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Ask an Adviser: Jacob McCudden "Should I be paying off my HECs faster?"

Equity Mates Investing Podcast

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How to Steer a Client Looking to Buy Their First House

Jacob Bryce and his wife Harriet are looking at buying their first house. What they get wrong is that what we're going to pay for the house is driven by what the bank's going to lend us, he says. The more we borrow, the more those repayments will be - which means less resources for other things like super or investment portfolio. A financial planner can assist you with a holistic view of your goals and objectives before taking on any kind of debt. And if it's two or three grand to get it done, it should be seen as an investment rather than just potentially planning for the next six months.

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