Insights
Managing your loan
What Happens to a Mortgage When Someone Dies?
The mortgage does not end when someone dies. How joint tenancy, the estate, insurance and the lender work in NSW, and what to do first.
How Is Home Loan Interest Calculated in Australia?
How is home loan interest calculated? Daily on your balance and charged monthly. A worked example at 6%, and how an offset or extra repayments cut…
Can You Use Your Super to Pay Off Your Mortgage?
Can you use super to pay off your mortgage? Usually once you retire after preservation age or turn 65. Early release only applies to stop a…
Should You Use Your Home Loan to Buy a Car?
Can you use your home loan to buy a car? The rate is lower, but over 30 years a $40,000 car costs about $46,000 in interest…
Green Home Loans: Discounts for Energy-Efficient Homes
Green home loans in Australia: some lenders discount the rate for 7-star homes or fund solar and batteries cheaply. What qualifies in NSW.
Using Home Equity to Fund a Business: Risks and Structure
Using home equity to start a business is cheap money, but it puts your home behind the business. How to structure it and what is deductible.
Can You Get a 40-Year Home Loan in Australia?
40-year home loans in Australia: a few lenders offer them. On $600,000 at 6% the repayment falls about $296 a month but interest rises about $290,000.
Moving Overseas With a Mortgage: Your Loan, Rent and Tax
Moving overseas with a mortgage? Tell the lender, expect an investment loan if you rent the home out and avoid the capital gains trap.
Line of Credit Home Loans: How They Work and What They Cost
A line of credit lets you draw on your home equity up to a limit and pay interest only on what you use. How it works,…
How to Pay Off Your Home Loan Faster: Seven Methods, With the Numbers
How to pay off a home loan faster, with worked numbers: extra repayments, fortnightly payments, offset, lump sums, a lower rate and when not to rush.
Comparison Rate Explained: What It Means on a Home Loan
A comparison rate combines a home loan rate with most of its fees in one figure. How it is calculated, what it leaves out and how…
Mortgage Hardship: What to Do If You Can’t Pay Your Mortgage
Struggling with mortgage repayments? How to ask your lender for hardship help, the 21-day rule, the options, AFCA and free financial counselling.
Loan Portability: Taking Your Home Loan to a New Property
Home loan portability lets you keep your loan when you sell and buy. How it works, when it saves money, lender conditions and when to refinance.