Mortgage broker James Grima says it still possible for borrowers to secure mortgage rates that start with a ‘3’. Mr Grima said that sub 4% interest rates are possible if borrowers are prepared to accept principal and interest loan repayments on their home loans.
Omniwealth
Getting the facts right on Exchange Traded Funds
Over the last week conversations have continued with my clients about the recent share market drop. Several clients have asked what role Exchange Traded Funds (ETFs) have played? There are some commentators out there stating that the index approached used by ETFs are stifling liquidity, the underlying assets fluctuate in value (just like direct shares […]
Why does the share market just ‘lose it’?
The first week of February saw share markets around the world capitulate with the Australian market down 4.8%, US Dow Jones was down 7%, European markets were down 6.9% and Asia followed trend down 5.3%.
Thinking of upsizing? Don’t be attached to your old home
Many clients say to me that they want to keep their unit that was previously their home as an investment property. I’m going to share with you why this is not a smart financial move.
Budgeting to save money will not make you wealthy
Saving money alone will not make you wealthy. Having a deliberate plan to take some of your net income to go towards a dedicated investment strategy is what will help you build wealth and achieve your personal and financial goals.
Airbnb is a good earner but what about the CGT?
Airbnb can create extra income for you and your family, however this can cause some adverse tax consequences.
P&I loans may be only way into property market
P&I loans – Omniwealth Mortgage is seeing better prospects for Sydney home buyers looking to purchase a home with Principal and Interest repayments.
Funding an aged care deposit with reverse mortgage
In many cases, by using a reverse mortgage loan, the much-loved family home does not have to be sold to fund aged care entry costs.