Should you restructure your loan? Restructuring your loan, or switching loans, can be an effective way to free up funds for renovations and other life costs, and help you better manage your finances. But how do you know when to restructure your loan? And is it always a good idea? Here, we look at what […]

Once the kids have moved out and you’ve recovered – emotionally and financially – you might consider downsizing. For some, the sentimental aspect and the physical strain of moving is too big a hurdle. Financially, however, there can be many benefits. Downsizing usually releases some equity which you can use to pay for retirement living […]

It’s a good idea to regularly assess whether refinancing makes sense if you have an existing mortgage or another loan. There are many factors to keep in mind when you go through this process. Here are five essential elements to consider when assessing whether exiting one loan and opening another is a wise idea. 1. […]

In the final part of this series on life stages and property, we look at the financial questions concerning Australians of retirement age. At this point in your life, you’ve had to make a great deal of financial decisions. You’ve probably had big successes – as well as failures that you’ve learned from. For this […]

The passing of someone with whom you have built a life and a family together is an incredibly difficult experience. Not only may you struggle to cope with the grief of losing them, but a great deal of practical issues will arise in the event of their death. If you were both working, two incomes will be […]

There are few life changes that will affect your financial situation as significantly as a divorce or separation from a partner with whom you share a mortgage. Obviously, splitting up is not something you anticipate happening when you invest in a home with someone, but unfortunately such situations do arise. Divorce rates down under have […]

If you’re thinking about restructuring your home loan, it’s important to weigh up the costs and benefits of doing so. While you may be excited by the thought of that trip to Thailand or that new car you could buy with your unlocked equity, there are definitely fees involved that you’ll need to account for. This […]