Posts tagged deposit
How Reliable Are These Financial Rules of Thumb?

What’s a common financial rule of thumb you know? Who told you about it?

Most people find out through word-of-mouth – through a piece of advice explained by a parent or friend when approached for guidance towards buying, saving or investing. Financial rules of thumb are intended to provide guidance, and are a good starting point to begin to set your financial goals, but how reliable and effective are they?

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Lenders Mortgage Insurance: What is it and what can affect the cost?

In 2016, Australia’s biggest mortgage providers QBE LMI and Genworth Financial released a report on LMI that found 70% of borrowers mistakenly believe that LMI is designed to protect the borrower in case of a loan default. In reality, it’s quite the opposite. While there are separate products designed to protect the borrower, the purpose of Lender’s Mortgage Insurance is to protect the lender.

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On a Property Quest: How do you know when you can afford to buy?

So you’ve decided you want to become a homeowner. Whether it’s something you’ve been thinking about for a while, or you’ve woken up with a desire to get your foot on the property ladder, you need to ask yourself the first big question:

How do I know if I can afford to buy a house?

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