The latest from Integrity Finance Australia
Congratulations on owning your own home! Paying it off will be hard work, but everyone has a mortgage, so it will be OK – won’t it? Unfortunately, many do not fully think that through. Debt is a reality for millions of Australians – from mortgages and car loans to credit cards and personal finance agreements. While debt itself isn’t inherently bad, it becomes a serious risk when life throws the unexpected your way.
Do you care about the environment and the planet?
In acting as your mortgage broker, we offer choices to you on many levels as to which lender you wish us to process your loan application to.
For many clients in complex situations, the challenge is simply in obtaining the required loan amount. With an ability to work with over 60 lenders, if it can be done, we will do it! The ‘best’ available option may be clearly one lender once the research is done.
As the end of the financial year (EOFY) creeps up quickly, now is the time to take a good look at your finances - especially if you own an investment property or are thinking about buying one. Whether it’s about tax savings, getting ahead on your home loan, or planning your next move, there are a few smart things you can do before the clock runs out.
Patterns and cycles are all around us. Your sub-conscious will be aware of them even if your conscious is not. To ‘see them’ requires an opening of the mind, and a look at the ‘big picture’.
Famously the Fibonacci patterns in nature (google it for a fascinating deep dive!) have been extended to daily use in financial analysis.
Nearly 10,000 people across Australia who have taken out first homebuyer (FHB) loans this year with no intention to live in them amid a growing but necessary trend to get their foot in the door.
New data has shown a 21.4 per cent rise in ‘rentvesting’: first home buyers taking out loans for their first residence, then renting out their new houses and units.
One could almost hear the collective sigh of relief through the nation when the Reserve Bank finally lowered the interest rates! Even if it is only by 0.25% so far, at least it is a starting move in the right direction.
By now that decrease should have flowed through to your bank’s variable rate loan. Have you checked yours?
