Search results for: “offset”
-
A quick (fun) look at how an offset account works!!
An offset account works by putting your main bank account (or a special savings account, the choice of purpose is yours) to work saving you interest. That’s right, every last dollar is always saving you interest and always available to you too! And here’s a kind of quirky look at how it does it: If you would…
-
How to: Offset accounts for investors | Mortgage Brokers Sydney
Most mortgage brokers will recommend an offset account, let’s look a little closer at why. For investors, without a personal mortgage, an offset account could just be the very best place to stash your cash. We’re talking about a 100% offset account here – that’s the only one mortgage brokers Sydney would recommend. An offset…
-
How to: Offset accounts for your own home loan | Mortgage Caculator Australia
Most mortgage brokers Sydney will recommend an offset account, let’s look a little closer at why. If you have a personal mortgage, you want to save every cent you possibly can – don’t pay a cent more in interest than you need to! There are way better things to spend your money on I say.…
-
Glossary, all the lingo – explained.
Glossary AAPR: Also referred to as a Comparison rate, the Average Annualised Percentage Rate reflects the total cost of your loan after taking into account other costs like annual and monthly fees. This is then expressed as a total interest rate cost to you over an average loan term. Acceptance: To agree to the terms and…
-
The interesting thing about interest rate comparison…
The interesting thing about interest rate comparisons is there’s more to it than just plain percentages. Take a cheap interest rate with a large fee – for example. Lenders are savvy – they have huge marketing teams looking for whats just the offer to grab you – everyone wants a low interest rate – but…
-
Whats the fastest way to pay off your loan?
I just responded this exact question on a forum – and while the answer is simple: 1 Get a good economic interest rate and reasonable fees (if any) 2 put as much money into the loan (or offset account) as soon as you can 3 and leave it there!! It’s also really complex! The poster writes: “I was…
-
How to buy property in your Self Managed Super Fund (SMSF)
For many Aussies our superannuation is either set and forget (and believe me, forget is the right word, so many people I meet have multiple funds sitting forgotten and being eaten by fees) or we’re a little complacent because we don’t understand our investing options. Or retirement seems so far away we don’t give it…
-
Comparison websites are no substitute for brokers
News article – Comparison sites are no substitute for brokers An article in the news today – Comparison sites are no substitute for brokers (https://www.brokernews.com.au/news/breaking-news/comparison-site-crackdown-no-substitute-for-brokers-185460.aspx) Hell yes! Sure, I run a comparison site – homeloancomparison.com.au – but its backed by real people, real brokers with professional skills in comparing loans because – rate isn’t everything!!…
