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Three (financial) New Year’s resolution ideas

Cut calories, increase your steps, abstain from alcohol: each year we set ourselves some pretty lofty New Year’s resolutions, most of which are doomed to fail. So why not add a nice straightforward financial goal to the list this year? Here are three to get you started.

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How many SMEs find it difficult to repay business loans?

Ever thought about taking out a loan for your business but hesitated because you were worried about meeting your repayments? Don’t worry, it’s a common concern. But some promising data has just come out that might help you put those fears aside.

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Don’t drown in Buy Now Pay Later debt this Christmas

Christmas is fast approaching and there’s a good chance you’ve started turning your attention to gifts for family and friends. But be careful this silly season: more than half of Buy Now Pay Later (BNPL) customers are struggling to pay day-to-day living expenses.

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Stuart Bayliss MFAA, DipFS Stuart Bayliss MFAA, DipFS

Glossary: What is cross collateralisation?

Cross collateralisation is a complex term for a borrower offering two properties as security for a new loan.

It keeps the loan to value ratio (LVR) as low as possible, which increases the likelihood of securing the loan, and helps to avoid other costs like lenders mortgage insurance (LMI).

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Stuart Bayliss MFAA, DipFS Stuart Bayliss MFAA, DipFS

What’s the best day to auction your house?

Drive or walk around your local suburb mid-morning on a Saturday and chances are you’ll pass a few freshly banged up ‘Auction’ signs. But is Saturday actually the best day to auction your home? New data suggests perhaps not.

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Stuart Bayliss MFAA, DipFS Stuart Bayliss MFAA, DipFS

Is it time to fix?

The world’s economy is coming back into a slightly inflationary cycle, and is slowly starting to show green shoots. The message is – if you have a home loan then now’s the time to consider fixing it if that suits your situation; or if you are looking to purchase then consider a fixed rate.

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