This article provides a guide on how to prepare for, and future proof, your home purchase to ensure you avoid experiencing a home loan headache! It also covers a range of actions that can be taken when experiencing mortgage stress. – Avoid a home loan headache.
This article illustrates the importance of budgeting, saving and structuring loans to work in your favour, rather than purchasing on credit. It reiterates the importance of professional advice in early adult life to establish good habits and build financial knowledge. – How much interest are you actually paying?
To control inflation, central banks have responded by tightening monetary policy and lifting interest rates. But the good news is that inflation is likely to ease. – Interest rates: will they continue to rise?
This article discusses the importance of understanding your home loan interest rates and how interest rate changes affect your mortgage. It includes a formula to calculate your home loan repayments and concludes with a recommendation to seek the assistance of a mortgage broker. – How interest rate changes affect your mortgage.
This article addresses potential financial stress caused by the expiry of the interest-only period of IO loans. It uses a case study to explain how these loans work when managed well and then provides some options for borrowers who might not be able to meet increased repayments when the IO period ends. – Managing the transition of your interest-only loan.