Have you had struggles getting your credit card paid on time? Sorry to tell you, but it’s about to get worse!In the past, banks have encouraged their credit card customers to pay on time by charging them large penalties for late payment. However, the government

What is it?  Lender’s Mortgage Insurance, or LMI, involves a special type of insurance company providing protection to the lender.  If the borrower fails to make the repayments and the lender ends up foreclosing on the loan, if the sale proceeds are not enough to cover

What is it?  It’s the amount of the loan divided by the value of the security property, expressed as a percentage.   So, if you were getting a $750,000 loan to purchase a $1,000,000 home, the Loan to Value Ratio, or LVR, would be 75%Why is

You have heard of the proverbial frog in the kettle. Being cold blooded, it doesn’t realise the temperature is changing as it slowly goes up. He sits there contented until his eyeballs turn white and he is boiled and ready to be served up in