Resources
Insurance - How a Job Change or Promotion Can Affect Your Income Protection Insurance
Hypothetical Scenario One: A promotion at work. Congratulations! You're moving up in the world and taking on more responsibility at work. Most likely, your promotion has also increased your salary. STOP. After you enjoy a much deserved celebration don't forget to review and update your income protection insurance . In the future, you may need to make a claim on your policy. If you haven't......
Refinancing or Debt Consolidation - Saving thousands from refinancing
Because circumstances change regularly the attraction of paying less interest on a home loan / mortgage or investment property loan for some is a simple decision. However when looking at refinancing you should always remember there may be costs involved in paying out your existing loan and establishing a new one. It is imperative that all the figures be carefully checked......
Market Update - January 2012
Jan 5, 2012 Is the walk-in wardrobe the ultimate women's retreat? For many women the walk-in wardrobe is the ultimate storage solution and a near necessity in modern life. But it can be difficult to find - if not impossible - in high density city locations or houses that were built before women had access to a platinum credit card. With this in mind it might be time to start......
Glossary - Glossary on Home Loans
Amortising loan A loan in which the principal and interest will be repaid fully through regular installments by the time the loan's term ends. Application The first step in the official loan approval process; this form is used to record important information about the potential borrower necessary to the underwriting process. Application fee This fee is paid by the customer for......
Market Update - December 2011
Dec 6th Tips on how to move house with your pet The team at Rates Online has come up with our very own moving guide for homebuyers with a pet. Firstly, it is a good idea to let your pets smell their new environment, so taking the time to walk the new house with them is a must - cats should always get first dibs on windowsills and letting them see their surroundings will......
Buying First Home - FAQs for First Home Buyers
How much do I need to save for a deposit? This can depend on the type of loan you are looking for and the Institution you are lending from, however as a general rule if buying to live in you will require 5% of the purchase price. If investing in property ideally 10% of the purchase price is what you need. It is possible to purchase with less however there will be some......
Home Loan Types - Is the low doc and no doc home loan dead
News about low doc or no doc home loans have really died down over the last year. That's because the new federal government regulations have impacted the way Australian's can borrow money. To borrow money in today's climate you must have your financial information up to date including: Tax returns Show genuine savings history Proof of income, assets or liabilities Prove that......
Refinancing or Debt Consolidation - Refinancing Basics
There has never been a better time to refinance your home loan especially now as rates have increased and lenders are offering more attractive deals in a bid to win new customers. But whilst it is true that refinancing has the potential to help you reduce the costs associated with borrowing money, it is not necessarily the right strategy in every situation. Refinancing your current......
Home Loan Types - Low Doc Home Loans
With people self-employed or employed on contract their income patterns do not let them qualify for a traditional type of loan. A low documentation loan allows them to self-certify their income and avoid the trouble of providing current financials every time they wish to borrow. Fees and the interest rate are higher but time and stress are saved. Advantages No financials need......
Home Loan Types - Intro Rate Home Loans
Also known as a honeymoon rate, this low interest rate is offered at the start of a loan to get the borrower started. After a set period the rate converts to a standard rate. Rates can be fixed or capped. Advantages ......
Source :www.ratesonline.com.au