How much you can borrow is not the question, how much can you afford to pay is the key. The internet is littered with calculators that give you some ridiculous amount that you can borrow. Most calculators take into account a few basic numbers and spit out a result that makes the eyes water. They […]
Which home loan should I have?-Part 2
Types of home loan payments Two common types of home loan payments are principal & interest and interest only. The most popular by far is principal & interest so we’ll look at that first: Principal & interest payments- As the name suggests each time you make a payment to your home loan part pays down the […]
Two important numbers
Two important numbers that limit your property purchase price. When you decide to purchase another home there are two important numbers that will limit the amount you can spend. They are; The size of your savings, and The amount you can afford to spend on your loan repayments each month. When I say the amount you […]
Cut your Loan Term in Half
Smarter Finance
Increasing Your Wealth with Smarter Finance Wealth = What you own –What you Owe. In a lending sense, any ideas we can implement that reduce the amount of your money being used to pay interest on your home or investment loans increases your wealth. This can take two forms; You retain more money in your bank […]