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Spousal Living Expense Proportioning – how it boosts your borrowing capacity
21 October 2024
Recently I have been using the spousal living expense proportioning policy a lot to boost some customers’ borrowing capacity. Gaining some understanding of this will benefit some customers. The policy only applies to situations where customers – are in a relationship and live under the same household; both earn incomes
Read moreBudgeting – the Do’s and Don’ts
2 November 2022
Last Tuesday, the Federal budget was delivered. This Tuesday, RBA raised its cash rate 7 times in a row. As a result, household budget will be squeezed again. So, let’s face it and recap budgeting 101. What are the Do’s and Don’ts when you preparing your household budget? Let’s start
Read moreRedraw vs Offset – the big difference
23 October 2022
Redraw vs offset, it is a well discussed topic. Most borrowers would know the features of both. Redraw facility allows borrowers to: make extra repayments; withdraw the additional repayments at any time; save interest on loan because of the extra repayments made. Offset account: is a
Read moreRefinance – things to consider
20 October 2022
Interest rates are going up, people are shopping for better deals. Lenders are giving out cashbacks to attract refinance customers. There are a few things to consider before and after you decide to refinance. Firstly, don’t rush. Take this time as the opportunity to relook at your financial situation holistically.
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