help with mortgage repayments - 19 matching results

Home Loan Repayment Calculator

... motivation to pay down your mortgage faster than seeing the thousands ... To use the Home Loan Repayment Calculator, enter the following information. ...

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Making sense of the banks’ mumbo jumbo

Want to get a home loan? Confused by all the different mortgage products? Here's a handy translation guide for making sense of the banks' mumbo jumbo. ... property investing because interest-only loan repayments (when compared with combined principal ... , debt consolidation and loans for mortgage or business with flexible terms ...

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Struggling with credit card debt? Some of your options.

Are you struggling with credit card debt? Are you thinking about a debt consolidation loan or a credit card balance transfer? Both options come with pros and cons. Let ... the interest rate on your mortgage is very likely lower than ... debt consolidation reduces your combined repayments to free up cash flow. ...

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First home buyers get into further debt

... debt on top of their mortgage in the last two years ... ... more than the minimum repayment required on your mortgage. Consistently paying even ... small amounts above and beyond your minimum repayment ...

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RBA interest rate cut: what does it mean for you?

Yesterday, the Reserve Bank of Australia (RBA) cut the official interest rate by 0.25% to 3.0%. What does that mean for you and what will interest rates look like in ... people are spending less on mortgage repayments and have more disposable income ... of their income to their mortgage repayments. When people have less disposable ...

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The Hidden Costs of Buying a Home — Revealed!

When it comes to buying a house, the deposit is just the beginning. Legal fees, stamp duty, bank and insurance charges, not to mention moving costs, can all add up to ... their risk. Canstar explains, “Lender's Mortgage Insurance is a condition of ... to make your home loan repayments.” To avoid having LMI added ...

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Caught in a cash crisis? The problem with payday loans.

January is one of the busiest times of the year at MyBudget. We'll receive hundreds of phone calls a week from people experiencing a debt hangover from Christmas and ... their name because the loan repayments are debited from the borrower's ... not like shopping for a mortgage or a car loan. The ...

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Making sense of mortgage jargon (part 1)

... ? Nope. Both are examples of mortgage jargon used by banks and ... ... Mortgage Insurance) protects the bank if the borrower lets their loan repayments ... , debt consolidation and loans for mortgage or business with flexible terms ...

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What’s in your credit report? (infographic)

Your credit report stores information about your debts and repayments - information that creditors use to measure your creditworthiness. Let's take a closer look ... information about your debts and repayments – information that creditors use to ... March 2014, creditors may report repayment history information. Payments more than ...

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Banks relax lending rules for renters who want to buy

In December 2010, BankSA announced that it would follow St George's lead in allowing potential borrowers to use their history of rental payments as evidence of their ... and conveyancing fees, bank fees, mortgage insurance (if applicable), moving costs ... to work out your potential repayments and begin talking to one ...

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How and why to check your credit report

... to collect information about your repayment history on consumer credit payments. ... ... to collect information about your repayment history on consumer credit payments. ... and defaults, and your monthly repayment history. What if there's a ...

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Important changes to credit reporting: advisory bulletin

... to collect information about your repayment history on consumer credit payments. ... ... December 2012. What is Repayment History Information? Repayment history information includes: The ... cards, store cards, charge cards, mortgages personal loans, and similar products. ...

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5 expenses to review once a year

The end of the financial year is a good time to review your household's biggest expenses. Do it once a year and you could save hundreds of dollars. ... money. If you have a mortgage, talk to a broker or ... to factor in any early repayment penalties, application or establishment fees. ...

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Challenge your spending habits

The Aussie credit card bill has reached nearly $50 billion. Much of this debt has been racked up buying consumer goods that go to waste. In a 2004 study, the Australia ... to one month's repayments on an average Australian home mortgage. Total wasteful ...

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Mobile phone bills that bite

In the context of the ongoing Vodafone shambles, I thought it was a fitting time to talk about mobile telephone bills. We see a lot of people at MyBudget, especially ... ” bills, such as mortgage instalments and credit card repayments. They don't realise ...

