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Category >> mortgage
If you are shopping around for a home loan, then you may want to consider using a mortgage broker.
Mortgage Brokers will compare loans and help you find the right home loan product for your circumstances. Mortgage Brokers help families establish home loans to buy their own homes, investors to expand their property portfolios and business people to develop better and often more tax effective
A mortgage broker acts as an intermediary who sources mortgage loans on behalf of individuals or businesses.
Traditionally, banks and other lending institutions have distributed their own products. In the past the major banks have utilised large branch networks to distribute their loan products but for some time now, banks have been closing their local branches, forgetting perhaps the importance
If you are in the market to purchase a home or refinance an existing mortgage then one of your options is to use the services of a mortgage broker. There are many mortgage brokers and mortgage managers in the market who can assist you with this process. The role of the mortgage broker is to assist you in identifying a suitable mortgage that suits your needs. Many mortgage managers also offer a
Having done all the numbers on how much we could borrow to purchase our first home in Australia and being pretty excited about how much we could save in interest if we were disciplined and made extra payments to our home loan, we started seriously looking for our first home. We were first home buyers!
We were confident we could find our first home in a suburb of Sydney that we liked. Before we
Six months ago my husband and I (sounds very royal!) decided we had sufficient funds saved to buy our first home in Sydney, Australia. We had a combined income of around $130,000 and had no immediate plans to start a family. We were unsure of how much we could borrow so we searched the internet and found some very good mortgage calculators that allowed us to input our income and expenses to work
Hundreds of thousands of Australians are bracing for more mortgage pain following the Reserve Bank’s decision to lift official interest rates by another .25% p.a. in February. Commonwealth Bank borrowers will experience the additional pain of a further .05% increase as the bank has alerted the market that it will be increasing its rates on standard loans by .30 as opposed to simply passing on the
The process of shopping around for home loans and comparing the different rates and costs offered by lenders and mortgage managers, has been made easier with the help of web search engines and loan calculators. Borrowers are actively using these search engines and calculators to access loan features and costs. These resourceful tools provide a wealth of knowledge and enable borrowers to make
Refinancing your mortgage can be a very daunting experience. Am I doing the right thing? Will I recoup the costs involved in the refinance? Am I better off with a lower rate or lower fees? Will the financial institution I refinance with be accommodating and provide ongoing support? These are all questions you need to ask when thinking about a refinance.
The most common reason to refinance a home
To refinance or not to refinance – that is the question. In the current upward interest rate cycle it is natural that home loan borrowers may seek relief from the cash flow pressures caused by increased mortgage repayments. Whether or not relief can be obtained by refinancing their loan with a different lender needs to be carefully analysed and evaluated as any benefits gained can be swiftly
Should I finance in the current interest rate environment?
The number of borrowers looking to refinance their home loans has increased over the past six months because of the uncertainty of interest rates in Australia. Currently the Reserve Banks' Official Cash Rate (OCR) is at an 11 year high. Interest rates have increased in Australia for both international and national reasons, and all
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