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Archives for September 2016

Is it time to ditch the ‘security blanket’?…

And by 'security blanket' we mean your parent's property currently used as security for your parental guarantee loan? (See why we went with 'security blanket'?!)   When your parental guarantee loan was established some time ago, the lender took a limited guarantee over your parent’s property as additional security for your loan. This allowed you to keep the Loan to Value Ratio below 80%, avoid Lenders Mortgage Insurance and contribute a reduced amount of cash. Whilst the second … [Read more...]

Interest Only Repayments on Owner Occupier loans

If you choose to make Interest Only repayments on your owner occupier loan, you're not actually paying down any of the principle loan amount.  So, why would you choose to make Interest Only repayments instead of Principle and Interest if you're trying to own your home sooner? If you're using an offset account and building up the cash you're saving, Interest Only repayments can provide great flexibility on your owner occupier home loan. Here are a few situations when Interest Only repayments … [Read more...]

Are the family finances feeling a bit ‘off balance’?

There are times in your life when you feel strong financially. You’re both receiving good incomes, you're growing the bank balance but still managing to enjoy the odd holiday here and there. You feel like you’re ‘getting ahead’ with the family finances - it’s a great place to be. Unfortunately, that feeling doesn’t always  last forever. We’ve had a few clients mention to us recently they feel like the family finances are a bit 'off balance' or not on the 'right track'. They're not … [Read more...]

RBA Interest Rate Decision – September 2016

Interest Rate Decision: The RBA Board decided to leave the cash rate unchanged today at 1.50 per cent.  Here's the statement issued by Glenn Stevens, Governor: Monetary Policy Decision. The global economy is continuing to grow, at a lower than average pace. Several advanced economies have recorded improved conditions over the past year, but conditions have become more difficult for a number of emerging market economies. Actions by Chinese policymakers have been supporting growth, but the … [Read more...]

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