Saving interest on your mortgage is easier than you think. On a home loan of $600,000 on todays rates, an additional payment of $80 per week can save you $100,000.
The banks calculate your interest costs on the daily balance so extra payments have an impact. By using a floating rate home loan you can keep a degree of flexibility on additional payments.
Following the OCR cuts majority of banks reacted by mostly passing on the .5% to the floating rates. The fixed rates however received less love.
For a typical couple approaching there 50s, getting into an investment property could mean another $800,000 in retirement(in this example). That is considering a property
There will always be limits on the amount of healthcare a country can afford. I actually feel like we have it pretty good here in
It is a given that the central bank will move the OCR down. However, does that mean that fixing short is the best approach to
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