Finance

By calculating depreciation on your investment property, you may be able to claim an income tax deduction and lower your overall tax payment in a financial year.

Saving for the deposit for a new home may be one of the hardest tasks you undertake. You need to save thousands of dollars before you can get a home loan. These tips will help you get there faster.

Most lenders don’t offer no-deposit home loans anymore – the risk attached to them is too high. However, with some lenders you can still access products with a loan-to-value ratio (LVR) of 95%.

Why do lenders have to offer comparison rates for their home loans? Let’s untangle the legalities so you understand what a comparison rate is and why you should expect one from your lender.

Understanding small home loan lenders and other types of institutions can help you gain an insight to their benefits and levels of risk. Find out more.

Forty per cent of Aussie mortgage holders don’t know the interest rate they’re paying on their home loan and are likely to be paying off their mortgage at a much higher rate than they should be.

How much a lender will let you borrow varies from bank to bank, but it will broadly depend on your income, living expenses, existing loan repayments as well as a few other variables.

The idea of moving to greener pastures and setting up a hobby farm may appeal to you. However, it’s often difficult to finance the venture. You may find that many lenders won’t offer you a standard home loan for your hobby farm.

The Block winners Shannon and Simon Vos know a great deal about homes and renovating but admitted they weren’t so savvy when it came to home loans.

You may have multiple options available to you when looking for a home loan – which can make it difficult to choose the right one.

If you are suffering financial hardship as a result of the coronavirus pandemic you are allowed to withdraw $10,000 before June 30 and another $10,000 between July 1 and September 24 out of your superannuation account to help you through the hard times.

Changing interest rates can come back to hurt you if you have a standard variable rate home loan. A split mortgage offers a middle-ground, but you need to keep a few things in mind before applying for one.

So the interest-only term on your mortgage is about to end? Let’s look at your options