Monthly Archives: September 2013

Using your home loan for a better tommorow

For years and years those of us who are home owners have come to think of our mortgages as the noose around our neck which stands between us and financial security. Many generations of home buyers have come to accept that it can take 25-30 years for a home buyer to fully pay out their mortgage. However today as never...
Read more

Giving up luxuries today for a better tomorrow

I find that my children struggle to understand the difference between luxury and necessity, and speaking to other parents I realize that this is rather common. We go on at length about needing to save for tomorrow, how money does not grow on trees, and knowing how to prioritize spending is what distinguishes many home owners from renters…..however at this...
Read more

What will bankruptcy mean to you?

Bankruptcy is a legal status offering protection to individuals who are unable to afford their debts and are not able to reach any form of a debt agreement or personal insolvency agreement with their creditors. If you become bankrupt, your life will certainly change. However much on the pressure associated with repayment of unaffordable debts will dissipate. How does one...
Read more

Negative gearing sending you broke?

Not all debt problems are necessarily the result of careless spending. Some problems start out as what appears to be a wise investment decision. However over time things can go drastically wrong. When choosing to purchase an investment asset that relies heavily on negative gearing and capital appreciation for mortgage affordability, even a temporary change in employment, health or income...
Read more

So you think you need a consolidation loan?

If you have found this website while looking for someone who will offer you a debt consolidation loan, you should take a few minutes to read the following. There is nothing wrong with debt consolidation loans, except that the borrowers who are most desperate to qualify for one, are unable to do so. There are reasons while lenders will weed...
Read more