With soaring house prices in all Australian capital cities and many popular regional areas, the “bank of mum and dad” has never been more popular as a way to help your kids get their first step onto the property market ladder, whether to buy their first home to live in or their first real estate investment.
home loan
Do I pay down my home loan or make a super contribution?
Does it make sense to make additional concessional contributions to superannuation if you still have non-deductible debt such as a home loan?
Helping one of your children with a home deposit
More parents are contemplating helping children enter the home market.
Omniwealth: New Financial Year wealth tips
Australia has some of the highest personal debt levels in the world and it is only increasing. Some of these debts are incurring interest at over 20%. If you pay down this debt it means you are receiving a guaranteed 20% return on your money.
Want to increase your borrowing power by $100K?
Many first-home buyers just can’t quite afford the property they want in Sydney and Melbourne. People seeking to buy in the inner-city suburbs that are well serviced by public transport should think about ditching the car.
So, what happens when your interest-only loan expires?
Borrowers need to be ready for the cash flow effects of moving from interest-only loans to generally higher repayments on principal & interest loans.
New Financial Year wealth tips
Steven Korner suggests six key ways to help build wealth and propel you on your path to financial independence.
Mortgage broker says 3% mortgage still possible
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.