40 Forty » savings

Guaranteeing Your Child’s Loan

admin — Wed, 14 Sep 2016 02:13:51 +0000

Rising house prices are making it increasingly difficult for the next generation to enter the market. An increasingly common way for parents to assist their children to enter the market is via a guarantor loan. Although there are significant benefits of this loan structure, it is important to understand how this can impact the parents’ …Read More

Offset Accounts: Should you have one?

admin — Wed, 31 Aug 2016 01:40:14 +0000

A common request from borrowers is that they ‘need’ an offset account. When asked to explain why, its amazing how many people say “my friend has one and they love it, so I thought I should have one too”. They suit most borrowers, but to know if one will suit you, lets first understand exactly …Read More

What is the real cost of your daily coffee?

admin — Wed, 24 Aug 2016 04:10:04 +0000

Having the financial commitment of a mortgage really makes you think about the value of your money. It forces you to watch your dollars a lot closer and brings into question the opportunity cost of doing one thing over another. It is surprising to see the impact that small financial habits, like your morning coffee, …Read More