Save with Chorus’ Post

💪 Has your borrowing power just received a boost? 💪⁣ ⁣ Stage 3 tax cuts kicked in on 1 July. 🙌⁣ ⁣ That doesn't just mean you might be paying less tax - it also means you might now be able to borrow more for a home loan. 😮⁣ ⁣ For a single person on an income of $100,000, the Stage 3 tax cuts could add an extra $21,000 to their borrowing power, according to a RateCity analysis.⁣ ⁣ A couple with a combined annual income of $150,000 could see their borrowing capacity jump by almost $30,000. 🤜 🤛⁣ ⁣ It’s an uptick that can see you buy a home sooner, or afford a better place in a better suburb. 🏡⁣ ⁣ To find out if you've received a boost to your borrowing capacity, give us a call today. 👇⁣ ⁣ To find out more, contact Stax Home Loans on: ☎ – 0401 032 868 💻 – ollie@staxhomeloans.com.au Cheers OIlie! 😄 #StaxHomeLoans #SunshineCoastHomeLoans #SunshineCoastFinance #PeregianHomeLoans #CoolumHomeLoans #CoolumFinance #NoosaHomeLoansNoosaFinance #Peregian #Coolum #Noosa

Here’s why your borrowing power might soon get a lift - Read the full article on our website below.

Here’s why your borrowing power might soon get a lift - Read the full article on our website below.

FIVE LESSONS I LEARNT AFTER BUYING MY FIRST HOME: 1️⃣ Budgets are important 💳 Not only while saving up for a home, but also after settlement to ensure you can keep up with your repayments. 2️⃣ There are additional costs to think about💭 Thing government charges, stamp duty and conveyancer fees. It's not all about the deposit! 3️⃣ Consider your lifestyle 🛍️ The bank ensures you service for your loan, but you need to consider your own lifestyle and future financial goals before splurging on a property. 4️⃣ House maintenance is $$ 🧑🔧 5️⃣ The first Tuesday of each month is suddenly important 📅 This is when the RBA makes a decision about the future of your rates, so trust me - You wanna listen up!

FOIR is Fixed Obligations to Income Ratio (or in simple terms Debt to Income Ratio) It can be one of many other reasons for rejecting your Loan Ideal FOIR is considered as 40% or below. You can calculate it yourself before visiting banks for loan. It's very simple take all your obligations i.e., your rent, expenses, other EMI's and add all your income. Simply convert the figures into monthly and Divide your Obligations with Income and multiply the outcome with 100. That will be your % FOIR.

Get money smart! Try these 6 tricks to lower your debts 1. Claim fewer deductions on you taxes 2. Make more money 3. Eliminate monthly debt payments 4. Choose longet-term loans 5. Refinance or use a heloc to turn high-interest debt into low-interest dent 6. Make sure your investment properties are rented and close to market rates Let's beat debt! 💸

DN: Big Lots Increases Borrowing Capacity to Improve Results - see more at

Tips to refinance and repay your tax By using the equity in your home you can set the loan term up to 30 years (you can still paying it off faster of course!) and likely with a far more favourable interest rate. It gives you the power to pay off the debt at your own pace rather than over a year or two. You can make the minimum repayments now, once the business is back on track you can up your repayments and pay it off faster. Read the full report on refinancing tax debts https://lnkd.in/gxfWwixR #tax #refinance #debtfree

A Comprehensive Guide to Optimising Housing Loan Tax Benefits The amount of home loan tax exemption that a borrower may claim for payments made towards the principal portion of their house loan is specified in Section 80C of the Income Tax Act. A maximum of Rs. 1.5 lakh is allowed under this category. In contrast, Sections 24(b), 80EE, and 80 EEA discuss the advantages of home loans with regard to the interest component of the loan. Know more : https://lnkd.in/gPzuCs9Z

Before celebrating your debt cancellation, don’t forget to review your the tax bill! Credit card forgiveness, home foreclosures, or even student loan relief could have tax implications. Learn how to handle your unique debt situation and avoid costly surprises. Click the link below to learn more! #finance #taxes #taxplanning #womenownedbusiness #pittsburgh