Speak to a finance and mortgage professional Speak to your home loan lender for debt consolidation options See if you can withdraw your home loan equity to pay off your car loan entirely More info coming soon, stay tuned The content on this site is for informational and educational purposes only and is not intended as a substitute for professional…
Principal & Interest Principal & Interest (P&I) loan repayment method covers the repayments of both Principal(Original Loan Borrowed) as well as the interest accrued. Pros: You build equity You pay off the loan Cons: Repayment is higher P&I May not be suitable for short term investors/developers Interest Only As the name suggests, Interest Only (IO) repayment method is the payment…
Full Doc Loans Full Documentation loan is the standard loan where the borrower’s consistent income verification documents such as Payslips/Tax Return, NOA & Business Activity Statements (BAS) are available at the time of applying for a loan. The benefits of applying with full documentation is that you will have a better loan product with good features and low interest rate.…
Higher Education Loan Program (HELP) previously known as Higher Education Contribution Scheme (HECS) is an Australian government low interest rate loan offered to Australian citizens, permanent residents and New Zealand Special Category Visa holder who meets the long-term residency requirements who enrol in a Commonwealth supported to study in Universities and TAFE level and are repayable through taxation system. Make…
A car loan is a personal loan used to purchase a car and the loan is repayable usually in up to 7 years. If you plan to finance your next new or used car purchase, consider the following points in your car purchase decision-making. The reason: A misstep could cost you hundreds or even thousands of dollars. Don’t let the…
Things to be aware of which could hurt your credit score.
Choosing between Fixed rate or Variable rate home loan is a personal preferences. You can choose which ever one suits your financial situation better.
A credit score is important to the majority of home loan lenders when reviewing your home loan application. A good credit record will be rewarded with better home loan deals, while having a poor credit score can limit your options for choosing from some lenders and the loan products they offer. Here are 10 things that can hurt your credit…
With so many lenders offering hundreds of loan products, how can you be certain which loan products is better for you?