Understanding the intricacies of the home loan application process is crucial for achieving your real estate aspirations. In this comprehensive guide, we'll walk you through the essential steps involved in securing a home loan.
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Are you a homeowner looking to optimise your financial situation and potentially save money on your mortgage? Refinancing could be the key to unlocking new opportunities and achieving your long-term financial goals. In this blog post, we'll explore the ins and outs of refinancing, empowering you to make informed decisions about your home loan.
Are you in the market for a new home and considering taking out a mortgage? Understanding how mortgage repayments are calculated is crucial for making informed decisions about your finances.
Fixed rate terms last for a set period of time that is prearranged between you and your lender. Fixed rate periods last between one and five years.
When your fixed rate term ends, your loan will usually revert automatically to the standard variable interest rate unless you have provided instructions to refix your loan. Wondering why your finance broker is contacting you after you’ve settled on your property? The simple answer is that a finance broker is with you for life.
You’ve scored the home of your dreams with the help of your finance broker and you’ve just popped the bubbly to celebrate. Congratulations! Insurance for something you can’t see or touch, such as your income, may seem strange, but how would you pay your mortgage if you were unable to work?
It’s easy to get carried away with the fun part of buying a property – looking at houses – but delaying the less compelling task of arranging finance will weaken your negotiating position on both the property and the loan.
Another month, another rate cut. Finance can be so tedious. That is until you realise it could mean more money in your pocket. But how? For many, matters of personal finance are so dull and/or difficult, they are immediately filed in the too-hard basket.
When it comes to saving on your mortgage, some of you may not have to look further than your job. If yours is a profession that classifies you as a ‘low risk’ borrower in the eyes of lenders, then you may be entitled to special discounts.
While some view LMI as being exclusively beneficial for lenders, we explore the value for first home buyers.
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