Many people simply make their allocated mortgage payment each month, but with a little extra diligence, you can pay off your loan much more quickly. Even as little as $100 extra repayment per month can make a big difference in the long term.   Other tips include.   Repay your mortgage more often By making…

Peer-to-peer (P2P) lending is becoming more popular in Australia. It involves borrowing money from individual investors. By lending their money, the investors usually get a more attractive return than they do on a lot of other investments, and for borrowers there is the advantage of generally lower interest rates than those offered by traditional lenders.…

This year, the Turnbull Government is forcing all of the big banks to join the ‘Comprehensive Reporting Regime’. Its impact will be both positive and negative.   Background The Comprehensive Credit Reporting Scheme was introduced in 2014. Before the scheme was introduced, credit reports featured only information such as missed payments of more than 60…

Simplify Finance has been named the Best New Group as well as making it into the Top 40 AFG (Australian Finance Group) Mortgage Brokers NSW/ACT! Each year AFG honours the top brokers throughout Australia and this year Simplify Finance had a double win! I’m so proud of this team – this business is only just…

I know you’ve heard this from me before because I’m always saying that mortgage brokers make life easy for property buyers. And don’t get worried, I’m not about to change my view. In fact, I heard a story recently that just convinces me even more, of the value of mortgage broker services. So much so,…

All of the real estate experts talk about how the right property, at the right price, in the right location at the right time, is the magic formula to making good money from real estate investment, both in terms of rental income and capital growth. What people never talk about is the financial structure behind…

The Australian Competition and Consumer Commission (ACCC) is currently working with lenders to understand their fees and charges and how they weigh profitability against consumer interests, particularly in light of the fact that they increase interest rates when the RBA keeps official rates on hold.   While the banks need to, and should, make a…

There was a story I posted about last week – research from MOZO that shows that the ‘Bank of Mum and Dad’ is now Australia’s 5th biggest lender.   But here’s the rub. New research now shows there’s a big pitfall in this particular banking system too.   Let me explain. While the ‘Bank of…

Most people think that Spring is peak property selling season, and while research suggests otherwise, it’s still a very advantageous time for buyers.      Say what? …. There’s actually no real hard and fast research to suggest that Spring is the best time to sell your property. But here, on the beaches, many homes start…

While it is more than likely that you do have some insurance cover in your mortgage and your superannuation fund, what you need to understand is that these are basic, generic levels of cover and more often than not, they are nowhere near adequate enough…   … But you don’t find that out until you’ve…