One of the most important sector of finance in the Australia is Mortgage. This industry is vital aspect of the financial sector. Mostly, banks, pension funds, mortgage concerns, credit unions, insurance companies and societies provide loans. Generally, two types of mortgages are available, when it comes to rates, i.e. variable rate (where rate differs at the choice of the loan provider) and standard rate (where the loan is provided at a particular standard rate). Continue reading
Being a responsible citizen of the country, it is very important for you to understand the need to file tax returns every year on or before the stipulated due date. While many people might feel that filing tax returns is a very complex and messy affair, it is not actually so, provided you know how to go about it. However, it is important for you to have a clear idea as to how to go about the entire job of filing taxes. Here are few important and useful tips that could be very useful. Continue reading
You wake up every morning and start your life with money. We save our hard earned money aside for emergencies and end up spending it on silly things. Here are a few ways in which people waste their money.
Starting from speeding tickets to the parking tickets, these make a 200 to 500 dollar difference on your savings. You can reduce your traffic tickets and see how much money you end up saving.
When you find attractive low rates offered by another lender, you can try switching to the new lender. However, you need to look into the exit fee charged by present mortgager. You also need to know how much the new mortgager will charge for arrangement, valuation and legal charges.
To compete with the “Best Buy” offers, some lenders keep interest rates low and jack up the arrangement fee. Whereas, some lenders claim to offer free valuation and legal fees but keep the interest, on higher side. Continue reading
Are you planning to buy a new house or to change the current mortgage? Every year, thousands of mortgage applications get rejected for varying reasons. If you are planning to apply for a mortgage any sooner, make sure to read the following points to increase the probability of your application approval. Continue reading
There is no doubt that the economy is looking up again and hence, quite a few investors in the real estate industry are flocking back to the real estate market again. Apart from some green shoots being seen here and there, there is also the advantage of low interests which also is helping these professionals to try their hand in the real estate industry. However, getting finance on your property, investment or even rental real estate is quite challenging and there are quite a few important points which need to be taken into account. Let us try and find out the various ways by which one can raise finance on various types of properties. Continue reading
How long do you think your pension pot would last? What would happen if you outlive your pension pot? According to the last month’s budget, after reaching the age of 55, the individual gets access to his pension pot. The problem is that you cannot determine how long a person would live. You cannot get a closer or approximate value too. Continue reading
One of the best ways to invest money is to buy a house. However, one cannot afford to spend all his money on a house. With banks reducing the mortgage constraints and reducing the home loan rates to less than 5%, it is very tempting to buy a house. Though the house value is increasing constantly, it is important to have a limit on expenditure. (on how much to spend). The house might be the biggest investment that a person makes in his lifetime and it is important to be smart in this investment. Continue reading
It is a known fact that almost all of us have to depend on some types of loans during our journey of life. It could be a home mortgage loan, car loan, consumer durable loans, personal loans or even uninhibited use of credit cards. While there is nothing wrong with loans, the problem is with us because we often tend to go overboard. Continue reading
How many months ago have you been on a holiday? You should consider the option, if you get time. Holiday is the perfect word to define taking rest and enjoying with your closed ones. Everybody wants to be a part of long holidays. The only problem which persists is financial management. There are certain simple tips, which can make a lot difference to our budget. Who says that we cannot enjoy holidays without burning a hole in our pockets? Continue reading