Find out about personal finance matters.
When applying for a loan, you’ll hear terms such as “borrowing power”, “borrowing capacity”, and “assessment rate”. But how do they relate? What do they mean? We’ll break it down for you in a simple equation.
During your research into your financial situation, you may have clicked on our calculator section – and been overwhelmed with the number of different types available! What do they all mean and what are they used for?!
Do you track your monthly expenses? When life’s busy, it’s so easy for your finances to not be a priority (did someone say Netflix binge?!). But we’re here to remind you that it’s actually really important to set some time aside each month to audit your spending (sorry guys).
Being your own boss definitely comes with its perks – but those that are self-employed often find it hard to obtain a home loan (even with a steady income). Whether you’re looking to purchase a home or some equipment for your business, you may face challenges in the application process.
Have you ever considered a loan with a fixed interest rate? Right now, with interest rates so low, we’re receiving a lot of enquiries about fixed rate loans. Having a fixed rate loan offers a level of certainty, but there are a few things to consider if you’re looking at this option for your home loan.