In Your Interest

Switching to a better mortgage could save you thousands.

Being loyal to your home loan lender could be costing you thousands of dollars over the course of your loan term. The good news is that the mortgage market is full of lenders offering great deals to all types of borrowers. Refinance your home loan and you could end up with a cheaper home loan which better suits your needs. For example, if you have an average size home loan on an average variable rate of 4.40% p.a, you’re paying $1,852 a month on your home loan. If you refinanced that average home loan to a rate of 3.59% p.a, your monthly repayments would drop down to $1,680. That’s a saving of $172 per month or $2064 a year. And over the course of 30 years, you’d save $61,920. Refinancing is

Credit card limit trap to be stopped

It seems we can finally say goodbye to those pesky letters inviting you to increase your credit limit when you really don’t need it and didn’t ask for it. You know the ones? They seem to come in the mail when you need the cash but you know you really shouldn’t be jacking your debt up any higher. New rules preventing banks from making unsolicited approaches from offering credit card limit increases will be banned after the passing of recent legislation and will come into effect from early 2019 Under the changes, banks will be banned from inviting customers to increase credit limits and will be forced to provide an online option to cancel cards or reduce credit. They won't be able to make unso

Can I renovate a property owned through my SMSF?

An exciting part of owning property is being able to renovate it, but doing so becomes a little more complex inside your Self Managed Super Fund (SMSF). If your fund owns a property outright, meaning your fund has not borrowed to buy the property, you can renovate or improve the property to your heart's content. However, if your fund has borrowed to buy the property, and the loan is still in place, you can only make improvements or renovations which do not change the character of the property. Super rules state that if you want to renovate a property inside and SMSF using borrowed funds, then you have to be careful that you do not improve the property. For example, a residential house that i

Don’t let a broken heart break the bank

This Valentine’s Day, Aussies are being warned to watch out for scammers looking to exploit a broken heart. Last year Australians lost $20.5 million to romance and dating scams, with Scamwatch receiving more than 3,700 reports. However, according to the Australian Competition and Consumer Commission, these numbers are just “the tip of the iceberg”. Women tended to be fall prey to more scams, making up 52 per cent of cases and losing more than twice as much as men. Those aged 45 and over are also the most likely to be targeted, and those younger than 24 the least likely. Most victims were targeted over social networking (28.2 per cent) and email (27.6 per cent), followed by the internet and m

7 tips for first home buyers

Buying your first property can be an overwhelming process. First time borrowers often face uncertainty over how to apply for a home loan, how to get approved, the grants they might be eligible for and where they should look to buy. On top of that, the home buying process can be filled with steps you never knew existed and contain jargon you've never heard of before. Here are a few steps that can help make the process a little less daunting. Make sure you're actually eligible for a home loan. Before you dig too deeply into the process, check that you actually qualify for a home loan. Contact your mortgage broker to see if you're in a position to qualify for a loan and if so, get an idea of ho

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ACN 159 947 323

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Etairos Finance Pty Ltd

ACN 159 947 323

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