Borrowing 'should be seen as a tool not a burden'

Wednesday 06 April 2011

Article by Mozo

The ability to borrow money, for example by getting home loans, should be seen as a tool by Australians.

The ability to borrow cash 'should be viewed as a tool'

This is the opinion of the executive chairman of wealth management firm Yellow Brick Road Mark Bouris, who told News.com.au that this option should not be viewed as a burden.

He noted that some people are "debt maniacs and others shy away from it", but observed that it is "a fact of life in our modern economy".

"We need to work smart and treat it as a tool rather than a burden," he added.

However, Mr Bouris asserted that the only way for Aussies to get results from borrowing is to ensure that they understand it and know how to utilise it in the most effective way.

One way to get the best rates on their mortgage is to go online to compare home loans.

This comes after the author of Smarter Property Investment Peter Cerexhe noted that fixed-rate loans can provide security for those looking for finance to purchase a property.

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