Keeping a hold on your finances can be tricky, as prices climb and the temptation to own more “stuff” dominates social conscience, guiding you into an accumulated debt that you didn’t sign up for. Credit cards, home loans, car loans, mortgages, everyday bills – a never ending list requiring careful tending and a spirited… Read more
Viewing posts tagged with: mortgage
Planning and Budgeting for Big Ticket Expenses
Most people dream of owning their own home or buying the car of their dreams. However, these are expensive purchases that require planning and budgeting. The average person can’t walk in and pay cash for a house or car. Most people choose to start out by saving for a down payment and then working… Read more
Who are those most likely to be affected by high debt levels?
Debt is something that millions of us are likely to get into. It could be from taking out a student loan, a credit card, being overdrawn on our current accounts, by taking out a mortgage or by an ordinary personal loan. For some of us, paying off debts in instalments is simple enough, but… Read more
How can a mortgage offset account reduce my home loan
A mortgage offset account is a great way of using your savings to reduce the amount of interest you will pay on your home loan. If you are unfamiliar with an off-set account, it is essentially a transaction account that is linked to your home loan, where the credit balance of… Read more
What to look for in a mortgage
Are you looking for a mortgage? If so, there are many things to take into consideration, here are a few tips to make sure you don’t make a decision lightly and are happy with both your new home and your financial situation. How much down payment is ideal? If you put as much… Read more
How to make money from the property market
While there is plenty to be said in favour of the old adage ‘look after the pennies and the pounds will look after themselves’, and plenty of evidence to show that small-scale savings and investments eventually reap big-scale rewards, anyone looking to improve their financial situation would do well to look at… Read more
How Mortgage Shopping Affects Your Credit Score
Some buyers shy away from shopping for a mortgage because they’re worried that the extra credit inquiries will affect their credit score. The truth is that shopping for a mortgage does affect your credit score, but probably not in the way you’re thinking… A Small Score Reduction All third party credit inquiries have an impact… Read more
Deciding the best moves for your dollar
There’s a lot of financial advice floating around – some good, some bad. And if you’re not a financial guru, knowing the right direction can be challenging. Fortunately, there are often multiple ways to achieve the same goal. You may receive advice from different directions, but at the end of the day you have… Read more
Refinancing might not solve your problems
Refinancing the mortgage on your home may seem like a helpful solution to managing your debt, but it is a rather complex and costly process. Only certain financial circumstances are likely to improve from refinancing, so you need to make sure you fit the bill before going ahead with this serious decision. In many cases,… Read more
Every little counts
A couple of days ago, I was talking about failure, and how it affects people. Some will set the bar too high, then fail and give up. I don’t really mind failure, I’ve had my fair share of it, and also my fair share of success. Why? Because when I failed, I didn’t… Read more