FinanceCorp

Low Interest Rates July 2013

August 17, 2014

Last week, the Reserve Bank decided to keep interest rates on hold. The official cash rate is currently sitting at 2.75%. This means that interest rates at their lowest level in more than five decades. Currently, Australia has low inflation, low growth in borrowing, restrained wages and a strong dollar. Low interest rates are a…

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Jan 2014 – is a rate cut likely next week

August 17, 2014

Weekly blog – 28 Jan 2014 Is a rate cut likely next week? Next week we will see the Reserve Bank meet for the first time this year. There is a lot of speculation around what decision they may come to regarding the official cash rate. Currently, the official cash rate in Australia is sitting…

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Investing in a granny flat

August 17, 2014

Investing close to home: the granny flat solution! With the eldest of the baby boomers well into their 60s this year, the challenges of an ageing population are confronting us all, with social spending and economic growth set to feel the pressure as Australia’s population ages. A 2008 Productivity Commission report, ‘Trends in Aged Care…

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How to pay off your mortgage faster

August 17, 2014

Want to pay off your mortgage faster? When you take out a mortgage, you set a term for this. Term refers to the period of time that it will take to pay off your mortgage. This is generally 20, 25 or 30 years but there are plenty of options and the choice is normally yours.…

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How to avoid mortgage stress

August 17, 2014

How to avoid mortgage stress How to avoid mortgage stress Many people make the mistake of borrowing whatever the bank says they can afford and often don’t take time to consider what this will mean in terms of the ongoing financial commitment. The common definition of “mortgage stress” is where you spend more than 30%…

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How much can you borrow

August 17, 2014

How much can you borrow? One of the most important things we find clients want to know is how much they can borrow. Many have used simple online calculators. These online calculators are a very quick and simple way of getting a rough calculation. But it is important to realise that most lenders look at…

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How does a Line of Credit work

August 17, 2014

How does a line of credit work and is it for me? How you structure your mortgage can be a big decision. One of the decisions that you may be considering is taking out a line of credit. Essentially, a line of credit allows you to access the equity you have in your home. For…

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Helping First Home Buyers get organised

August 17, 2014

Blog: Helping First Home Buyers Get Organised. Being a First Home Buyer is both an exciting and scary time. Our role is to help at every stage of the process. Some steps can be taken before the home ownership journey begins. Here are some great tips on getting prepared: 1. Understand what you can afford:…

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Help with a Will

August 17, 2014

Let FinanceCorp help you with your client’s will! There is so much for a client to think about when buying and selling a property. For many of our clients, they are often overwhelmed with the amount of things that they need to be thinking about. For many years now, all of the brokers at FinanceCorp…

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Getting prepared for EOFY

August 17, 2014

Getting prepared for the EOFY The financial year has just ended. Many people see this as simply a time that they must place their tax return and receive either a bill or a refund from the Australian Tax Office (ATO). But the end of the financial year can be a really good to time to…

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