Latest News Archives – FinanceCorp
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26 Jan With low interest rates, now is the time to review your borrowings

When the Reserve Bank met for the first time in 2015 on the 3rd February 2015, they made a bold move and reduced the official cash rate by 0.25%. This means that the official cash rate in Australia now sits at 2.25%. This is GREAT news for home owners. The competition within the mortgage market is already fierce and low rates add another level to this market. So how can you benefit from this recent rate cut? Talk to us! As your local mortgage broker, we know how important it is that you...

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26 Jan Time to review your personal expenses.

Many of us simply continuously pay our bills without ever giving them too much thought. But the reality of it is, we need to conduct an annual review of most of our outgoings to ensure we are not only getting the best deal but to ensure they still meet our needs. Here is a quick checklist of outgoings that you should review: Home and contents insurance: it is a fact that many of us have both our homes and our contents underinsured. You should consider what it would cost to...

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26 Jan Time to review your personal finances

With the New Year still fresh in our minds, January is a really great time to undertake a review of many aspects of your life. And this is not simply about reviewing your eating or drinking habits (but this is a great goal if you want to focus on it). Conducting annual reviews of many aspects of your life is a good habit to form and January is a really good time to do this. We are often on holidays and more relaxed after Christmas. Setting a particular time to...

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26 Jan Lending can be harder for investors

In the news recently has been lending to investors. The lending regulatory body, APRA (Australian Prudential Regulation Authority) has put measures in place in an effort to rein in the sector. Early indications are that it is succeeding. A few of the major changes that have been seen in the past few weeks by the major banks include: Not offering additional discounts over and above the published “package discount” rate. Negative gearing tax flow benefits being removed from bank calculations, thereby lowering the borrowing ceiling. Lower rents being used in calculations as the rental...

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26 Jan Don’t change anything – when not to move your home loan

As mortgage brokers, many people think that we are focused on getting you to change your home loan to a different lender. This can mean a long and drawn out process that can take some time. Here at FinanceCorp, we are proud that we do things differently. Our focus is on ensuring you are getting the best deal for your mortgage. There are many factors that make a good deal when it comes to your home loan. With interest rates at a 50 year low, now is definitely time to take a...

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26 Jan Time to review your personal finances

As we enter the final quarter of 2015, now can be a good time to take stock and review how the year has gone and how we are tracking towards our goals. Conducting reviews of many aspects of your life is a good habit to form and doing it quarterly can be a really good habit. Whilst reviewing your personal finances, you should take a close look at your personal insurances. This is best done in conjunction with your financial planner. In Australia, research has shown that most people fail to have...

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26 Jan Getting some extra cash for Christmas

Christmas can really put the finances under pressure as we need to buy presents, attend lots of functions and host meals at our house. All this equals lots of spending and generally there is no more money coming in than at any other time of the year. As well as needing extra money at Christmas, we generally also need extra space. We get gifts and if you have children, there is a huge influx of toys. Ideally, we should try and make space for these items prior to Christmas. Now a great...

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26 Jan Do you struggle with presents for Christmas?

In our society, we often suffer from the “I have no idea what to buy someone who has everything”. The reality is, you probably don’t need to buy them anything but custom dictates that we need to exchange gifts at Christmas so here are some great ideas to help. If you have children in your life that seem to have so many toys and really want for nothing, click here to read this brilliant gift list. It has 18 non-toy gifts for children.   If you are stuck for ideas about what to...

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26 Jan December – how to make it work!

Christmas has become a month-long celebration these days and not only are there many people to buy for but there are now even more opportunities to spend money. So how on earth do you survive the silly season without breaking the bank? Here are a few tips that you can try out. Plan your diary: the month of December fills up fairly fast with lots of activities to attend. The office Christmas party and then the countless other drinks and catch ups can all take their toll on your already busy...

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26 Jan This Christmas, make time for a family chat

For many of us, we get together with our families over the Christmas period to share some food and exchange gifts. But it can be a good time to sit down and have a chat with your loved ones about some slightly more serious matters. Did you know that most people fail to have conversations with their loved ones about their wishes when they die? This might sound terribly morbid but having open and frank conversations can really help out those left behind who are struggling with not only their...

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