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Can you ask for a discount on your mortgage rate?

Can you ask for a discount on your mortgage rate?

Haggling doesn’t come easy to many people. Negotiating over the price of goods and services simply isn’t that common in some countries.

But are homebuyers missing out on thousands of dollars of savings because they balk at bargaining? The answer is yes, according to new research from finder.com.au.

People can save $20,000 over the course of a mortgage by securing a discount of just 0.2 percentage points on the interest rate, yet less than half of respondents (43 per cent) have the confidence to ask.

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4 reasons why you should use a mortgage broker in 2018

4 reasons why you should use a mortgage broker in 2018

Are you looking to purchase a property in 2018? A member of our team can help you get the most ideal home loan for your circumstances.

We believe using a broker always gives people an added edge when on the hunt for a dream home, but there may be more reasons than usual for seeking extra assistance next year.

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What tax deductions are available for investment properties?

What tax deductions are available for investment properties?

Investment properties are a popular long-term wealth strategy for Australians, delivering both a regular income stream and an asset that should appreciate in value over time. One-fifth of people in the country had at least one investment property in 2016 – up from 17 per cent the previous year, according to ING DIRECT figures.

But if you’re looking to join the ranks of Australia’s growing army of investment property owners, you’ll need to educate yourself on what deductions are available.

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4 benefits of using a personal loan to consolidate debt

4 benefits of using a personal loan to consolidate debt

Paying off debt was a priority for Australians in 2017, with finder.com.au figures showing that 30 per cent of people made this their New Year’s resolution last year.

Unfortunately, these efforts weren’t entirely successful. Personal insolvencies climbed 8 per cent in the September quarter when compared with the same three-month period in 2016, according to the Australian Financial Security Authority (AFSA).

Borrowing more money may seem like a risk when your financial situation is already uncertain, but personal loans can allow you to consolidate debts, which has a number of benefits.

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Will property prices fall in 2018?

Will property prices fall in 2018?

Falling property prices are often good news because they mean prospective homeowners can clinch a more affordable mortgage. But Australian real estate values have been moving in the opposite direction for some time, making it difficult for many people to get on the property ladder.

In January 2017, CoreLogic’s monthly Home Value Index showed prices across the country’s capital cities had risen 10.7 per cent year on year.

However, the latest index reveals annual gains have more than halved to 5.2 per cent. Are homes becoming more affordable? And will 2018 see further declines?

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Is it time to review your interest rate?

Is it time to review your interest rate?

Being aware of your interest rate can save you money in the long term. As the official cash rate and other financial conditions change, it’s possible that your interest rate is no longer the best it could be. Therefore, it’s important to regularly review your mortgage.

So, when exactly should you reconsider your interest rate?

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Will renovesting be the 2018 property trend?

Will renovesting be the 2018 property trend?

A panel of economists has predicted three major trends within the Australian property market for the year ahead, says finder.com.au Insights Manager, Graham Cooke. These expected trends come after the panel correctly predicted that the cash rate would remain at 1.5 per cent following the Reserve Bank of Australia’s final meeting of 2017.

So, what trends should property investors be looking out for this year?

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Tips on how to get your finances back on track in 2018

Tips on how to get your finances back on track in 2018

Setting your New Year’s resolutions is the easy part. It’s actually following through on those goals that tends to be where a lot of us slip up. Now that we are in February here are three helpful tips for taking control of your financial situation this year.

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How to start saving to buy your first home

How to start saving to buy your first home

For many people in Australia today, especially those on the younger side, having the means to buy a house all by oneself is simply unrealistic. While they’d love to throw down $100,000 in cash for a deposit on a nice place, they don’t have that kind of money and possibly never will. So, what can be done?

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Is now the right time for you to refinance?

Is now the right time for you to refinance?

If you’ve got a home loan and you’re looking ahead to many, many years of making hefty repayments, it’s only natural to look around for a better deal. Countless Australians are wondering right now whether it’s a good time to refinance.

Is now right for you? It depends on the lending climate you’re in. Are interest rates increasing or decreasing? What sort of offers can you find if you shop around?
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