Insights - Page 5 of 8

What is Offset Account and how does it work?

With the cost of living steadily growing and interest rates continuing to rise, hundreds of thousands of people across Australia are suffering from mortgage stress, i,e., the pressure to meet their home loan repayments. Fortunately, offset accounts have emerged as an increasingly popular way to reduce their monthly repayments.

Steve Kostovski

July 14, 2023

Mortgage broker vs bank – Which one is better for you?

When applying for a home loan, the first decision to consider is to go directly to a bank or to find a mortgage broker. While banks give home loans directly, mortgage brokers help borrowers connect with lenders and compare offers from different banks Let's look at the benefits of using a mortgage broker vs a bank for a home loan and which is best for your circumstances and financial situation. The pros and cons of using a mortgage broker Let's begin by looking at the benefits of a mortgage broker versus a bank, and the drawbacks. Pros of working with..

Steve Kostovski

July 14, 2023

What is Financial Planning and Why Do You Need It?

As the cost of living continues to increase, research has revealed that 64% of Australians, close to 2/3 of the country, are worried about their financial future. More alarmingly still, only 16% of Australians have a financial plan that would help alleviate their concerns and make them more confident and secure about meeting their current financial needs and long-term financial goals. The question is, what is financial planning - and how does it work? In this post, we explain the financial planning process, why it's important to create a personal plan, and why it's wise to work with a financial..

Steve Kostovski

July 5, 2023

A Step-by-Step Guide To Retirement Financial Planning

Although retirement may seem far away, it tends to arrive far sooner than most people expect. Plan early for retirement to increase the likelihood of enjoying your desired lifestyle after you stop working. This ensures financial security and peace of mind for you and your loved ones as you get older. With this in mind, let's look at retirement financial planning, including what you need to consider and how seeking financial advice will drastically improve your retirement strategy. How to plan for your retirement Financial planning for retirement can feel overwhelming, so our approach is to divide your retirement strategy..

Steve Kostovski

July 5, 2023

Reasons Why You Need A Mortgage Broker

When purchasing a property, you generally have two options. On the one hand, you can go directly to the various lenders to compare all their mortgage rates and options yourself. On the other, you can enlist the advice and services of a mortgage broker. So, the question is, what is a mortgage broker, and what exactly do they do, and why you need a mortgage broker? This post addresses those questions as well as why you should use a mortgage broker when you're looking to buy a property. What is a mortgage broker? A mortgage broker is an individual or company..

Steve Kostovski

June 13, 2023

SMSF set-up costs: How much does it cost to set-up a self-managed super fund?

A self-managed super fund (SMSF) is a private superannuation fund that you own and manage. In doing so, you get to decide how to invest your super contributions, who can be a member of the fund, and ultimately, whether to keep it running. However, you're also responsible for ensuring your SMSF complies with all relevant regulations – and dealing with the consequences of non-compliance. An SMSF can be a powerful tool for saving for retirement as it offers greater control over investments, the ability to pool savings with other members, and more flexible costs. However, the process of setting up..

Aman Syed

June 8, 2023

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