In a home loan sense; are your needs being met? Do you know what your needs are? Are they different to your wants? Have you separated your needs and wants? If you’re buying a home or an investment property and you can’t pay cash, your need is the same ie you need a loan. This […]
Cut your Loan Term in Half
Fortnightly Loan Payments
Fortnightly loan payments pay off loan faster? A question I am often asked is whether fortnightly loan payments will help pay off your home loan faster. The answer is…it depends. It depends on how your bank or lender calculates your fortnightly loan payments. Yes there are two ways of calculating the payment. One will accelerate the repayment […]
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 […]
Begin with the end in mind
If you have read Stephen Covey’s famous book, The Seven Habits of Highly Effective People you will be aware that Habit #2 is “Begin with the end in mind“. This habit can be directly applied to the humble home loan. In this context, the “end” is the repayment of the loan. There are two main ways repayment […]