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Knock Years off Your Mortgage

August 22, 2012 brokeradmin — No Comments

Divide your monthly mortgage repayments into two fortnightly payments. You’ll end up making the equivalent of one extra monthly repayment each year across 26 fortnights. A move that will save you thousands. Even if your lender won’t accept fortnightly payments you can still achieve the same results by making a single extra monthly payment once each year. The Home Loan company can show you how.

Women Shape Home Ownership in Oz

July 18, 2012 brokeradmin — No Comments

Go Girls!! Research by the CBA has shown the return of women to the workplace and immigration have been key drivers changing home ownership in Oz. Post WWII home ownership rose from 8% in 1946 to 35% in 2006 and men are no longer sole breadwinners. Household incomes rose and with greater disposable income came greater aspiration allowing Aussies to get on the property ladder. House sizes have grown and backyards have shrunk too with larger houses taking over the veggie patch and the incinerator. But once we’ve got it all … are we looking to downsize? Your home loan is one of the biggest investments most people make so make sure it is working for you and put money back in your pocket. Give us a call at The Home Loan Company and we can give you a no obligation review and compare your home loan.

St George Reduces Fixed Rates

July 17, 2012 brokeradmin — No Comments

St George are reducing their Fixed Mortgage Rates effective Tues 17 July for existing & new customers switching into fixed rates. 1,2,3 yr rates reduce to 5.59%. 4 & 5 yr rates reduce 6.29%. The Home Loan Company can compare rates for you to make sure your objectives are met. Give it a try.

Homeside Reduces Fixed Rates

July 16, 2012 brokeradmin — No Comments

Homeside reduced its 3, 4 & 5 yr standard fixed rates on the Homeplus range effective 13 July 2012. 1 yr rate now 5.79%, 2 & 3 yr rates 5.89%, 4 yr rate 6.39% and 5 yr rate 6.54%. If you are looking to fix part of your home loan we can do the work for you.

SMSF Concessional Super Contributions from 1/7/12

June 22, 2012 brokeradmin — No Comments

Another tax change that may affect you and your family. From 1 July 2012, the concessional contributions limit for all individuals, regardless of age or superannuation balance, will be $25,000 per annum. If you have a self managed super fund make sure you have a chat with your financial planner or accountant asap to see if its worthwhile for you before 30 June!

Prepay your Private Health Insurance Rebate 1/7/12

June 21, 2012 brokeradmin — No Comments

You may know that from 1 July 2012, income testing will apply to the Govt Rebate on private health insurance. Currently, most people receive a 30% rebate on premiums. If you expect to earn more than $84,000 (single) or $168,000 (couples) in the 2012-13 financial year, your rebate will be affected.

To defer the impact of this change, some insurance providers are helping you lock in your current rebate if you prepay all or part of your premium before 30 June 2012 and the ATO has allowed this. HOWEVER if you prepay, know that some insurance providers have an earlier cut-off date than 30 June. Prepaying may also restrict your ability to change your cover throughout the financial year that you have paid in advance. It’s worth keeping more money in your pocket so contact your insurance provider for details to see if its worth while for you.

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