Category Archives for "Finance Tips"

Is Debt Consolidation Worth It

By Matthew Kenworthy | Finance Tips

Debt consolidation is where many loans are combined into one. The most common circumstance is where multiple unsecured debts (such as personal loans & credit cards) are combined into a single loan to reduce outgoing payments. The single loan is generally secured by residential property. For smaller loan amounts they could also be combined into […]

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Frequent Flyer Home Loans

By Matthew Kenworthy | Finance Tips

Frequent Flyer programs and other reward programs are extremely popular among consumers. Some common points-based programs include: Flybuys Velocity Frequent Flyer Woolworths Everyday Rewards Qantas Frequent Flyer program. Many lenders offer the ability to earn frequent flyer points with your home loan. In some instances, these are upfront bonuses for taking out the home loan […]

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Do Banks Consider Overtime Income

By Matthew Kenworthy | Finance Tips

Different banks have different rules when it comes to considering overtime income. If overtime makes up a large part of your income it’s important to apply to a lender that will consider it. This also applies to other non-regular income components such as commission or bonus income. The higher your assessed income, the better your […]

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Redraw vs Offset

By Matthew Kenworthy | Finance Tips

Some borrowers are unsure about where to put their spare cash. Should it be in an offset account? Or should they put it straight into the loan? In many instances it makes no difference! If you pay extra money into a home loan or into an offset account it will save you the same amount […]

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