Angus is keen to reduce the interest payable on his new home loan, but paying down a mortgage early is a trap for many property owners says Paul Clitheroe.
If your home loan lender passed on either of the recent cash rate cuts, you might be excited about paying less each month. But before you start spending, ask yourself what is worth more: the extra cash or $40,000.
It's been around since 1985 but few Australian pensioners have taken up the Pension Loans Scheme, which allows them to unlock money tied up in their homes to help pay for day-to-day expenses.
Planning to move overseas for work and join the global community of expats? Here's a money checklist to ensure your financial and property affairs are in order.
Do we think property and shares will do better than 4% over time? Of course we do. But we made the choice to become debt free on our home because we sleep better at night, writes Paul Clitheroe.
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