ODYSSEY FINANCIAL TIPS & ADVICE

Welcome to the Odyssey Financial Tips & Advice Blog which is packed full of relevant news articles, investment advice and general information on the finance industry and how it may affect you.

Are you too loyal for your own good? The banks think so

The average Australian homeowner is paying more than $37,000 in extra interest over the life of their home loan due to the loyalty tax, and it’s got three-quarters of borrowers feeling “ripped off” and […]

Refinancing figures are on a record-breaking run: here’s why

With interest rates at record low levels, the number of homeowners refinancing skyrocketed to an all-time high in July. Today we’ll run you through why so many people are refinancing, and why you should […]

Are they really OK? Here’s how to check in with them today

Do you know how the people in your world are really doing right now? Chances are you know someone who’s doing it tough, but silently pressing on. As always, we’re here to support you, […]

Nine in 10 FHBs trust brokers to help them buy their first property

Remember that classic TV ad: ‘nine out of 10 dentists recommend using [toothpaste brand]?’ Well, it turns out we’ve earned a similar level of trust when it comes to helping first home buyers sink […]

How to ease financial pressure through debt consolidation

With many people around the country doing it tough right now, this week we’ll look at a way you can take some pressure off your monthly finances through debt consolidation. Here’s a quick experiment. […]

SME Recovery Loan Scheme revamped to help more businesses

More small and medium-sized businesses struggling to stay afloat due to the economic impacts of COVID will have access to cheaper funding after the federal government expanded the eligibility criteria for the SME Recovery […]

COVID hardship and grant options that could help you

With the pandemic once again tightening its grip around many parts of Australia, today we’ll run you through hardship and grant options that could be available to you or your business. Setting all politics […]

New super laws: a timely reminder to check your life insurance policy

What measures do you have in place to help protect your family home or business? If life insurance through your superannuation account is one of them, then it’s a good time to give it […]

House price growth hits 17-year high, but is it slowing down?

You’d have to go all the way back to the 2004 Athens Olympics to find a time when house price growth was faster than it has recently been. But latest data suggests the golden […]

Buy Now Pay Later users put on notice by credit agency

Do you use a Buy Now Pay Later (BNPL) service like Afterpay or Zip? If so, be warned that one leading credit reporting agency has made a big change that means your BNPL data […]

Let’s go shopping: Is now the time to refinance?

Let’s go shopping: Is now the time to refinance? Australia’s cash rate is at its lowest level in history. Does that mean the time is right to make the most of the low cash […]

Getting It Together: What to know before you consolidate

Getting It Together: What to know before you consolidate Managing multiple loans can be difficult – and stressful. One way to simplify your financial situation and save yourself time, effort and (hopefully) money is […]

Concerned About Servicing Your Loans

Concerned about Servicing your Loans?
 If you are concerned about servicing your loan, reach out to your local mortgage broker for help. As Australians everywhere take a close look at their financial circumstances, mortgage […]

To Rent or to Buy

To Rent or to Buy It’s a dilemma that may seem hard to resolve. To help you make your decision, we weigh up some of the pros and cons of renting a home, buying […]

Five Things You Need To Know Before Becoming A Rentvestor

Five Things You Need To Know Before Becoming A Rentvestor Rentvesting – renting a property to live in while owning one or more investment properties – is becoming an increasingly popular way for Australians […]

Four Questions Every Property Buyer Should Ask Their Real Estate Agent

Four Questions Every Property Buyer Should Ask Their Real Estate Agent If you are buying a new home or investment, chances are you will be attending a lot of open houses and meeting a […]

The Parent Trap: Should You Loan to Your Kids to Help Them Buy?

The Parent Trap: Should You Loan to Your Kids to Help Them Buy? The average age of first home buyers keeps increasing, with more young people turning to their parents for financial help. But […]

Ten Questions to Ask a Mortgage Broker

Ten Questions to Ask a Mortgage Broker Using a mortgage broker to help you choose a home loan can save you considerable time and could result in huge savings. However, before you decide on […]

Refinancing Could Save You Thousands – and Give You Greater Flexibility

Refinancing Could Save You Thousands – and Give You Greater Flexibility What Is Refinancing? Refinancing is the process of replacing an existing loan with a new one. When it comes to home loans, it […]

The Small Owner’s Definitive Guide To Equipment Finance

The Small Owner’s Definitive Guide To Equipment Finance Small businesses can always benefit from an upgrade to existing equipment or from purchasing the very latest technology or machinery. However, the reality is that many […]

Did you know… about non-bank lenders?

Did you know… about non-bank lenders? Deciding where to go for your home loan is one of the most important decisions you’ll make. While many prospective property owners will choose to use a mainstream […]

5 Reasons to consider a white label loan

5 Reasons to consider a white label loan A white-label loan is essentially a home-branded loan, much like the home-branded products you see in the supermarket aisles. Like these products, white-label loans aim to […]

What you can borrow or what you should borrow?

What you can borrow or what you should borrow? The amount you can borrow and the amount you should borrow are sometimes two very different things. Before you apply for a home loan, it […]

Fixed, variable, split – find the right fit for you

Fixed, variable, split – find the right fit for you In Australia, there are a number of ways to structure your home loan repayments. Finding the best option may save you time and money […]

How redraw works and why it’s a handy loan feature

How redraw works and why it’s a handy loan feature It’s one of the less glamorous home loan features, but the redraw facility deserves a second look. Here’s why: The redraw facility explained A […]

Seven things to look for when choosing your Mortgage Broker

Seven things to look for when choosing your Mortgage Broker When it comes to one of the biggest financial decisions you’ll ever make, it pays to have some professional help. But how do you […]

Mortgages and Breakups: Some practical tips when separating

Mortgages and Breakups: Some practical tips when separating Breaking up is hard to do. On top of the emotional impact, there are practical ramifications as well. When there’s a separation or divorce, debts you’ve […]

How to get the most out of Refinancing

How to get the most out of Refinancing Everyone wants to pay less on their mortgage, and refinancing is one strategy to help lower your interest rates – but is it worth it? We […]

Say goodbye debt (and hello home loan) in seven straightforward steps

Say goodbye debt (and hello home loan) in seven straightforward steps It’s all too easy to rack up debt – credit cards, HECS, car loans – and may seem all too hard to pay […]

How to instil financial smarts in your kids

How to instil financial smarts in your kids Worried about your kids not mastering the skills to manage their finances as adults? These tips for parents will help children develop good financial sense from […]

When the auction is passed in – to you! What happens next?

When the auction is passed in – to you! What happens next? The hammer falls, the auction has ended, the bidding’s all done… and the property is passed in to you, the highest bidder. […]

Understanding which home loan features are right for you

Understanding which home loan features are right for you Loans are by no means ‘one size fits all.’ Different loan types suit different age groups, different living situations and even different attitudes to money. […]

Buying property with other people: Mine, yours or ours?

Buying property with other people: Mine, yours or ours? When people buy property together, particularly if it’s with a partner or spouse, they often register the title in both people’s names – especially if […]