Why is the bank saying I can’t service a loan?

Why is the bank saying I can’t service a loan?

Oct 3, 2018 | Finance

A question we often get goes something along the lines of: ‘I make my repayments on time, and I save $1,000 per month, why is the bank saying I can’t service a loan?’ Here’s how banks conduct loan serviceability. When a bank calculates loan...
More carrot, less stick: Comprehensive Credit Reporting

More carrot, less stick: Comprehensive Credit Reporting

Sep 26, 2018 | Finance

Many people only pay their bills on time to avoid being slugged with late fees and a bad credit rating. But a big change this month means that you can now be rewarded for timely repayments. From mid-September, ANZ, NAB, Westpac and CBA all agreed to commence...
The importance of a will and a power of attorney

The importance of a will and a power of attorney

Sep 19, 2018 | Finance

It’s a morbid thought that many of us tend to shy away from, but end-of-life financial planning is a crucial stage in any wealth-building plan. One day down the track you’ll no longer be around to make the most of the property portfolio you’ve worked...