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Seven simple rules for first home buyers

Seven simple rules for first home buyers

30/11/2013

Buying your first home is a pretty overwhelming experience. There’s a lot to think about and it’s easy to make mistakes. Avoid the most common pitfalls with our seven simple rules. Know what you can afford Subtract ALL of your monthly expenses (excluding rent) from your take home pay. That’s what you can afford on monthly repayments. Use this to work out your property price range. Loan pr... Read more

How to cut years off your home loan

How to cut years off your home loan

19/11/2013

Thirty years. That’s the length of the average Australian home loan. Sounds like a lifetime doesn’t it? If you’d like to shave five or more years off the life of your home loan, put these tips into action. Marry your mortgage to your income Match your repayments to your income. If you’re paid fortnightly, make your repayment fortnightly. This helps chip away at the interest, saving you money... Read more