Property

Shop around to save money this Christmas

CONSUMERS are taking advantage of lower interest rates and competitive home loan packages offered by lenders to consolidate their debts, says leading mortgage broker Loan Market.

Loan Market Sunshine Coast broker Lindy Kelly said the brokerage had noted a five per cent rise in transactions involving debt consolidation over the past year.

"We are finding that consumers are getting savvier in this lower interest rate environment and taking advantage of packages offered by lenders to tackle their overall debt situation," Ms Kelly said.

"Consolidating your debts into one manageable loan can be a smart way to not only get your finances in order, potentially at a cheaper rate, but to also reduce the amount of personal finance paperwork you deal with on a monthly basis.

"Many home loan packages will now allow you to pay in your salary direct and generally manipulate your debt to minimise the interest you pay. Before signing up for your mortgage, take a look at your entire financial position and take advantage of any opportunity to consolidate debt and minimise interest."

Ms Kelly said debt consolidation does take a degree of discipline and financial management.

"It can be easy to get into further debt if you don't stay on top of your financial situation," she said. "The biggest mistake can be acquiring more credit cards. Also, by consolidating your debts into one secured home loan, it can take longer to pay off the loan if you don't make extra repayments."

 

For more on property, pick up your copy of Domain free in Saturday's Sunshine Coast Daily.

Domain: find what you are looking for here

Topics:  finance home loans market rates



I was just screaming 'my baby is in the car'

An image of the burnt out car on Springfield Parkway taken on June 10, 2004.

Road tragedy now mum's inspiration

REVEALED: Nine new fire ant nests found in city's east

Biosecurity Queensland officers inspect bait-affected fire ant nests in Yarwun.

Killer ant on march through Ipswich, Biosecurity Queensland moves in

Couple in their 60s rushed to hospital after crash

Two people have been taken to hospital.

A MAN and woman are being transported to hospital after a rollover

Local Partners

I was just screaming 'my baby is in the car'

Anne-Marie Priggins could have never predicted the gut-wrenching circumstances that would unfold.


Your gig guide to a great night out in Ipswich

THAT'S ENTERTAINMENT: Don't miss out on the offerings from the top spots in town.

The latest on the live music scene across the city

Paddinton Bear is coming to Ipswich

IN TOWN: Annette Kitching plays the part of Paddington Bear in The Cute Little Bear From Peru at the Incinerator Theatre.

FAVOURITE children's character set to delight in new show

What to expect at Birds of Tokyo's Ipswich gig

The band will perform at the Racehorse Hotel on Friday.

BAND member Glen Sarangapany talks music, pub grub and doing shoeys

No room for morbid fans

Macabre fans of Soundgarden frontman Chris Cornell are trying to pay tribute to him - by booking the hotel room where he took his life.

Star Wars' 1977 Stormtrooper head banger confesses

A Stormtrooper is responsible for the biggest blunder in a Star Wars movie. Picture: Supplied

Man in most famous blooper in Star Wars history breaks silence

INSIDE LOOK: Ipswich cook faces elimination on MasterChef

Willowbank's Nicole Stevenson is a contestant on MasterChef Australia. Supplied by Channel 10.

What the viewers didn't see when Nicole took on elimination

Lyn's knock-out show gets her to next round on The Voice

ONWARDS AND UPWARDS: Lyn Bowtell is through to the battle rounds on The Voice.

'It was bitter sweet to win like that'

Is this the talent you get when you limit electronics?

Cassidy Kilburn in the Get the Beat International Dance Competition.

Cassidy, 11, preparing for national dance championships

Your gig guide to a great night out in Ipswich

THAT'S ENTERTAINMENT: Don't miss out on the offerings from the top spots in town.

The latest on the live music scene across the city

Report reveals progress on $319m airport upgrade

Aerials of the Sunshine Coast.Jetstar plane in front of the Susnhine Coast terminal, Sunshine Coast Airport.

Over two dozen government approvals needed for airport expansion

Lost dough leaves sour taste after company collapse

Kathleen and John Mahoney from Sugar and Spice Bakery were stung after the collapse of Cantro Pty Ltd and are still owed money.

Supermarket operator collapse leaves sour taste for bakery

'Ridiculous': Council refuses renovation at heritage home

NOT FAIR: Karen Solomon of Newtown is angry with Ipswich City Council for refusing her plans to build a colonial style double car port at her Newtown home.

Council rejected development application

Council refusal of 'high density' development ends in court

Ipswich City Council first meeting with the new 2016 council.

Developer took the matter to the Queensland Planning Court

Open for inspection homes May 25-31

Check out this weekend's homes open for inspection

Ready to SELL your property?

Post Your Ad Here!