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Credit card costs become clearer

There are approximately 20 million debit cards and 40 million credit cards or charge cards on issue in Australia. Combined, we use them to make about 10 million transactions ... implications of making only minimum repayments. Credit card statements will become ... Statements must carry a 'Minimum Repayment Warning' that shows how much ...

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Home loan rate cuts: how to budget the savings

... their customers. For the average mortgage holder, the saving represents around ... ... thousands of dollars off your mortgage. Many mortgages include a redraw facility ... interest costs on your mortgage. If your mortgage doesn't include a free ...

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Mortgage stress rising. Rent or buy?

... ) about the rising rate of mortgage stress in Australia. The dream ... are being crippled by their mortgage payments. Home ownership has become . ... are being crippled by their mortgage payments. Home ownership has become ... we have perfect conditions for mortgage stress. Lifelong renting is considered ...

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Mortgages going down faster but first-home buyers struggling

A new report has found that Australians are paying down their mortgages faster. A quarter of Australians own their home outright, compared with 16 percent in 2007 ... Australians are paying down their mortgages faster. A quarter of Australians ... is 2.25 percent) are making repayments more affordable. This is coupled ...

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New budget planning tools for you

Have you ever wondered how much money you'd save by increasing your loan payments? Or how much interest you'll pay on your credit card balance over the next year? Or ... you get started: Basic Loan Repayments Calculator: Use this calculator to ... credit card by making extra repayments regularly. Savings Plan Calculator: Use ...

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Drive down car costs

Over the last few years, motoring associations across the country have reported that the cost of owning a car is skyrocketing. After factoring in petrol, interest charges ... residual balance to pay. Leasing repayments are usually lower than loan ... to include registration, insurance, loan repayments (if any), petrol, servicing, tyres ...

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5 dangers of balance transfers

When you're drowning in credit card debt, a 0% balance transfer can feel like a lifeline. And sometimes it is. But there are also lots of people who find themselves even ... the consumer is that their repayments directly reduce the principal which ... decide to apply your monthly repayments to your balance transfer first ...

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12 years to pay off average credit card debt

Aussies owe more than $50 billion in credit card debt. The average card balance is $3,282. Doesn't sound too bad, right? Hmm… ... making only the minimum monthly repayment. The situation is obviously even ... small amounts above the minimum repayment will drastically reduce your exposure ...

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Interest-free finance: how it really works

We'll soon start to see mid-year sales pop up. If you've been saving for something special, the sales might be a good time to go shopping. But retailers will also try ... you what your minimum monthly repayment amount will be: three per ... can afford the real monthly repayment amount by dividing the purchase ...

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The best of times, the worst of times

In all my years of experience helping people get on top of their finances, I've come to understand that no two situations are ever exactly the same, which is why there ... anybody. By this time, her mortgage was seriously in arrears and ... that she would qualify for mortgage refinancing. In the process, Alysa ...

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Struggling with mortgage payments? Not saving?

... ING … Continue reading "Struggling with mortgage payments? Not saving?" ... of those people struggling with mortgage payments and not regularly saving ... household expenses (food, car, petrol, mortgage, bills, entertainment, debts, clothing, lunch ...

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Too many bills, not enough money

This article appears in issue 3 of Samara Magazine, a free online magazine for women business owners and entrepreneurs. Helping people to succeed and achieve their life ... , most people say that their mortgage is their top priority. That's ... often issue default notices after mortgage payments have been missed for ...

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Manage good debt, minimise bad debt

... a home rely on a mortgage to be able to do ... ... a home rely on a mortgage to be able to do ... values in Australia have made mortgages a good long-term investment. You ...

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Riding the MyBudget bus to retirement

Two of our valued clients, Bob and Judy, have given us permission to share their wonderful story with you. Bob and Judy joined MyBudget in 2007 because, in Bob's words ... , all but Bob and Judy's mortgage is paid off and they've ... ever did. Aside from our mortgage, all our bills are paid ...

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How to get a default removed from your credit file

After writing a post about how to check your credit report, I got a number of questions from people including is credit repair possible? And can default listings and ... shows: Applications for credit; Your repayment history information on consumer credit ...

