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  • RBA Rate Cut

    • 04/06/2019
    • Posted by: Nick Lucey
    • Category: Advice, ASX 200, Banking, Economics, Finance & accounting, Financial Planning, Legislation, Mortgage Broking, Purchasing Property
    No Comments

    Hi Everyone, I hope you are well on this day of great news! As you have probably seen or heard, today, the Reserve Bank of Australia cut the cash rate from 1.5% to 1.25%. This is the lowest it has ever been and the first change since August 2016. You can see the full statement

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  • Motor Finance Pre-Approval Quiz – 3 simple questions

    • 16/04/2019
    • Posted by: Nick Lucey
    • Category: cars, Finance & accounting, loans, money, Mortgage Broking
    No Comments

    Click here to take the quiz

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  • Can You Borrow To Invest In Property Through Your SMSF?

    • 03/06/2018
    • Posted by: Nick Lucey
    • Category: Financial Planning, Investments, loans, money, Mortgage Broking, SMSF, Superannuation
    No Comments

    Is It Possible To Borrow From Your SMSF To Invest? While borrowing through an SMSF to invest in property is possible, there are strict rules governing how the loan and subsequent property purchase must be structured when using borrowed money inside an SMSF. Borrowing through an SMSF to invest in property must be done under

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  • Home Loan Features

    • 05/04/2018
    • Posted by: Nick Lucey
    • Category: Finance & accounting, Financial Planning, loans, money, Mortgage Broking
    No Comments

    What Features Can I Choose in My Home Loan? Home loan features are packaged in ways to meet the many and varied needs of consumers. They are usually distinguished in terms of features or characteristics such as: interest rates method of calculating the interest, whether variable or fixed portability — the ability to keep the

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  • Variable Rate Vs Fixed Rate Loan

    • 05/04/2018
    • Posted by: Nick Lucey
    • Category: Finance & accounting, Financial Planning, loans, money, Mortgage Broking, Uncategorized
    No Comments

    Variable Rate Vs Fixed Rate Variable rate home loans are Australia’s most popular type of home loan. The interest rate can vary throughout the term of the loan, going up or down, in accordance with prevailing economic conditions. Variable rate home loans offer interest rates defined by the Australian industry cash rate. When interest rates

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  • What is a comparison rate?

    • 05/04/2018
    • Posted by: Nick Lucey
    • Category: Finance & accounting, Financial Planning, Investments, loans, money, Mortgage Broking
    No Comments

    Comparison Rate MoneySmart defines a comparison rate as: ‘A rate that helps you work out the true cost of a loan. It includes the interest rate, and most fees and charges relating to a loan, reduced to a single percentage figure’. It can be difficult for consumers to compare home loans that have different interest

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  • The True Value of Advice – Research Paper

    • 06/02/2018
    • Posted by: Nick Lucey
    • Category: Financial Planning, Investments, Retirement
    No Comments

    The True Value of Advice I recently came across an interesting white paper prepared by IOOF in December 2015, which looked at the emotional and intangible benefits that having a professional financial adviser adds to people’s daily lives. 521 participants contributed to the research and the results were staggering.   Why do people seek financial

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