Before applying for an auto loan, there are several things that you should keep in mind:Your credit score. Your score/history can determine whether you qualify for a loan and what interest rate you will pay. If you're not sure about your score/history (and even if you think you are), you should probably check to make sure that there are no mistakes. You can get a free credit report here. If you hav...

Financing a new car purchase requires some research. Before venturing out to the car dealerships uninformed, let's take a look at what you will need to know about the car buying process.First of all, about 70% of all new car purchases are financed. So unless you plan on paying cash for your new car, or you are going to apply for a car loan, chances are you will be financing your purchase.You should...

21. Make your surplus cash work harderUse cash savings to help pay off your loan quicker. Remember the old saying 'a dollar saved is a dollar earned'? If you have a home loan at 7 per cent, every extra dollar you pay off the principal is another dollar you are not paying 7 per cent on each year. If you instead put that extra dollar into a savings account you are only going to earn 2 or 3, perhaps 5...

11. Consider a portable loan A portable home loan allows you to sell one property and move to a new one without having to refinance, ie. pay out the old loan and take out a new one. This saves application and legal fees. Most lenders will insist that the loan amount required for the new property is no greater than the existing amount borrowed.12. Do you need a redraw facility?A redraw facility allo...

1. Add up those home loan feesOnce you've saved up the deposit for a home, don't forget to take into account all the extra fees that come with buying a house - some or all of these: stamp duty, legal costs, disbursements, mortgage insurance, pest inspection report, survey report, builder's report, strata inspection report, loan application fee, valuation fee, registration fee, sundry fees like refi...