A redraw facility allows you to make overpayments on your home loan. It also gives you peace of mind knowing that, if you’re faced with an unexpected expense, you can redraw the extra payments. How a redraw works You can make extra deposits by increasing the amount of your regular payments. You can also deposit the occasional lump … Read more
By Tony Kaye, Senior Personal Finance Writer, Vanguard Australia Australian interest rates aren’t likely to be rising in the near future. That was the continued message from the Reserve Bank of Australia this month when it announced it was keeping the official cash rate at a record low 0.1 per cent for the tenth month … Read more
We often don’t like to think of our mortality, but it’s a fact of life. The best way to take care of your business, family and loved ones in the event that you are no longer here is by putting in place a solid plan, writes Melisa Sloan, author of Legacy, and an Estate Planning Lawyer. … Read more
It seems like headlines these days keep announcing markets have hit yet another all-time high. And while it’s worth celebrating good days like this, not every day is going to be the same. When it comes to investing, the biggest elephant in the room is the word “uncertainty.” No one can say for certain what … Read more
Lenders use your credit score (or credit rating) to decide whether to give you credit or lend you money. Knowing this can help you negotiate better deals, or understand why a lender rejected you. Your credit score is based on personal and financial information about you that’s kept in your credit report. You can access … Read more
