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, 20213 minEquity Release & Reverse MortgagesIf you are aged 60 or over, own your home and need to access money, 'home equity release' may be an option. As there are risks involved...
Teah HammetJul 30, 20211 minRate for Risk (Risk Based Pricing)Risk based pricing is the interest rate that lenders offer to a client based on factors such as their credit rating, the security type,...
Teah HammetJul 30, 20211 minLender Credit PoliciesLenders have a specific credit policy they use to assess and approve loan applications. A lender’s credit policy is a document that...
Teah HammetJul 30, 20212 minLender Cash Back and Special OffersLenders sometimes offer things like discounted interest rates, promotional introductory interest rates and sign-up incentives such as...
Teah HammetJul 30, 20212 minInterest CapitalisationInterest capitalisation occurs when interest is added to the total loan amount or ‘principal’ of a loan but isn’t immediately paid back...
Teah HammetJul 29, 20213 minGuaranteesIf you guarantee a loan for a family member or friend, you are known as the guarantor. You are responsible for paying back the entire...
Teah HammetJul 29, 20212 minFrequency of Repayments and Paying Off your Mortgage FasterMaking higher or more frequent payments on your mortgage will save you money and help you pay down your home loan faster. Switch to...