Blog

Four ways to pay off your loan sooner!

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 fortnightly repayments…

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Peer to Peer Lending What is it? How do you use it?

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.…

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Comprehensive credit reporting – what it means for borrowers.

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…

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Two great reasons to celebrate the end of 2017!  

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…

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The $10,000 reason you should choose a mortgage broker.

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,…

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Easy way to find the best home loan rate

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 profit,…

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Australian kids need finance education!

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…

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Spring has sprung! Are you ready to snap up a property?

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 to…

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