Financial Tips
How to Afford School Fees and Costs
Education fees are often unplanned & costly. While you can’t always foresee these expenses, by following our 6 tips, you can learn how to afford school fees.
Education fees are often unplanned & costly. While you can’t always foresee these expenses, by following our 6 tips, you can learn how to afford school fees.
Sydney might be beautiful, but it’s certainly not cheap! We break down the top 10 best value suburbs to buy a house in Sydney. Get more for your money!
You could receive financial support to help you when buying your first home thanks to the government. So what is the first buyers grant?
The Australian property market is very volatile and unpredictable, but what will house prices be like after Covid? Find out here as we dive into the facts.
Read these 5 top tips for buying a house and find the right home for you. From the financial side, to the condition of the property, find out what to look for.
We all know your house can be a stressful, yet sometimes exciting process. But how much does it cost to sell a house? Find out here!
Working for yourself comes with so many perks, but when it comes to acquiring finance, things can get complicated. So can self-employed get home loans? Find out here…
Ready to buy a new house but not sure if the timing is right? NSW Mortgage Corp has the answers. Find out if Easter is a good time to buy a house here.
Looking to change your loan terms, take advantage of lower rates or access extra cash? You can! But how do you refinance your house? Find out here.
Having bad credit can be very restrictive, but if you’ve been wondering ‘Can I get a mortgage with bad credit? The answer is yes. Find out how here…
Home renovations can be exciting, refreshing, and also stressful. They can also be expensive… Learn what are home renovation loans and how they could help…
Getting on to the property ladder is a goal for many. But a property doesn’t have to be a home. Learn what is an investment property here & build your empire…
Are you looking to purchase a new house while you wait for your current one to sell? You don’t have to miss the opportunity. How does a bridging home loan work?
Bad credit can be hard to avoid, and it can make loan approval hard to come by. Find out all about bad credit home loans here in this ultimate guide.
Looking to mortgage a property but unsure if you can afford the deposit? How much deposit do I need for a home loan? Find out here!
Did you know there are many different types of mortgages for you to choose from? Find out what they are here and choose the right one for you!
When shopping for a mortgage lender, it is important to know which loan product would best fit your borrowing needs. Here are tips to help you weigh refinance vs second mortgage and how your choice can make a difference in your finances.
Caroline arrived at NSW Mortgage Corp with a goal of getting back on track. We received this heartwarming message
Here are the top reasons why you should consider a personal loan next time you need to borrow money for home renovations or other minor expenses. We will also tell you how to make smart choices when taking out a substitute for home refinancing.
The fear of paying very high interests is one of the reasons borrowers dodge the idea of getting a home loan. Those who have gone through a foreclosure or bankruptcy are one of those people who think that a tanked credit will make them pay more than a borrower who has a stellar credit, but that’s not really true.
Refinancing makes financial sense, as the new loan may result in at least a 1 per cent decrease in your interest rate. If you are currently paying a mortgage with an 8 per cent interest rate, and you found a new mortgage with an interest rate of 6 per cent, you’ll be saving 2 per cent!
Would you pay extra fees for an expensive loan that does not offer you any financial benefit? That’s how predatory bad credit loans work. They will deceive you into signing loans with hidden costs and terms that may cost you more than what you can afford to pay which could lead to foreclosure.
A second mortgage can also help you fill the gap especially when you’re in serious debt. Talk to our helpful mortgage advisers to answer your queries and give advice about your current finances and how you can pay for your obligations as judgements debtor.
When you are having difficulty in paying your first mortgage, you may want to consider taking a second mortgage to consolidate your loans and save more money in the process. Not only will you be able to spend the extra cash for your urgent needs, but you will also still have the opportunity to get a lower interest rate, and a more affordable monthly payment.
When you are faced with multiple debts and you no longer have enough money to pay for them all, and creditors, as well as credit collectors, are knocking at your doorstep, use your house as a shield.
Make sure that you set aside three months’ worth of repayment to ensure that you won’t have to borrow money. It will also keep you from resorting to drastic measures such as acquiring high-interest loans, maxing out your credit cards or line of credit and selling some of your assets just to save your home from foreclosure.
Your home is probably the biggest purchase you have to make in your lifetime. It would be impractical to do it if you don’t have a repayment strategy in mind. By using home loans to buy a house, you are preparing yourself for years of making cumulative payments on the mortgage that has the potential of increasing twofold due to its interest.
Everyone is an artist and therefore, all of us have the inner creativity to adjust and create a financial management strategy which is convenient for us. Thus, there is no need to be worried about how we can handle our finances—we got the capability to accomplish whatever we put our mind into. And, finance is also a science.
If you want to repay your debts consolidate your loans, you only need to apply for a single loan for a huge amount to pay off several smaller loans. This makes you liable only to one creditor. You may avail of lower interest rates than what you were paying before, or you could opt for a longer repayment term to reduce the amount you need to pay each month.
Credit card debts, consumer debts and payday loans cost more than second mortgage or home equity loans. If you keep on relying on high-interest credits, and you missed payments several times—then you may want to consider getting a second mortgage. You can consolidate all your debts and take care of only one loan at a time.
A lot of people have been in denial for so long-until their potential lender’s file charges against them because they cannot keep their end of the debt agreement anymore. Own up to your mistake and don’t try to put the blame on anyone when you mess up.
