Posted in repayments

Paying off your home loan sooner can save you a significant amount of money in interest and help you achieve financial freedom faster. But the key is to control the controllables. Most of us hope and pray that interest rates will come down, that we'll get a pay rise, or that we'll have money left over each month. But relying on external factors won't get you ahead.Ready to take control of your financial future? Keep reading to discover three powerful strategies that can help you pay off your hom...

Mortgage stress occurs when homeowners struggle to meet their mortgage repayments, often when over 30% of their income goes towards their home loan. Rising living costs can worsen this situation, making it essential to understand and manage mortgage stress effectively.Causes of mortgage stressInterest rate changes - higher rates increase borrowing costs.
 Job loss or reduced income - changes in employment can impact repayment ability.
 Personal circumstances - eve...

When you decide to loan money to a family member, especially for something as significant as purchasing a property, it’s essential to formalise the agreement to avoid misunderstandings. A family loan agreement not only protects both parties but also ensures that the expectations around repayment are clear from the start.In this blog, we’ll walk you through how to write a family loan agreement and what elements to include to make sure it’s legally binding and beneficial for everyone invo...

In today's Australian property market, skyrocketing prices and tightening lending criteria have made homeownership feel like a distant dream for many. But what if you didn't have to go it alone? Co-ownership, an emerging trend in the real estate world, offers a solution that can make buying property more attainable, especially for first-time buyers.If you're considering co-ownership or simply want to explore your options further, book an appointment with FinancePath today. BOOK NOWWhat is C...

To pay more off your home loan or invest in another property?Ultimately, it depends on your financial situation and long-term goals as to whether you funnel your funds into your home or an investment property.To understand more your options, book a chat with us today. BOOK NOWRead on to discover some key factors to consider before deciding what’s suitable for you.How much do you owe on your home?If you have a significant balance on your home loan, you may need to delay plans for a...