how to pay off mortgage quickly - 11 matching results

What can you do if your mortgage gets behind?

... financial pinch. There's Christmas to pay for, summer holidays and extra ... can you do if your mortgage gets behind?" ... financial pinch. There's Christmas to pay for, summer holidays and extra ... to act quickly. Lenders often issue default notices after mortgage payments have ...

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Home loan rate cuts: how to budget the savings

... their customers. For the average mortgage holder, the saving represents around ... ... mortgage (see below.) Want to pay off your mortgage faster? If you keep paying ... emergency funds while paying off your mortgage more quickly. A mortgage offset facility is ...

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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 ... really cared.” To pay down her debt as quickly as possible, Alysa ... that she would qualify for mortgage refinancing. In the process, Alysa ...

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First home buyers get into further debt

... debt on top of their mortgage in the last two years ... ... target borrowers who have mortgages and you'll quickly find yourself on multiple ... minimum repayment required on your mortgage. Consistently paying even small amounts above ...

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Manage good debt, minimise bad debt

... a home rely on a mortgage to be able to do ... ... values in Australia have made mortgages a good long-term investment. You ... antique or collectable items—will quickly lose value. With bad debt ...

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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 ... to reducing your debt as quickly as possible.

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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 ... credit card debt which they're paying off quickly, but they've been disappointed ...

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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 . ... we have perfect conditions for mortgage stress. Lifelong renting is considered ... landlords, Alex and Ros, pay a mortgage of around $1000 per week. ...

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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 ... budget. One of our clients quickly paid off a large credit card ... save money in rent or mortgage payments, but smaller accommodations also ...

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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. ... any extra money you pay off your mortgage. It's like an offset ... , debt consolidation and loans for mortgage or business with flexible terms ...

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Making sense of mortgage jargon (part 1)

... ? Nope. Both are examples of mortgage jargon used by banks and ... ... behind or they default (stop paying). LMI protects the lender; it ... , debt consolidation and loans for mortgage or business with flexible terms ...

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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 ... securitisations. However, the cost of paying higher interest on savings has ... MyBudget clients home loan refinancing, mortgages, and car loans with flexible ...

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Struggling with mortgage payments? Not saving?

... ING … Continue reading "Struggling with mortgage payments? Not saving?" ... household expenses (food, car, petrol, mortgage, bills, entertainment, debts, clothing, lunch ... and pay your bills in that order. Talk to your mortgage lender ...

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Too many bills, not enough money

... as much to people in paid employment … Continue reading "Too many ... ... you pay first: your car insurance or mortgage? How will you pay for ... often issue default notices after mortgage payments have been missed for ...

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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 ... it easier to save regularly. Pay off any existing debts Given ...

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Blindsided by unexpected debt

Sometimes money troubles happen when you least expect them. Everything seems to be going along just fine then the car breaks down, a relationship falls apart or someone ... our commitments on pay day. On pay day we pay our bills, do ... out of nowhere and accumulate quickly. It also highlights that tackling ...

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Stop wasting money on wasted food

I hate the sight of brown bananas in my fruit bowl or slimy, limp lettuce in the crisper drawer. It makes me feel like I didn't meal plan properly, and food is too expensive ... the gas they ripen more quickly. Some fruits produce more ethylene ... your other fruit to ripen quickly). Some of the worse culprits ...

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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 ... time. New cars depreciate very quickly. In fact, they lose 20 ... is no residual balance to pay. Leasing repayments are usually lower ...

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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 ... first home owners who are paying inflated rental prices. Critics argue ... and conveyancing fees, bank fees, mortgage insurance (if applicable), moving costs ...

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Christmas budget checklist

... , but other expenses add up quickly, too, even if … Continue reading ... ... , but other expenses add up quickly, too, even if you plan ... might see a drop in pay due to a Christmas shutdown ...

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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 ... but Bob and Judy's mortgage is paid off and they've planned their ... Aside from our mortgage, all our bills are paid off and we've ...

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Are you scraping money into the bin?

How much food goes to waste at your house? According to research, Australians throw away about $5.2 billion of food every year or 3 million tonnes. That's a lot of food ... fruit you want to ripen quickly, but they'll also cause their ... companions to spoil more quickly. (For over-ripe bananas, here's a ...

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Crash course in the cost of car ownership

Saving for a car? The ticket price is just the beginning. On-road costs and running expenses quickly add up. Here's a checklist to help you budget. Saving for a car? The ticket price is just the beginning. On-road costs and running expenses quickly add up. Here’s a checklist to help you budget.

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Happy New Year! Time to set your goals for 2014.

