Residential Archives – FinanceCorp
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08 Mar Are you prepared if your circumstances change?

In the past few weeks the papers have been filled with doom and gloom. The mining boom is over and thousands of people are facing redundancies not only in the mining sector but in sectors that flow in to this industry. If you own your own home, you are probably feeling a little anxious as the economic climate looks less rosy but there are steps you can take to safe guard your home and your future. Firstly, if you are facing a redundancy, it is a good idea to talk to your...

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08 Mar Now is the time for a home loan health check!

Over the past couple of years, we have seen the official cash rate in Australia sitting at record low rates. If you have not reviewed your home loan in the last 12 months, chances are you are not getting the best deal around. The cash rate sitting at such a low rate has meant that there are some excellent deals to be had. We can run a free home loan health check for you. This will involve you providing a few simple details (usually over the phone). Once we have collected...

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08 Mar Have you considered these costs?

Buying a home can be a daunting process, especially when you do not know how much money you may be liable to spend. There are many costs that should be factored in to your budget when purchasing a property. Here are a few costs you may need to consider: Building/ Property Inspection: you may wish to have a building or property inspection carried out as a condition of sale. This is always a good idea as it brings to light any issues or areas of concern. Pest Inspection: having a pest inspection...

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08 Mar Time to review your personal finances

How often do you review your personal finances? We recommend that you do a full assessment at least once a year and an interim review every six months. Conducting annual reviews of many aspects of your life is a good habit to form. The key is to choose a time and put it in your calendar to recur at the same time each year. The start of the year or start of the financial year can both be good times to choose. Setting a particular time to review things means that...

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08 Mar What do rich people do differently?

Many of us often wonder what the secret is to getting rich. How do I get rich? What do I need to do? Are you wondering what rich people do differently to poor people? Some research conducted in the US showed that they do a few things that poor people do not. Here is what they are: Eat right: 70% of wealthy people ate less than 300 calories of junk food per day. In contrast, 97% of poor people ate more than 300 calories of junk food per day. Keep...

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08 Mar 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 example, if your home is worth $300,000 and your mortgage is $100,000 you have $200,000 in equity. Many banks will allow you to access around 80% of this equity. This equity then becomes your line of credit. So now you have a line of credit, how does it...

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26 Jan Hit the SAVE button on the internet

Most Australians have access to the internet but fail to realise the power that is at their fingertips. There are now some great websites out there that do all of the hard work for you when it comes to finding the best price. Insurance Most of us have a variety of insurances from home and contents to car and health. It is worth doing some homework on these policies as most of us renew them every year without giving a thought to the amount we are paying on our premium. Some great...

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26 Jan The internet can save you money

For many people the internet has probably allowed them to spend more money than ever before. There is no need to wait to do your shopping you can do it round the clock – whenever and wherever it suits you. There are however, lots of tools on the internet that will actually save you money. In this week’s newsletter we are going to be looking at how you can make the internet work for you. The first tool we recommend you take a look at is the free home loan saver service...

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26 Jan Scary but true – the facts on credit card debt in Australia

The average amount of credit card debt per cardholder is $4,200. Over half a million Australians carry more than $5,000 in credit card debt. Around 2 million Australians, representing 27% of credit card users, did not pay off their personal credit card debt in full each month in 2013. This compares to 24% of credit card users in 2009 who did not pay their balances in full each month. Total balance held on credit cards with an interest-free period as of October 2014: $44.5 billion -- an increase from the October 2013 total...

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26 Jan Credit card debt is tough!

So it is a month since Christmas and that means your first post-Christmas credit card bill has probably landed. Was your spending a little out of control over the Christmas and holiday period? Don’t worry, you are not alone. It is very easy to find yourself in a position where you have a lot of personal debt from things like credit cards, car loans, store cards and personal loans. These can all start out as being easy to manage but over time we can slowly increase the amounts owing, the card...

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