HOME LOAN FEES
If you thought that home loans only came with “borrow a sum, pay that exact sum back,” you are highly mistaken. A loan is more or less a favour – and no one does favours for free. You’ll still have [...]
PRO TIPS TO PAY OFF YOUR HOME LOAN
Tip #1: Pick the right loan for your needs Do you want the option to repay the whole loan earlier than expected? If so, then a variable-rate loan may be the better choice, as they tend to be [...]
NEGATIVE GEARING
“Gearing,” by definition, simply means to borrow money to buy an asset. For instance, when you take out a loan to buy a property, that’s gearing. Basically, there are three types of gearing: Negative gearing, where the interest you’re paying [...]
PROPERTIES AND TAX DEPRECIATION
Can I Deduct Depreciation on my Investment Property? Tax depreciation helps property investors save significantly on taxes. However, not all property investors take full advantage of the tax savings available to them. To help you make a wise decision, [...]
CREDIT CARDS AND YOUR HOME LOAN
Your credit card will affect your loan application. Unfortunately, most borrowers assume it will not affect their borrowing capacity because they pay off their credit card debt every month. This article will explain how your credit card will lower your [...]
COSTS WHEN BYING YOUR HOME
Buying the house of your dreams implies more costs than the initial price tag of the property. All responsible buyers should be knowledgeable regarding the hidden costs linked to purchasing a house. Stamp Duty To start with, stamp duty [...]
PRINCIPAL AND INTEREST OR INTEREST ONLY
When you are in the market to buy a home, you'll realize pretty quickly that there are a lot of important decisions to make. One of the most fundamental of those decisions involves how you want to repay the loan [...]