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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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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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    7Wealth Credit Guide

    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.

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