Happy New Year! As the current year draws to a close, it's time to start focusing on your goals for 2014. What do you want to achieve with your finances next year? It ... money. Little, regular steps will quickly add up to a marathon ... changes. You might get a pay rise that boosts your budget ...

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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 ... in full from their next pay packet. Payday loans usually have ... not like shopping for a mortgage or a car loan. The ...

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Step-by-step guide to goal setting for money management

The aim is that by the end of this five-step process, your goals (combined with your MyBudget budget) will represent a money map for the year ahead and beyond. Step 1 ... money – little, regular steps will quickly add up. —————————- Step 4 ... changes. You might get a pay rise that boosts your budget ...

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Importance of saving

Around 3.7 million Australians have no savings. They're living week-to-week with no funds to fall back on should an emergency or unexpected expense arise. It's a scary ... card, too. Suddenly, they can't pay off their credit card balance ... are areas where loose change quickly turns into cold hard cash. ...

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Pet insurance: Is it worth it?

Pet insurance is becoming increasingly popular, but is it worth it? In this blog, we look at the pros and cons and explain how pet insurance works. It was a Sunday and ... insurance, with pet insurance you pay a monthly, fortnightly or annual ... increase and can jump up quickly. But, by the same token ...

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10 tips to get financially fit

Are your finances feeling a bit flabby? Are you ready for a financially fitter you? Financial health is a lot like physical health - neither can be achieved without discipline ... you want and to pay down debts as quickly as possible, beginning ... payroll deposit part of your pay directly into a separate savings ...

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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 ... make regular deposits into it Pay off any existing debts, especially ...

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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 ... might look at getting it paid after 1 July, thus moving ... part of home office expenses: mortgage or interest costs; rates and ...

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The rising cost of weddings

... couples go into debt to pay for their big day. Find ... ... couples go into debt to pay for their big day. Find ... of single-dom. The surveyed brides quickly caught up in the spending ...

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10 tips for a debt-free holiday

Planning a summer getaway? Leave the baggage of credit card debt behind. These quick tips will help you budget for a fun and affordable holiday. Start planning early ... cost of airfares or driving quickly adds up, especially when a ... the local supermarket (much cheaper!) Pay for drinks and meals with ...

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Australia leads world for job insecurity

Nearly 40 per cent of Australian workers are now non-permanent employees. Half of them are casuals and the remainder is made up of self-employed business owners, contractors ... widely fluctuating income from one pay to the next. Contractors and ... have work, but feast can quickly turn into famine. These factors ...

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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 ... then refinanced the house to pay it off. Unfortunately, I did ... that changes, big and small, quickly add up and turn things ...

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Home Loans

... may have had loan arrears, paid or unpaid defaults, judgments against ... Loans can help borrowers secure mortgage finance who do not fit ...

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Home Loans

... may have had loan arrears, paid or unpaid defaults, judgments against ... Loans can help borrowers secure mortgage finance who do not fit ...

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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 ... real MyBudget client Nicole. She paid off $40,000 in credit ... applies to housing–paying less rent or a smaller mortgage could save ...

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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 ... Lifetime Health Cover initiative, you pay a two percent loading on ...

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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 ... you're putting money from every pay into a bank account that ... If you're paying interest on your purchases, any discounts are quickly eaten ...

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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 ... , open a term deposit, pay down your mortgage faster, take a well-deserved ...

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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 of ...

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10 tips for budgeting for a holiday

With winter behind us, many people are starting to think about taking a holiday. But a holiday that comes with the baggage of credit card debt or financial stress is ... Have a proportion of your pay deposited directly into this account ... local. The cost of airfares quickly adds up, especially when a ...

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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 ... on “serious” bills, such as mortgage instalments and credit card repayments. ... , yet they're still liable to pay for the remaining contract. Long-term ...

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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. ... Gas and electricity Are you paying too much for power? There ... aren't paying too much for borrowed money. If you have a mortgage ...

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Save money on organic food

Ever wonder why organic berries are so expensive? I read here that it's because organic berry farmers lose up to half of their crop to insects and disease. Conventional ... not appetising, but neither is paying an average of 30 per ... cause food to decay more quickly. There's one exception: To stop ...

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Spiralling debt despite good income

Pictured here, one of our Victorian clients, Jody, has given me permission to share her story with you. Jody's situation highlights what we know to be a fact-it's not ... ” Since joining MyBudget, Jody has paid off two high-interest loans and ... a little help people can quickly learn to live (and prosper ...

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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 ... on an average Australian home mortgage. Total wasteful consumption amounts to ...

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The voice of MyBudget

When I was little I dreamt of being a singer. I even joined the Johnny Young Talent School. Fortunately - to the great relief of my family's ears - I eventually came ... all made sense and we quickly realised that my voice had ...

