Borrowing & Credit

This channel looks at borrowing and credit.  There are pitfalls of borrowing and how getting into debt is a lot easier than getting out of it. Your borrowing decision is not solely about what, why, and how much, timing can be as crucial a factor as well.

Mortgage
Watch Video for Free Now! 02:27
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Thinking about a mortgage?

By Wealth Know How in Borrowing & Credit

It seems that nearly every Australian is looking to buy a property and the first priority is to get your finances in order. It’s a big commitment and it’s critical you work through a range of factors in order to arrive at the best and affordable decision for you. There are many financial institutions offering mortgages and it always pays to shop and compare.

Watch Video for Free Now! 03:10
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Choosing the right mortgage

By Wealth Know How in Borrowing & Credit

With literally hundreds of options when choosing a home loan how do you work through to the right offer for you? There are rewards to be had in doing your homework but it’s important you understand the basics and know what to look for in advance of making a commitment. James offers great guidance on the benefits and pitfalls in making a choice.

Watch Video for Free Now! 02:20
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How a mortgage works

By Wealth Know How in Borrowing & Credit

A mortgage is a long-term loan designed to help the borrower buy a house. Most home mortgages are principal and interest loans, or P&I loans. The principal is a technical term for the amount you borrow initially; and from then on, it’s the outstanding amount owing on the loan. Your mortgage payment amount is a combination of regular payments to pay down the principal, as well as the interest. The interest is calculated on the outstanding principal.

Borrowing
Watch Video for Free Now! 02:34
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Borrowing basics

By Wealth Know How in Borrowing & Credit

Our presenter, Donna Sawyer, looks at the advantages and pitfalls of borrowing and how getting into debt is a lot easier than getting out of it. Your borrowing decision is not solely about what, why, and how much, timing can be as crucial a factor as well and as always don’t forget to read the fine print.

Watch Video for Free Now! 02:21
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Getting the best deal when you borrow

By Wealth Know How in Borrowing & Credit

It’s a big decision to borrow which is why it’s so important to shop around before you commit. The most obvious place to start is the interest rate and there many ways to conduct your research but it doesn’t end there, there are all sorts or factors to consider and our video helps point the way to getting the best deal.

Watch Video for Free Now! 02:08
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What are credit contracts?

By Wealth Know How in Borrowing & Credit

Donna Sawyer explains the credit contract and the important detail on just what this legally binding document includes so that you know what to expect when the time comes. It’s always best to ask all your questions and consider seeking professional advice before you sign to make sure you’re making the right decision.

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