Mortgage
10 Useful Questions And Answers For First Home Buyers!
Purchasing property for the first time can all be very confusing! First home buyers usually have a lot of questions so let’s look at a few basic questions and answers regarding property, first home buyers, lenders, deposit and all that tricky stuff!
My Easy Mortgage Broking Process - How ‘We’ Can Achieve Your Mortgage Goals!!
Some of you have purchased real estate before and will be familiar with the mortgage process and the part the morgage broker plays! While others are entering their first home purchase and the mortgage process will seem a little overwhelming!! The mortgage broker plays an important role as middle man between the client (you) and the lender. Each client could go directly to the lender, however the mortgage broker represents many lenders and is authorised to sell loan products on their behalf. This saves the client a whole lot of time and takes much of the work out of the process for the client, thus making the client’s goal whether it be a purchase or a refinance a whole lot easier!!…
Essential Mortgage Tips For First Home Buyers!!
The First Home Owner market is huge and Banks are more than willing to accommodate all types of First Home Buyers! And guess what? You don’t even need a deposit these days to get into the real estate market! This post covers important basic mortgage terminology that you will learn about while purchasing your first home and the criteria that Banks look at when assessing an application for a first home buyer with limited deposit and/or limited employment history. Nowadays you don’t need to save for 5 or 10 years just for a deposit to gain entry into the property market!! Do your research, find out how much you can borrow, and take the first step into property ownership!!….
Variable or Fixed - Should You Fix Your Loan When Interest Rates Rise?
Interest Rates are the highest they’ve been in years and we’ve had several rate rises in the last 8 months!! You can watch the news, read the papers, or see your financial advisor but the reality is that nobody really knows what is going to happen in the short term. Whatever you hear is just somebody else’s opinion!! So when will it end and is it the right time to consider fixing your loan??…
Debt Consolidation…Consider All The Options Before Increasing Your Home Loan!!
With Interest Rates increasing and with no clear stability on the horizon, a lot of people are looking at ways they can tidy up their debts, and consolidating them into their home loan is a very popular way of doing this, but beware as this can lead to greater debt and if refinanced into the wrong loan product can often end up costing you more!…
Loans with ‘Perks’ are NOT Always the Healthy Choice!
Ever heard the saying, “if it sounds too good to be true it usually is” and “there’s no such thing as a free lunch”? Well that’s the point of this post, yes there are some good loan products out there that offer extra incentives but you must be cautious and do your research when it comes to these types of home loans…
Standard Loan Fees in the Mortgage Process
There are a lot of fees involved in the Mortgage Process! Remember, the banks are out to make a profit and will milk you for money as much as they can over the life of a loan! How else do they make their billions of dollars ever year?!! Here is a short list of most of the fees you will encounter when establishing a mortgage…..
Most Common Home Loan Products in Australia
Ok so this post isn’t going to be too entertaining but it’s important to get the basics listed so they can be referenced at any time. Let’s start with a brief description of the generic Mortgage Products that all the institutions offer….
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