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10 credit card facts you need to know

I got this question from a MoneyTalks reader: "My younger brother has just turned 20 and landed his first regular job. To mark the occasion, he's applied for a credit ... , make just the minimum monthly repayment, increase your credit limit over ...

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Saving for a car? Budget 30 percent extra.

When it comes to buying a car, the ticket price is just the beginning. On-road costs and running expenses quickly add up. In this case study, we estimate the total first ... (for say $8,000) the repayments will be around $2,100 ...

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Spending habits that broke the bank

Nicole, pictured here, works as an advertising sales executive in Melbourne. She's an effervescent 27 year old who loves her job and is evidently very good at it. But ... tried reducing her credit card repayments by transferring half of her ...

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Big changes, big savings

At MyBudget we make a point of reminding our clients that little changes to their spending habits turn into big savings over time. If you stop buying your lunch and start ... earners also find themselves with mortgages and rent payments that are ... save money in rent or mortgage payments, but smaller accommodations also ...

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Hidden costs of buying a home (infographic)

Using the national median residential dwelling price of $576,100, we explore the costs of buying a home. What are the hidden extras you need to budget for? ... the average home price. Lender's Mortgage Insurance (LMI) is another big ...

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Turbo boost your budget

Do you need to boost your budget in a big way? I usually focus on small budget changes that add up into big savings over time. But sometimes small changes aren't enough ... less rent or a smaller mortgage could save you thousands a ...

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Tax tips (or how to stay in the ATO’s good books)

It's that time of the year-tax season. H&R Block is again offering MyBudget clients a 10% discount on tax return services and inviting you to email your tax questions ... part of home office expenses: mortgage or interest costs; rates and ...

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How to choose the right insurance for you

"This article first appeared in 'Samara Magazine', and online magazine for women interested in business and entrepreneurship. Please note that this information is general ... your home or have a mortgage? Recent natural disasters have highlighted ...

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Savings: how much is enough?

As people take control of their finances and their savings start to grow, they often ask us how much they should keep in their emergency fund. There's no hard and fast ... term deposit, pay down your mortgage faster, take a well-deserved holiday ...

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Financial freedom through personal budgeting

Financial freedom - what does it mean? How much does it cost? Are you financially free if have a hundred thousand dollars in the bank? A million? What's the benchmark ... to afford to increase my mortgage to pay for the development ...

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On the fast track to savings

Tony and his wife, Rhonda, are both in their forties. They've been married for 25 years and have a 17 year old daughter, Alexandra. Tony works as a customer service manager ... and Rhonda have an affordable mortgage and a small amount of ...

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Blessings beyond money

Ros and John's situation has touched all of us at MyBudget. The couple approached us after John suffered a medical emergency that sent their lives careening in a new ... bills, rehabilitation costs and the mortgage on their house. MyBudget was ...

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Tricky tax questions

It's that time of the year again-tax time. Time to rifle through drawers looking for receipts from last July. Time to wonder what you can claim and what you can't. We ... any of your rent or mortgage. Q. My job requires that ...

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How does Australia’s household debt stack up?

Household debt is at record levels in Australia with people going further into the red through larger mortgages and consumer credit. How do your finances stack Household debt is at record levels in Australia with people going further into the red through larger mortgages and consumer credit. How do your finances stack up? Source: Australian Bureau of Statistics

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How big is your slice of the household debt pie?

One of the ways the Australian Bureau of Statistics looks at household finances is to measure average household debt as a percentage of average household income. Over ... number of people taking out mortgages and home equity loans. In ...

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Dangers of going guarantor

I was recently looking at the case of a MyBudget client, a couple aged 65 and 72 years old, respectively. At a time in their life when they should be looking forward ... In most cases, a guarantor mortgages their home or other real ...

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Spare room can mean spare cash

The Australian Bureau of Statistics biennial housing survey has found that in the last 15 years the average number of bedrooms in our homes has jumped from 2.9 to 3.1 ... households are struggling with their mortgages and other bills. Don’t ...

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