As a report released by Choice has indicated, using a broker to find a home loan may not be all it is cracked up to be.

One of the issues Choice raises in their article is the false perception that brokers can offer the absolute best loan to each client based on the borrower’s individual circumstances.

But the reality is that not all lenders have agreements in place to issue loans through all brokers. Should the best loan for you be offered…

Have you ever wondered what inflation is and how it affects you?

Do you wonder why goods and services seem to be getting more expensive, and why prices increase over time?

If so, read on.

What is inflation?

Put simple, inflation is the rate of increase in prices for goods and services. The reverse, a decrease in prices, is called deflation.

Inflation is usually expressed as a percentage rate – example 3% – and represents the average increase of prices…

With the world getting smaller and more people travelling and living overseas, it is becoming common for people to send money out of the country.

There are two common ways to transfer money overseas:

1. Telegraphic Transfer
2. Draft

Telegraphic Transfers

A Telegraphic Transfer is a way to transfer money easily and quickly to someone overseas.

The money usually arrives in the beneficiary’s bank account within 1-2 business days, and will arrive in their currency – which you select when setting up the transfer. And with 130 currencies available you are…

Have you ever wondered what happens to your money once you transfer it?

I am sure you have used internet, phone or mobile banking to make a transfer to another financial institution. But have you ever wondered what happens to the money you send, and why it takes a day to get to the other person?

Have you ever wondered this? Let us know in the comments below.

On the surface it may seem like it should takes seconds – you transfer the money from your account and hey presto! it should be there in the other person’s account. And this is exactly what does happen when you send money…