TAXATION AND BUSINESS ADVISORS

We all regularly check our personal health, but do we check our financial health in particular our home loan. If you fail to review your home loan in the current interest rate climate, then you may be costing yourself as much as 1.5% extra in interest. Whether you have only recently taken out a home loan, or had one for many years, regular check-ups on your mortgage can provide financial benefits. Below we explain what to look for. Interest rates are changing The Reserve Bank

Australians have enjoyed some of the lowest interest rates in history. Australia’s already record low interest rate was cut again to the historically low level in February 2015 to 2.25% and many commentators are predicting a further cut in the next few months. Within a few days, most of Australia’s lenders jumped on the bandwagon; slicing up to 30 basis points from some already pretty competitively priced standard variable rates. These unprecedented rates can basically been s

Understanding how you can benefit financially in a low interest rate environment is a great way to strategise for your financial future. Below we have put together seven ways you can benefit from low interest rates. Rule out credit card debt – This is simple, yet effective. If you have money available to drawdown, pay off your credit cards because the interest payments are higher on these than currently on your home loan. Be interest rate savvy with your term deposits – Just

In attempt to avoid mortgage risk, financial analysts believe that Australia’s big banks are looking to tighten lending through heavier restrictions. Major lenders may soon be introducing different lending criteria and stricter servicing requirements as they look to reduce the amount of risk they carry on their mortgage books. Since the dial has been turned up in terms of the capital requirements banks are facing, it is no surprise that there is a general movement towards hea