Home Loans

Help and Guidance

Budget 2014 and your home loan - What are the implications ?

Now that the budget is known, it’s time to do some tax planning for 30 June 2014. The clock is ticking and it is important that steps are taken to maximise the opportunities. For example, if you have an investment property loan, you should consider taking out an Interest in Advance home loan where you pre-pay 12 months interest and therefore receive a tax deduction for the interest this financial year. If you do this ...

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Home loans and property prices - To buy or not to buy ?

With significant increases in property prices being recorded across capital cities many of us question whether prices are too high, and if so when will they fall and return to “normal levels”. It also raises fears for some home buyers that they will be priced out of the market. So on the one hand home buyers do not wish to pay too much, while on the other hand they do not want to miss out. This can create enormous tension and stress. We get asked about this a lot. When considering what to do home buyers should remember a couple of important points ...

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What to do when facing redundancy with a home loan?

It seems that companies are announcing plans to lay off staff on a daily basis. In Australia over the last 3 months car manufacturers have indicated their intention to stop producing, Qantas has announced its intention to reduce its work force by 5,000 and while not as widely reported, Worley Parsons will be reducing its workforce by 500 staff. Not receiving wide media coverage are the knock on impacts to sub-contracting companies and suppliers as they inevitably have to reduce their workforce as demand their products and services decreases...

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Should you take a fixed rate home loan?

In managing home loan debt it’s always important to take an active approach. Specifically, home loan borrowers should stay abreast of interest rates and where the markets believe they are going. This is critical as it could save or cost you thousands of dollars, if you make the right or wrong decision to fix. There are some key rules that home loan borrowers should remember...

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How do home loan comparison rates work?

Can understanding what a comparison rate tells me help to get me the right loan?..

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What is an Interest Offset account and how do they work?

An Interest Offset account is a separate non-interest earning transaction account that is linked to the home loan account. The balance of funds held in the Interest Offset account is deducted from the home loan amount and interest is charged on the reduced balance...

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What is the home loan challenge?

There are over 5,000 home loan products on the market being sold by banks, non-banks and brokers on behalf of banks and non-banks. Before you see any of the above, following are a couple of questions you should consider:

Question 1: How do you know which product best suits your needs?

Question 2: How do you know whether the broker is independent?

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How to manage your credit cards?

Did you know that your borrowing capacity can be adversely impacted by the total of your credit card limits?..

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What is home loan innovation?

A very popular wealth creation strategy is after a few years of owning a property and paying down some of the home loan is to access the equity. There are two components to this equity...

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What is home loan loyalty?

Client loyalty comes from having great customer service and products e.g. home loan products that meet client needs. Home Loan product branding is also an important ingredient in creating loyalty. The challenge all financial services organisations face is to create a first class brand, high customer service standards and relevant products...

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What is debt consolidation?

At the heart of debt management is the number of debts you have and the range of interest rates you are paying...

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What is the role of mortgage brokers?

A WealthMaker mortgage broker can offer you smart home loan solutions that meet your objectives and suit your...

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Most Popular

  • “Home loans and property prices”

    Home Loans and Property Prices - To buy or not to buy? Written by Michael McAlary With...

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  • “Fixed Rate Loans”

    Fixed rate home loans... To fix, or not to fix? Written by Michael McAlary In managing home...

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  • “Home Loan Challenge”

    The home loan challenge... Written by Michael McAlary There are over 5,000 home loan products...

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  • “Home Loan Interest Rates in 2014”

    Home Loan Interest Rates in 2014... Written by Michael McAlary We do not anticipate any major...

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  • “Interest Offset Accounts”

    What is an Interest Offset account and how do they work? Written by Michael McAlary Interest...

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  • “Lifelong Investments”

    Home Loans & Lifelong Investments Written by Michael McAlary Home loan innovation...

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  • “Home Loan Loyalty”

    Home Loan Loyalty Written by Michael McAlary Client loyalty comes from having great customer...

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  • “Home Loans - Convergence of Lending and Investments”

    The Convergence of Lending and Investments Written by Michael McAlary There is a lot of media...

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