When it comes to super, every dollar counts. Many Australians don't realise that their employer's super contributions may not be enough to live a comfortable and financially secure lifestyle in retirement.
For most people, investing means either purchasing shares or investing in the property market. With these forms of investment, there are various risks with the most obvious one being the uncertainty of housing prices or the share market. If you are looking to invest in a high-interest term investment the power of compound interest can be very beneficial.
Now that is a question that most young Australians dwell on. There’s no doubt about it, buying a home nowadays seems impossible for most millennials. Although it’s a challenging time for first home buyers, it doesn’t need to be as daunting as you may think. Follow these steps and you’ll be on track to making the big purchase!
There’s been a lot of talk recently about the Royal Commission and in particular how Mortgage Brokers may be affected if the recommendations are adopted in full. Mortgage Brokers provide a very important service to borrowers across Australia. Customers value the service they provide, with Mortgage Brokers submitting almost 60% of all home loans funded.
Forecasting predicts future business trends by looking at past and current activity. This allows business owners to understand where their business is heading and how they can adapt to any positive or negative changes. Cash flow forecasting looks specifically at the money coming in and out of the business, allowing business owners to predict surpluses and shortages in cash over the period.
Allowing the use of your home as equity may enable the borrower to avoid Lenders Mortgage Insurance (LMI). If the loan exceeds 80% of the bank’s valuation of the property they are purchasing, the LMI can equate to a very hefty figure....