by Self-Funded Freedom | Mar 20, 2020 | Finance
Debt Service Ratio, or DSR, is a calculation used by the bank to check whether you can repay the loan. Your DSR is usually compared against the bank’s maximum allowable DSR limit. If your DSR is within the limit, you stand a higher chance to receive the loan....
by Self-Funded Freedom | Mar 19, 2020 | Uncategorized
LMI is an insurance that lenders take out in order to be able to lend to borrowers who have have a smaller deposit than 20% of the value of the purchase price of a property.Its purpose is to protect the lender in the event that the borrower defaults on the...
by Self-Funded Freedom | Mar 19, 2020 | Uncategorized
Offset account: Think of it like this; Interest saved is better than interest earned. Let me explain An offset account is effectively like having a normal transaction savings account except it doesn’t earn any interest. This differs to a regular interest earning...
by Self-Funded Freedom | Mar 13, 2020 | Finance
Investment Property and Understanding Finance terms With Self-Funded Freedom’s team of qualified professionals guiding you we take care of everything and understand the language of investing from A-Z. For many new investors the language used by the professionals...
by Self-Funded Freedom | Mar 11, 2020 | SMSF
Self Managed Super Funds in Australia Did you know that there are now more than 600,000 Self-Managed Superannuation Funds (SMSF) in Australia? SMSFs have soared in popularity over the past decade, especially because funds can purchase certain types of property to help...
