifically, they do serve

Promising news for SMEs this week: supply chain financing provider Greensill has given late-paying companies formal notice that it will ditch them if they continue to extend their payment terms beyond 30 days. This is good news for SMEs because cash flow problems – which are often caused by, or exacerbated by, late payments –

The dreaded and controversial stamp duty tax could soon be a thing of the past, with calls for it to be abolished gaining momentum. The Property Council of Australia is the latest body to add their voice to the chorus this month after both the NSW and Victorian state governments ramped up calls for stamp duty

The 10,000 guarantees available via the new First Home Loan Deposit Scheme have been filled or reserved, but for those who missed out there’s a second chance coming soon in July. There have been 5,500 guarantees issued under the federal government scheme, while another 4500 borrowers have guarantees reserved in the coming months. The scheme,

Late payments and loan defaults leave marks on a credit history that can complicate any effort to refinance or secure a loan in the future. Default can also lead to a home being repossessed and sold by the lender, so it’s very important to act quickly to avoid it. While late bill payments and a

A lot of people wonder why you would go to a mortgage broker when you can go straight to the bank? There are lots of advantages, here are 5 of them. Convenience – Why would you spend time going to multiple banks when you can see a mortgage broker who can take care of the whole process

Got your eye on a shiny new vehicle for your business thanks to the $150,000 instant asset write-off? We’ve got the answers to the FAQs many business owners are asking ahead of the looming EOFY deadline. Need a new van for that delivery service your business has started? Or perhaps your trusty old ute is