As with any major financial decision, you need to understand how the renovation fits with your broader life goals. Why do you want to do it?
While authorities such as the Reserve Bank often see them as risky, interest-only loans can be helpful in some circumstances.
China’s mortgage strikes are affecting its economy but won’t cause global contagion.
Banks typically do not want their customers to default on property and have processes in place to help reduce the risk of this happening.
The latest on the UK base rate rise and how it might affect your finances
Canadians need to take steps to better address the financial insecurity of seniors. Otherwise, Canada may encounter a growing tide of desperate seniors in the near future.
Depending on circumstances, it may be time to re-think the bias to paying down housing debt over wealth accumulation in super. At least to do the sums, so you can make an informed choice.
As a former financial counsellor and former consumer credit educator for ASIC, here’s what I think you need to know if you’re considering mortgage deferral, rent relief or bankruptcy.
The use of big data by companies, even when perfectly legal, can harm people.
Combined, APRA and the Reserve Bank are about to give households on $150,000 up to $120,000 more borrowing power.
A new study looks at the pure financial return of UK home ownership over 40 years to find consistently positive results.
Negotiated deals between ASIC and alleged wrongdoers leave us in doubt as to the reach of the law.
Right-wing populists have exploited key weaknesses in liberal democratic society that were exacerbated by the failure of political leaders to respond effectively to the 2008 financial crisis.
The financial institutions fronting the Financial Services Royal Commission are also the ones controlling mortgages, so will an expose of their dealings push property prices down?
Most people agree that children should be taught to manage money — but who decides what they learn, and who is responsible for teaching them?
Single women borrowed heavily in the run-up to the financial crisis, ensuring they suffered the most in its fallout. Will history repeat itself?
Research shows the majority of consumers have low financial knowledge and experience, but they are also prone to behavioural biases that don’t help.
Canada’s National Housing Strategy leaves a large segment of the population that must find a way to afford housing in the private market. More initiatives are needed to help first-time home buyers.
A change in South African law promises to protect defaulting home owners from abuse by unscrupulous operators who snap up people’s homes for a song.
It’s not just individuals who pay for low financial literacy. It also increases financial risks and holds back the economy.