A guarantor is a co-signer on a loan that “guarantees” that the payments will be met. A guarantor is often used for mortgages, especially for first time home buyers. By using a co-signer, individuals have the opportunity to enter the home-owner market more easily and quickly, and it can reduce costs significantly. Below, we run...
Taking out a mortgage is generally a major life event, especially if it’s your first mortgage. When done correctly, a mortgage can bring huge financial gains, and be a great investment. However, before you sign on the dotted line, there are a few rules of thumb that you should consider to ensure that you’re...
If there’s one thing most people can agree on, it’s that paying rent is a drag. Rent takes a substantial chunk out of every paycheque (or your savings account), and essentially leaves you with nothing except for a roof over your head until the week, or month, is up. The hassle of paying rent can...
Whether you’re taking out a loan for a big purchase or applying for a mortgage, weighing up who has the best offer can be tough. And, once you’re locked in with a bank, it often seems like a hassle to switch. But while the financial institution you’ve gone with might have hooked you in with...
Creating a financial plan might feel like a pretty intimidating thing to do. What is it, how do you start one, what does it need to include and what goals can it help you reach? Well, financial plans can give you a brilliant foundation to start saving smartly toward any goal you’re looking to reach....
