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Debt Management

Mortgage Repayment Support

Australia's big banks are trying to do their bit to take the financial pressure off Aussies during this trying times. Depending on who you bank with, your lender may have offered to potentially 'pause' your mortgage repayments for the time being if you're facing financial difficulty due to the Coronavirus. ...
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Heard of interest only loans?

They do serve a purpose but only in certain situations. An interest-only loan is one that during the interest-only period (typically 5-10 years), your repayments only cover the interest owed to the bank, without paying any of the principal off the loan. While this will result in lower repayments compared ...
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Bank Secrets to Destroy Your Mortgage

We share the secrets bank and lenders don’t tell you to pay off your mortgage quicker and become debt free.  See if you already do these four tips to save interest on your mortgage: 1. Repayment Frequency Do you pay your mortgage repayments monthly? If so, did you know you ...
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Let’s talk about LMI

We all want to save as much as possible before buying our dream house – the more you save, the less you pay interest on! But sometimes you find the house you know you want while still on your saving journey. So what happens if you don’t have that 20% ...
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Fixed Vs Variable Interest Rate – Fight!

So, about your home loan interest rate. When to fix your interest rate is a question we always get asked by clients, so let’s share our professional response! Firstly, let’s outline what a fixed or variable rate is, and the key factors you’ll need to consider. A fixed rate? This ...
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What’s the difference between borrowing capacity and affordability?

So you want to buy your first home? Maybe your second or even an investment property? Well here is a tip from a friend for free: Just because the bank says you can borrow a certain amount doesn't mean you should! When it comes to borrowing money, many people confuse ...
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    Information contained on this website is of a general nature only. It does not constitute financial or taxation advice. The information does not take into account your objectives, needs and circumstances. We recommend that you obtain investment and taxation advice specific to your investment objectives, financial situation and particular needs before making any investment decision or acting on any of the information contained in this document. Subject to law, Cobalt Advisers Pty Ltd nor their directors, employees or authorised representatives, do not give any representation or warranty as to the reliability, accuracy or completeness of the information; or accepts any responsibility for any person acting, or refraining from acting, on the basis of the information contained in this document.

    7Wealth Pty Ltd ABN 44609210246 is a Corporate Authorised Representatives and is authorised through Cobalt Advisers Pty Ltd ABN 64 628 654 099 who is an Australian Financial Services Licensee 512550. 7Wealth Pty Ltd is a Credit Representative of Australian Finance Group Ltd ABN 11 066 385 822 (AFG) Australian Credit Licence 389087.