Did you know a self-managed super fund (SMSF) can borrow money to purchase assets such as property and shares?
mortgage
Many retirees still have mortgages – keeping the bank at bay
An interesting statistic is that 40% of retirees approaching Pension Boost to assist with Pension Loans Scheme (PLS) applications still have mortgages. Retired couples applying for PLS with pre-existing debt were servicing median mortgage amounts of $158,000 at a median age of 72 years.
Q&A with Aaron Fuda from Omniwealth
Aaron Fuda from Omniwealth Mortgage Broking recently spoke with Chris Hocking about about how they’re seeing the current buying landscape for property investors.
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.
How to own your home faster
You should be reviewing your home loan rates once a year. If you aren’t then you are potentially missing out on a truckload of savings.
Inheriting a property with a mortgage
You’ve inherited a property, but is the inherited property liable to repay the remaining mortgage debt? Your debts don’t die with you. They survive you and have to be paid from your estate. In the recent case of Winn v Harding, the New South Wales Supreme Court was asked to assess whether the gifted property […]