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Refinance your home

When Should You Refinance Your Home Loan?

Buying a house is one of the most important financial decisions we’ll make – not to mention an extremely costly one. When it comes to getting a home loan, it shouldn’t be a ‘set and forget’ activity. Revisiting your mortgage every few years, or as you go through big life changes, is a perfectly healthy thing to do and could save you money on your repayments. Unsure how to review your home loan? We’ve unpacked what you should consider when refinancing your home. What does refinancing mean? Inovayt Finance Broker, Chris Thompson, says, “When you are refinancing, you are trading … Read more

Budgeting tips

5 Budgeting Tips and Strategies You Should Try

No matter how much you earn for a living, when it comes to budgeting, some of us simply find it easier than others. With so many budgeting tips and tricks available it can get confusing when trying to invest in a long-term strategy that works for you. An alarming 86 per cent of the Australian population don’t know how much money they’re spending every month – that’s a considerable amount of money that’s not being used effectively. Here are Inovayt’s top 5 budgeting tips to help you save. Budgeting tip #1: Decide why you’re budgeting and set a goal  The … Read more

Personal Loans Tax Deductible

Is a Personal Loan Tax Deductible?

If you’re looking for personal finance to help you out of a jam or to purchase a big-ticket item, one of the many questions you might be pondering is whether a personal loan is tax deductible. What is a personal loan? A personal loan is just that – personal. The motivations people have for obtaining a personal loan vary, but typically, they’re for something special like travel, a new car or maybe new furniture. They may also be to cover a shortfall that you might have. Personal loans are repaid with interest over an agreed term which is typically between … Read more

Loan application

Loan Application: How a Lender Will Assess Yours

Going through the loan application process can be an exciting and challenging time in your life. Whether it’s for a personal loan, car loan or mortgage, there are many things a lender must consider when it comes to assessing your application and whether they are happy to approve your loan. Lenders consider much more than your income and deposit when it comes to deciding if they’ll lend to you. Here are some of the things you can expect a lender to look at when assessing your loan application. Your ability to service the loan First things first, lenders are going … Read more

Estate planning

Estate Planning: 10 Things You Should Consider

When it comes to planning the exciting things in life, such as buying a house, having kids, or getting married, estate planning isn’t something that immediately springs to mind. Although it may be a sombre topic, it’s certainly an important one many of us avoid. You may not know what estate planning entails, or think that it’s simply a will, but it’s a lot more detailed and there are several aspects you need to consider. Here are our top ten things to keep in mind when you’re completing your estate planning. Family Structure It’s important to consider your family structure, … Read more

Are debt consolidation loans worth it

Are Debt Consolidation Loans Worth it for Me?

Between home, personal and car loans, having to pay back multiple loans may make you wonder if debt consolidation loans are worth it based on your current situation. Debt consolidation loans give users the opportunity to simplify their finances, as well as potentially allow people to increase their borrowing capacity. Let’s look at debt consolidation loans in more detail and how they can benefit you.  How does it work? Essentially, debt consolidation is bringing all your existing debts together into one new debt, which can help you manage your repayments and give you a clearer picture of your financial future. … Read more

Personal loan with poor credit

Can I Get a Personal Loan with Poor Credit?

If you’ve had previous money problems, you may be worried you won’t be able to obtain a personal loan with poor credit. While many of us are under the impression that no one will lend to those of us without a gleaming track record, this isn’t the case. There are many aspects that make up your overall credit score and there are ways you can improve your score. Read on to see how you can get a loan despite a poor credit score, as well as ways to boost your current one. What is bad credit?  Credit can be a … Read more

Insurance broker

Why Use an Insurance Broker?

Insurance is an extremely important aspect of our lives – whether it’s for individual or business needs. With an abundance of information available online, it’s not uncommon to feel stressed. Enter an insurance broker and you may have found the perfect person to help you navigate your way through the stressors of insurance. Even with an insurance broker involved, dealing with insurance can be confusing and quite frankly, overwhelming. However, when you engage a broker, you’ve got someone on your side who is working for you, and not the insurer, so you know you’re getting the best advice possible. Why … Read more

Ownership structure

The Importance of Ownership Structure When It Comes to Investing

When it comes to investing in property, there is a lot of information readily available around what kind of property will give you the best return and how to choose the right loan. However, there’s very little information or discussion around ownership or loan structure even though it’s fundamental for property investors to consider these structures carefully. Remember, your decisions will not only impact you now but into the future. What should I consider when it comes to ownership structure?   Asset protection An important consideration when determining ownership structure is asset protection. If you have an owner-occupied property and … Read more

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