This year I have again volunteered for the Financial Planning Associations's Ask an Expert program. Following is one of the questions I just received and my answer. The question Hello Matt, my husband & I own our own home but have a mortgage of nearly $300,000. It is an equity style loan, we only have … Continue reading Qn: How do we get out of debt?
The banks will tell you how much you can borrow. But how much should you really borrow? This article describes how to estimate the ideal maximum amount you should borrow and the true maximum affordable repayment. Follow this process so you can avoid over-extending yourself and find a harmony between lifestyle now and your future lifestyle.
Eighteen months ago when I first wrote about fixing interest rates there had been just two RBA rate rises and fixed rates were much higher than the variable interest rates. It was also still early in the recovery and for many it may have been too early to call. So a decision not to fix … Continue reading Is now the time to fix interest rates?