Category: Refinancing

Switching home loans can be a really smart move under the right circumstances, but there are also times you’re better off staying with your current mortgage. If you refinance at the right time, you could take advantage of lower monthly repayments and be able to pay off your mortgage sooner, or access some of the […]

When you’re applying for a mortgage, lenders don’t just look at your income, your deposit and your equity – they also look at how much you spend each week, month and year. Many lenders use the Household Expenditure Measure (HEM) to calculate the living costs of applicants HEM takes into account essential expenses like groceries, […]

Refinancing your home can save you money, but be warned: it can also impact your credit score. Refinancing means applying for a new loan and giving permission to a lender to make a credit enquiry – which could (but not necessarily) cause your credit score to drop slightly Making several credit enquiries over a short […]

Buy-now-pay-later services have exploded in popularity in recent years. Afterpay recently revealed that it is adding more than 15,000 customers a day and reported 6.1 million active customers globally at the end of October. It’s easy to see the surface appeal: they make spending money extra easy, there’s (usually) no interest charged, and the product […]