If an Investment Portfolio is of interest, the next step is to determine which type of investment will be suitable for you.
There are four different types of investments, these include:
High Interest Savings Accounts is a low risk investment. It provides stable and predictable interest payments. However, if the economy experiences inflation, the value of the cash could decrease as the cost . . .Read more
If you are thinking about purchasing your first home, you are most likely eligible for something called a ‘grant’. This a term used to refer to government assistance, and is available to those seeking to purchase their first property, provided candidates meet the selection criteria. In Western Australia, first home buyers have the opportunity to receive a $10,000 grant for the purchase or building of a new home and $3,000 grant for purchasing an established home, terms and conditions app . . .Read more
So you are thinking about expanding your property empire or want to get your feet wet into investing but you are unsure where to start, or what to look for. When you ask someone for advice, they probably tell you to ‘do your research’, but what are you supposed to be researching exactly? Don’t worry, we here at Sprint Finance have got your covered with our top tips on what to look for when you want to identify a booming suburb: How close is the suburb to the city Read more
So why should I consider refinancing? I don't really understand the benefits of refinancing as I have already acquired my property, I am paying off an approved loan and I am comfortably making my repayments in a timely manner. We here at Sprint Finance have created a quick list of reasons why refinancing can help you achieve your goals:
So I have just acquired a large sum of cash to pay the deposit for my dream home, I have found the best loan option that is perfectly suited to my situation.. but wait, I can still have my loan declined? That's right, lenders often review if the money in your bank account is of 'genuine savings'. A basic understanding of what is meant by the term 'genuine savings' along with tailored financial advice, you can get one step closer to acquiring your home! What do you me . . .Read more
So I’m self-employed and want to acquire my first home, is this possible? Yes, it most definitely is! It might sound daunting and impossible, but don’t worry, we have created a list of tips for you to consider; Are you really self employed? Before we make our way through this list, ensure that your employment status is actually ‘self-employed’. If you are a contractor or sub-contractor you might be able to get away with being seen as an employee with . . .Read more
It is a loan that works more like a credit card. You are allowed to borrow up to a certain amount for the life of the loan time limit set by the lender. During that time you can withdraw money. As you pay off the sum of money lent or invested, your credit revolves and you can use it again. These loans can be beneficial when accessing the equity in your home to use for things like home renovations, investments or other personal purchases. The repayments on a line of credit loan are dete . . .Read more
The term refers to dividing your home loan into two or more loans. It is a loan arrangement where you can have both fixed and variable interest rates on your loan at the same time. As the name implies, you split your home loan into portions and allocate either a variable or fixed interest to each one.
To further illustrate a split home loan, here is an example:
Let's say you have acquired a home loan for $200,000. An option you can look at is, dividing your . . .Read more