Open-minded. Open-handed. ‘When one door closes, another one opens,’…the word ‘open’ is…well… pretty open to interpretation. So what about Open Banking? What are the opportunities? Are there any risks involved? Here’s a quick rundown of what you should know: What…
Divorce is something no one ever expects or wants to have to go through. Setting aside the emotions involved, the process of untangling the day-to-day bits of your life (money, caring for the kids, the home loan) from someone else’s…
When the major banks fail to provide a sense of security (cue the banking royal commission), they lose the trust of their consumers who end up looking for financial advice and partnerships elsewhere. Big banks may resent admitting that it’s…
There are some industries that you just don’t want to venture into without having someone you trust at your back. Finance is one that, for the uninitiated, the longer you look into it, the less clear it seems. A quick…
The Buy Now Pay Later sector is winning-over the youth demographic with the promise of instant gratification, but Sarah Eifermann warns that with every sugar-high comes the risk of a corresponding low. ‘Buy Now Pay Later’ providers such as AfterPay…
With official interest rates trending downward, shrewd mortgage holders may take the opportunity to call their lender to ask for a better deal. But when even a small interest rate reduction means potential savings of thousands of dollars, is a…
Reducing the life of your loan isn’t difficult; there are many simple things you can do to cut years off your mortgage. Here are some tips that will help you pay off your mortgage sooner. Small extra repayments One of…
Knowing what a property is worth is central to avoiding paying too much for it. Set a benchmark Comparing nearby properties that have sold recently is the best way to assess an acceptable price for the property you are looking…
With so many products offered by various lenders, it can be quite perplexing trying to figure out whether or not you’ve scored yourself a good deal on your home loan. While doing your research and comparing what’s out there in…
Exit and early termination fees can put the brakes on plans to sell, to refinance, and to renovate or purchase an investment property. Here’s how to avoid them from the start. Fees charged for the early repayment of variable-rate loans…
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