Archives for November 2016

When interest rates are low, its the perfect time to pay down your home loan. Here are 5 things you can do right now to get ahead. 1.  Secure the best home loan rate you can Is your lender giving you the best deal? How do you know? The home loan market is fiercely competitive and if you established your mortgage a few years ago, there’s a good chance your current lender is offering a better deal to new clients and hasn’t explicitly extended the same offer to you. If you're not sure how … [Read more...]

Credit card debt can quickly get out of control at Christmas time, especially if you're a big fan of online shopping. Here are our top tips to managing credit card debt this holiday season. • Use your credit card only when you have the cash A credit card is not free money. It sounds pretty simple, but lots of people use their credit card to pay for things they cannot afford.  Only use your credit card if you have the cash to pay for the item there and then. And make sure you pay off the entire … [Read more...]

Interest Rate Decision: The RBA Board decided to leave the cash rate unchanged today at 1.50 per cent.  Here is part of the statement issued by Phillip Lowe, Governor: Monetary Policy Decision. Low interest rates have been supporting domestic demand and the lower exchange rate since 2013 has been helping the traded sector. Financial institutions are in a position to lend for worthwhile purposes. These factors are assisting the economy to make the necessary adjustments, though an … [Read more...]