Jodie Humphries

What does it take to subdivide land?

A subdivision is when a block of land is divided into two or more properties. As an investor, you could potentially generate profits by dividing land into smaller lots. If you own a large piece of land in a good location, you may consider creating smaller lots for sale. You might want to keep one lot for your own home and sell or rent out the others. 

What is the difference between your credit score, credit report and credit file?

Your credit score is an indicator of your creditworthiness. It is based on the information that goes on your credit report, which, in turn, is an organised view of the information contained in your credit file maintained by various credit bureaus.

What is a bad credit score and how does it affect you?

A bad credit score can make it challenging for you to be approved as a borrower, but you can work towards getting a better score.

What you should know before buying a property below market value

You may get lucky when buying a house and be able to make a favourable purchase, buying the property below market value. But how do lenders look at such deals? 

Understanding family guarantee home loans

A family deposit mortgage allows your parents or close relatives to act as your guarantor to secure a home loan. The family guarantee home loan can work both ways, meaning your parents can become your guarantor, or you can become a guarantor for your parents.

What rights and responsibilities does a mortgage guarantor have?

Before you agree to become a guarantor on a home loan, be sure to check the loan terms and the borrower’s financial circumstances to avoid potential pitfalls.

What is the difference between a home equity loan and a personal loan?

Which is the better choice between a home equity loan and a personal loan in the case of a financial emergency? Let us help you decide.

What are the different types of interest?

Depending on the financial product, you could be paid or charged either simple interest or compound interest. Ask your bank about how interest is calculated on your accounts.

How to use & redeem Velocity Frequent Flyer points | RateCity

A brief overview of how you can redeem your Virgin Velocity Frequent Flyer points for flights, travel, wine or retail. Plus, there's no joining fee for becoming a member of the Velocity Frequent Flyer program. 

If crypto is digital, how are cryptocurrencies “mined”?

Cryptocurrencies (often shortened to crypto) are, simply put, digital money. They are generated or “mined” through blockchain technology. It is not the same as mining ore but involves powerful computers trying to solve complicated problems.