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Last minute Christmas tips

At MyBudget, we're approaching some of our busiest months of the year. The New Year will bring with it hundreds of phone calls and emails every week from people asking ... people get back on track quickly, but the best cure for ...

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Last minute Christmas tips

At MyBudget, we're approaching some of our busiest months of the year. The New Year will bring with it hundreds of phone calls and emails every week from people asking ... people get back on track quickly. But the best cure for ...

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Lauren Clarke: leading by caring

When Tammy May reflects on MyBudget's rapid growth over the last decade, she says that staff have been one of the key ingredients. "When I launched MyBudget, I knew we ... expanding company was that Lauren quickly gained experience in a broad ...

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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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Experiences make people happier than "stuff"

Most of us are guilty of having somewhere in our home that's so full up with "stuff" we don't know what's in there. For some people it's the wardrobe, for others it's ... , tends to lose its newness quickly. Eventually your new couch becomes ...

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Gone phishing: scams to watch out for

If you get a call from someone at Microsoft saying they need remote access to your computer, it is not a new service initiative from Bill Gates! It's a scam. There's ... who declare their love very quickly, people who claim to have ...

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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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Cheap speed

Some people have a need for speed. But is there a safe, cost-wise alternative to buying a fast car? According to Ian Williams of the Australian Karting Association, the ... notices, and a fast car quickly becomes a fast track to ...

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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 ... found that Australians are paying down their mortgages faster. A quarter of ... of older Australians are paying off their mortgages. But unfortunately it's not ...

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Dangers of going guarantor

... with selling their home to pay off a $150,000 bank ... ... In most cases, a guarantor mortgages their home or other real ... the borrower stops paying? Could you afford to pay the loan on ...

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Important changes to credit reporting: advisory bulletin

MyBudget would like to share this important update with you. Changes to privacy laws now allow credit reporting agencies to collect information about your repayment history ... cards, store cards, charge cards, mortgages personal loans, and similar products. ... payments processed by MyBudget are paid on or before the due ...

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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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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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7 Ways to Pay Off Your Credit Card Faster

... have proved that you CAN pay off your credit cards faster ... , … Continue reading "7 Ways to Pay Off Your Credit Card Faster" ... have proved that you CAN pay off your credit cards faster ... and identifying areas where you're paying more than you need to. ...

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Keep hotel charges in check

... to re-mortgage the house to pay … Continue reading "Keep hotel charges ... ... to re-mortgage the house to pay for them). Things haven't changed. ... you're spending. Elect instead to pay for drink and meal charges ...

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Fly high, pay low

... at … Continue reading "Fly high, pay low" ... charge by weight. Expect to pay around $40-$50 for 20-30kg. Saving ... Seat selection: On budget airlines, paying for seat selection is the ...

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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 ... wrong? 1. You fail to pay off the balance before the ... probably going to have to pay on time and always meet ...

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How and why to check your credit report

... good news for people who pay on time. But if you ... pay late, it means that … Continue ... ... good news for people who pay on time. But if you ... rules to your advantage by paying on time. If you're finding ...

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Tax changes 2013

There have been a number of important changes to the tax code this year. To walk us through a few of them, MoneyTalks spoke with Frank Brass, regional director at H&R ... the tax-free threshold from the payer that represents your primary (highest ... cheques—all refunds must be paid directly into a bank account. ...

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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 ... interest-free period. Either way, it pays for us to talk about ... – ouch! To avoid paying any interest you must pay the outstanding balance ...

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Schoolkids Bonus: let's go shopping?

... , the Schoolkids Bonus will be paid in two instalments at the ... receipts to file. It will pay: $410 for each child in ... ... , the Schoolkids Bonus will be paid in two instalments at the ... left over portion, perhaps to: Pay down high interest debt Top ...

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Tricky tax questions 2011

... Australian Tax Office (ATO) to pay refunds? A: Ninety per cent ... ... contribution; An exchange student not paying commercial rent; Any other class ... of boarder not paying arm's length commercial rent. Under ...

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Aussie credit card bill reaches record high

On 16 January, 2010, the Sunday Mail reported that Australia's total credit card bill has reached a record high of $48.8 billion. Combined with the highest interest rates ... flyer points (which, if you pay interest on your purchases, are ... every month. If you're not paying off the balance in full ...

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Watch out for “free” credit card deals

"Get a complimentary flight", "earn up to 30,000 bonus points", "collect two points for every dollar you spend." These are just some of the deals credit card companies ... disciplined, never overspend and always pay off your credit card balance ... a balance of $4300 and pays around $700 in interest every ...

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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 at how ... widely used in Australia. It pays to review your credit report ... improve your creditworthiness is to pay your bills on time. Improve ...

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