One of the reasons your mortgage application might have been denied is due to benchmark lifestyle expenses. When you declare your expenses in your application, even if they’re accurate, the bank will increase them, if they are lower than their minimum amount for that expense.
Learn some considerations before you renovate your existing home with a mortgage top-up or upgrade to a home that better meets your needs but has a larger mortgage.
Paying your kids for chores - should you do it? One of the ways to make a difference for your family and community is to teach your kids about money and how to make wise choices with it.
Learn about each team member you’ll need on your property investment team and what part they play. Property investment is like a team sport. Your success or failure will largely depend on who’s on your team.
What is split banking? When it comes to building wealth with property investment to reach mortgage and financial freedom, control over your financial situation is key. The problem is when you get money from the bank to buy your rental property, they have a certain amount of decision-making power over your money.
Learn how to refinance your mortgage. In times when interest rates are going up it makes sense to shop around to find a better mortgage deal to get a bit of relief in your wallet.
Learn how to reduce your financial risk while wealth building. In a perfect world, all your investments would always increase in value, income would continually flow in and your plans would always have the best outcomes. But this isn’t the perfect world.
Learn four important reasons as to why you should pay off your mortgage before you invest in the share market. Your plan for getting mortgage and financially free is coming together and now you’re wondering what’s the best way to invest your seed capital.
Learn how to do a simple financial health check and identify any red flags such as debt, overspending and more. Your income is the greatest asset you have. With it you not only take care of your and your family’s current needs, but you also have the power to secure your financial future by building wealth.
Learn about the different types of spending and how much each should be with our spending plan and take control of your finances. Understanding each type of spending will help you get an overview of your spending, quickly adjust your spending plan when needed, and allow you to do simple financial health checks periodically.