Paying off Debt vs. Saving for Retirement
This is one of those financial questions that always seem to arise at some point in life: should I pay off my debts or should I start saving for retirement? Under very happy circumstances, we should be able to do both; however, unless we’re billionaires, we may have to borrow the money needed for any of the situations above. So how do we choose between the two, under these circumstances? Well, here are some thoughts. Figuring Out the Interest Rates Take a spreadsheet and start writing down the interest rates, going from highest to lowest. You should include everything from […]
Is it Smart to Choose Bad Credit Loans While in Debt?
We’ve all been there – some more than others. We already have debts, and we are not entirely sure whether or not we should add even more to it. It’s like borrowing money from a friend, not giving it back and then asking for some more. What guarantee do you (or they) have that you’ll repay this new debt now if you didn’t repay them previously? Should you add more to the debt by opting for bad credit loans? Getting a Loan When You Have Bad Credit Many lenders do not really want to give money to people who have […]
Obtaining the Best Interest Rate on your Mortgage
Purchasing a home is undeniably a significant commitment, and it can be the biggest financial investment you have made until this point. That’s why opting for the best financing solution is a necessary condition. The key to getting a good deal is pretty much influenced by the interest rate, as well as by other loan terms that should be carefully analysed in advance. So, how do you get the best interest rates for mortgages? The following tips are a decent ground to start with. Compare Interest Rates The variety of the best interest rates for mortgages is divided into fixed, […]
Renting versus Home Ownership
At first, it may appear that house ownership is a dream come true to the majority of Australians. Nonetheless, is that really so? In fact, research informs us that the main things that people expect from their money are options and freedom. These two aspects are big factors influencing home ownership. Truth be told, this assumption has a lot to do with our culture. We tend to relate home ownership to adulthood and safety. But there is a question that follows: is it a good idea to buy a house or should you choose renting? Is It A Good Idea […]