Why is it important not to overlook lenders mortgage insurance? What's the risk of cross-securitising properties? Here are five mortgage traps to avoid.
Property
Buying property on your own is not impossible but you'll be going up against couples with two incomes, so it requires plenty of discipline.
A simple change to how often you pay your mortgage could save you tens of thousands of dollars and shave years off the life of your home loan.
If you're one of the 80% of mortgage holders who stick with the big bank they know but usually don't love, you could be throwing away tens of thousands of dollars.
If you've been supposedly saving for a deposit for years without making much progress, it's time to give yourself a deadline.
Don't buy into the idea that home ownership is just a pipe dream. More than a third of Aussie properties have mortgage repayments lower than than rental payments.
Kaye has the money to pay off her investment property in full, but should she keep making payments while it is rented out?
Having a garden doesn't have to be a drain on your resources. It can actually help you slash your water, electricity and grocery bills.
Around 700,000 interest-only mortgages will convert to principal and interest this year, leaving borrowers owing hundreds more each month. So what are your options?
Col's daughter has saved $40,000 more than her husband towards their home deposit. Should he pay her back to keep things equal?
