Too often finance pieces drone on and on about "cutting back" or starting a budget when it comes to expenses but that advice clearly doesn't work. If it did, then everyone would be happily spending within their means and having tons of left over money to invest or kill their mortgage with. Instead lets save money and have fun!
Whether or not the RBA decides to lower the cash rate this month, it won't change the fact that current mortgage interest rates are super low. For those that are old enough to remember a time before sub 3% home loan interest rates you might be asking yourself, how much longer is this all going to last??
While there are many reasons to pay off a mortgage fast, one of them seems to be something most don't usually think about. For over 28% of 55+ Australians, paying off their mortgage is still part of their daily lives. This adds a huge burden to their retirement which could have been entirely avoided.
Frugality is about being frugal, thrifty or prudent in consuming resources such as time, money or even food. At it's heart it's about not necessarily spending zero money, but I think at least, getting great value for the time and money you put in. So how does being frugal to your home loan apply exactly?
Worried about your mortgage payment? A lot of people are. Mortgage stress is one of the biggest concerns for families all over the world. But if this is something you deal with it doesn't have to be. Read on as we explain 3 simple and clear steps you can take to ease this almost never ending burden.
Recently Home Loan lending rules have been in the news due to a number of various reasons. From the ASIC case against Wespac that got dismissed last August to the Royal Banking Commission it's been discussed a number of times. But what are lending rules for and why have they been changing?
Today I thought I'd cover one of the biggest pitfalls I see almost everyone do daily but that no one ever discusses. Being frugal with your money while completely ignoring your mortgage payments.
While I've covered a number of in depth, more specific topics on this website over the years sometimes it's good to get back to basics. This can be good for new and old readers alike. Hopefully these are all pretty damn obvious to you but if not, really sit back and think about them as it could be a very big wall stopping you from attaining your goals and getting ahead in life.
Here in Australia, specific agencies such as the Bureau of Meteorology and CSIRO are tracking a big jump in the number of natural disasters throughout the land. This in turn raises a number of interesting flow on effects that have - and will continue to - affect all mortgage holders.
While Mutilating The Mortgage is mostly focused on throwing huge chunks of your income at the mortgage consistently and automatically, today we're going to walk you through a very simple and quick thing you can do to hopefully give your ongoing efforts a nice boost: checking your mortgage interest rate is as good as it can be.
The Big Four Banks make up the vast majority of the home loan market and they're usually the default options when looking for a loan, however today we're going to take a look at why it could be better for your loan, your wallet and even the environment to NOT go with one of them.
Housing has changed drastically over the years and I'm not just talking about the last 2 or 3. But how might your current home change over the next 10 years with new future technologies and are there any things you can do now to help really benefit from them?
There are millions of couples out there currently working and coming home to their fantastic house every day here in Australia. While they may not be living in 50 bedroom mansions on their own private island, for many simply having a safe and secure home is a dream come true. Is yours in trouble though?
Budgeting is mostly met with groans, sighs or just a general sense of dread. It's the adult equivalent of being told to go eat your vegetables. Boring, restrictive, no fun. Learn how to have a great relationship with it instead!
Mortgage Insurance goes by many names around the world, from Private Mortgage Insurance (PMI), Lenders Mortgage Insurance (LMI) to Mortgage Indemnity Guarantee (MIG) it is an insurance policy that protects the lender of the money (ie. not you!) in the event you default on the loan or stop paying.
Mortgage Brokers are very common here in Australia and throughout the world. They help people that are looking for a loan to find the best one for their personal situation. At least that's what they should be doing anyway. Unfortunately life isn't always roses and fairy tales, especially where huge sums of money are involved so today we're going to dig deep into the world of Mortgage Brokers.
Many people already know that paying off a mortgage early saves heaps of money. However there are many other very good reasons you may not be aware of. Today I want to go through a few of the most important ones to hopefully get you more motivated so you can pay down that debt as quickly as possible.
Welcome to the New Year everyone! So do people still do that thing with the new years resolutions anymore? Or is it just something all the news outlets crap on about because they think it's still a thing? I want to get rich! I want to exercise more! I want to blah blah blah... rubbish.