Teah HammetJul 30, 20212 minSplit LoansDepending on your circumstances, splitting your home loan between fixed and variable interest rates can enable you to get the best of...
Teah HammetJul 30, 20213 minSelf-Managed Super Funds ('SMSF')What is an SMSF? An SMSF is a private superannuation fund you manage yourself, regulated by the Australian Taxation Office. SMSFs are...
Teah HammetJul 30, 20211 minPackaged Home Loan ProductsMany lenders offer packaged home loans which allow you to sign up to a home loan as well as other financial products such as a credit...
Teah HammetJul 30, 20215 minMortgage Offset AccountWhat is an offset account? An offset account is a savings account or transaction account linked to your home loan account. The account’s...
Teah HammetJul 30, 20211 minNegative Gearing'Negative gearing' happens when the costs of owning a rental property exceed the rent returns you earn. When you take an investment loan,...
Teah HammetJul 30, 20212 minLine of CreditWith a line of credit loan, you use a single account for your home loan and your everyday spending. The limit on the line of credit loan...
Teah HammetJul 30, 20211 minInterest OnlyWith an interest-only loan, you only pay off the interest on the loan for a fixed period, rather than paying off the interest and...
Teah HammetJul 29, 20211 minExtending the Term of Your LoanExtending your loan term when you refinance introduces additional interest costs that may outweigh the savings you can benefit from in...
Teah HammetJul 29, 20212 minCapitalisation of Lenders Mortgage Insurance PremiumsLenders mortgage insurance (LMI) premiums are payable in two ways: as an up-front fee or by capitalisation. Capitalising your LMI premium...
Teah HammetJul 29, 20213 minConstruction LoansA construction loan is a type of home loan designed for people who are building a home or doing major renovations, as opposed to buying...