How Do I Know if I’m Paying Too Much Interest?
Apart from your loan amount, a huge bulk of your mortgage repayments goes towards paying off the interest your loan has accrued. Your home loan repayments go towards two amounts, the amount you are repaying back to the bank and the interest where the bank makes money from. No one likes paying interest and it’s the […]
When is the Right Time to See a Mortgage Broker?
If you’re shopping for a home loan, it’s important that you seek the assistance of a mortgage broker before you start anything. The reason is that they’ll provide you with a number of advantages you otherwise won’t enjoy if you did things on your own. These include: 1. Matching loans based on your needs and circumstances. […]
Bank Vs Finance Broker – What Difference will this Have on My Home Loan?
When you take out a home loan, you have the option to deal directly with the bank or deal with a mortgage broker who will connect you with the bank. The end game is the same, you will end up with a home loan, however their processes to achieving this and how right that home loan […]
Which One Should You Buy First: Your First Home or an Investment Property?
It’s a common dilemma for property buyers to choose between buying their first home and an investment property. Having your own home puts a roof over your head, but limits your potential for growing your wealth since most of it will go to your mortgage payments. Buying an investment property meanwhile helps increase your wealth, […]
Banks Offer Brokers Better Deals
Lenders are currently offering mortgage brokers exceptional deals to encourage home buyers to apply for their loans or switch lenders as competition grows between lenders. The recent changes to investment loans means the focus has been put on owner-occupier loans from lenders who are looking to regain the market. The spread between the highest and […]