Virgin is Sir Richard Bransons famous brand which has become a household name around the world and in Australia is well known for it’s Virgin Blue airlines, Virgin Mobile and Virgin Money.

The brand has a great reputation for value for money, quality, innovation, fun and competitively challenging traditional markets with new ways of delivering products and services.

Their latest launch is Virgin Home Loans in Australia which looks to deliver a competitive range of home loan products to the market with a fast application process via customers applying online or via the phone.

Virgin Money also provides a low cost credit card, superannuation services and is looking to venture into general insurance, life insurance and personal loans. They are looking to create a large range of products via a virtual bank where customers conduct all their communications via email, post, phone and fax.
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The costs of home ownership could be cut by 20 per cent under the terms of a radical zero-interest “equity finance loan” to be launched through major lenders from July.

The idea for the loans arose in work carried out for Prime Minister John Howard’s 2003 Home Ownership Task Force. Christopher Joye, who led the taskforce, now works as an executive director with Rismark, which has patents on the equity finance mortgage (EFM).
…Continue Reading: Interest free home loans or buy now pay later » »

Saving a little money on everyday expenses and adding it to your home loan repayments can certainly help in getting that home loan paid of a little faster. Even if you are saving for a deposit it pays to look at your everyday spending and see where there may be an extra dollar or two to put away.

In some cases it may not mean sacrificing your standard of living just spending wisely and managing what you have.

One of the first steps is to have a budget. Start with listing all your monthly income and all your monthly expenses including debt repayments or deposit savings. Also allow for saving some money each month for emergencies ie doctor bills, car repairs and unknown expenses.
…Continue Reading: Saving Money for Your Home Loan » »