Yes, being high-risk borrowers could mean higher interest rates, but it doesn’t mean that you’ll be in deeper trouble if you get a reasonable loan. It’s just a matter of learning the proper borrowing-and-repayment strategy.
Personal loans and home equity loans are two of the most availed financing options. In fact, they are relatively easy to get-because of less-strict lending requirements compared to other types of loans.
Being married means having to communicate a lot. Are you planning to get short-term loans? If so, talk over how you will use it so that the interest and relevant fees are worth the cost. If you have obtained a short-term loan to spend on your wedding or on the honeymoon, how do you plan to repay it without putting too much pressure on your finances?
To qualify for a first time home loan, lenders would want to know your monthly income. Whether or not it is sufficient to meet your monthly mortgage plus other debt obligations will determine the amount you will qualify for.
Are you planning to buy your dream house? Remember that your borrowing capacity depends on various factors. Whether you’re planning to apply for poor credit
Are you planning to expand your business? Do you want to cater to bigger clients, move to a more accessible location or possibly make some strategic changes in your business to optimize its growth potential?
Ask your local bank, of they offer home loans for people with credit problems. In fact, they may have specific promos for long-time account holders who meet their eligibility criteria. But, if they are only interested in people with high credit ratings, you may not get a positive response if your credit rating is low.
If you’re a home buyer for the first time, you may qualify for first home super saver NSW. It is government assistance amounting to $15,000 grant for new homes as long as the purchase price does not exceed $650,000.
But the real question is—do you think it is really the best time in your life to buy a new car? If you are dead set in having one, and we can’t talk you out of it, then short term loans can make your purchase experience hassle free.
Most of the lenders have their own criterion and preferences. Perhaps a particular short term loan company is offering loans to people who are nearing their retirement age, while others simply want their borrowers to be in the working class-or those between 21 to 65 years old.
Does your current bank offer loans even for people with bad credit? Talking to your bank’s loans officers can help you access loans offered to loyal customers who have been with the bank for many years.
Dodging phone calls or letters from your mortgage lender, credit collectors and utility providers won’t help. Ignoring these payment reminders, especially about your mortgage interest rate or payments can end in forced sale.
Oftentimes, people get into debt troubles because they postpone making payments until the night before they are declared in default. Had they paid the loan sooner, they might enjoy 0% interests, or avoid penalties and extra charges. Plus their credit scores would have rated well.
If we are committed to reaching our financial goals, despite the struggles that we face on a daily basis, we won’t mind the discipline it entails to keep us moving forward. Sure, many entrepreneurs have their mindset on small and big things and most of them reach their goals without making major lifestyle changes.
In traditional sense, budgeting means cost-cutting. But, as modern businesses adapt to risky and complicated challenges; budgeting evolved from meeting the company’s needs to meeting the demands to create sustainable value for the company.
Do you know what an entrepreneurial event is? It is the period wherein your company is formed. This is the most risky period because resources, market, marketing team, human resources and other factors that play a huge role in the success of a business are very high at this stage.
With this article, we aim to inform you of what you might come across when you stop paying your loans. Be careful though, because once you are on that track, you will have a hard time getting back.
The first thing you should know and be careful about when applying for an unsecured personal loan is represented by the high fees. The loans come with higher fees than secured personal loans because that’s how the lender compensates for the lack of security.
Specialised lenders came up with innovative schemes to provide suitable options for home loans borrowers. But, despite the fact that there are various types of home financing, they are generally classified into two types: Fixed rate and variable rate loans.
You’ve applied for numerous personal loans but for some reasons, all of them have been rejected. Few things can be more painful than being rejected on a regular basis. You start to think that underwriters have a personal problem with you.
A low doc loan is exactly what its name suggests: a loan with little documentation. You will need papers to prove your identity, but also something to show that you do actually have an income.
Since you’re reading this, you’re probably already familiar with the perks of a business loan, but unable to figure out how to get one. Yes, it can be a little bit nerve-wracking, but it’s certainly doable. Follow this step-by-step guide and you’ll be on the safe side.
We will take a look at many types of personal loans, advantages, and disadvantages. With this article, we will try to inform all consumers about how to pick and use these types of personal loans.
Lenders have distinct specifications and interest rates, you could find it difficult to choose the right loan. That’s why today, we will talk about how to qualify for low doc loans. We’ll also answer other equally important questions.
Debt consolidation is pretty much like every other loan – only that you use it to pay the debts that you already have. For instance, if you have three loans, you can use this loan to pay off the other three, so that you will no longer be juggling three different loans.
Although no credit check loans sound like the solution to your problems, you should take a close look at the aspects presented above. One thing is for sure: no credit check loans are easy to obtain, no one checks your credit rating, and you can get hold of cash in less than a day.
Mortgage refinance is a strategy, and must not be taken lightly. Why do you want to refinance your home? It is important to list all your reasons before you take the plunge. If you want to lower your payment, then think about ways on how you can lower it.
Financial problems combined with the constant demands of caring for your young children can test your limits. The financial challenges of starting a family can also take a toll on your health.
A second mortgage is also tax-deductible. It has a simple and fast loan approval-which can be as fast as 24 hours or less. If you want to find some extra cash, get a second mortgage to tap into your home’s value. The amount of loan depends on the amount of ownership or “equity” you built up on your property over the years.