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If you have a home loan with HSBC, you may have heard about HSBC's decision to exit Australian retail banking. For existing customers, this naturally raises questions about what happens to their home loan, interest rate, repayments and access to their current banking services.
The good news is that a change in lender doesn't automatically mean your existing loan terms or repayments will change. However, with the servicing of HSBC's retail loan portfolio transitioning to a new lender, it is worth understanding what the change could mean for you. When you first take out a home loan, you probably spend plenty of time comparing lenders, interest rates and loan features.
But once the loan settles, it's easy to put it on autopilot. What the Proposed Changes to Negative Gearing Mean for Property Investors
The Australian property investment landscape is set to change following the Federal Government's announcement of proposed reforms to negative gearing and the Capital Gains Tax (CGT) discount. If you're considering purchasing an investment property, or you're wondering how these changes may affect your future plans, here's what you need to know. Offset vs Redraw: Are You Using Your Loan Features the Right Way?
Many homeowners have powerful features built into their home loan—but aren’t fully using them. Two of the most common are offset accounts and redraw facilities. While they sound similar, they work quite differently. With property prices continuing to shift, many Australians are rethinking the traditional path of buying a home to live in.
One strategy that’s gaining momentum is rentvesting—and it might be worth considering. Many homeowners are aware they’ve built equity in their property, but not everyone realises how much is truly accessible for other financial goals.
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