It’s easy to learn about how the home loan process works in Australia. Not only that, but learning about it can save you a lot of time, frustration and money.
Step One – The Documents – To initiate the process, you need to provide all of the required documentation and a signed application to your mortgage broker. Make sure to have him or her clearly state precisely what you need to give them in order to avoid confusion or delays. (more…)
Before this author identifies a handful of financial planning errors that best-selling author Dave Ramsey regularly makes, one or two comments should be made. First, Dave Ramsey’s general advice to work hard, make your marriage a priority and avoid debt is excellent. In fact, no one who followed Ramsey’s general philosophy would have gotten into serious trouble with a subprime mortgage in the recent financial crisis. And, a second important comment and commendation for Mr. Ramsey: Perhaps 95% or 99% percent of what Dave says, every knowledgeable financial planning expert will agree with. Dave Ramsey is one of the good guys.
Nevertheless, in a handful of specific areas, one can find some minor yet important faults with the financial planning advice that Ramsey gives–and in particular with the financial calculations Dave shares in, for example, his books. (more…)
