by MMWmel | May 7, 2019 | Blogs
There are a range of home loans available in Australia, so it can be hard to understand their features and whether they are right for you. This guide explains all you need to know. Variable loans Variable loans are loans that are subject to interest rate fluctuations....
by MMWmel | May 7, 2019 | Blogs
Do you know the date your fixed rate term comes to an end? Once it finishes, the bank will generally switch you over to a standard variable rate (SVR) which is much higher than the special variable rate they will offer to new customers and your fixed rate – unless you...
by MMWmel | May 7, 2019 | Blogs
If your home loan is no longer meeting your financial needs or your bank arrangements have changed, you might consider refinancing to another lender. Refinancing could save you money over the long term. A Mortgage Broker will shop around and find a loan that will meet...
by MMWmel | May 7, 2019 | Blogs
Genuine Savings for a Home Loan Deposit Saving for your first home can be a hard job. It takes commitment, time and dedication to get that deposit together. So, what do banks look for? Generally, financial institutions require borrowers to be able to...
by MMWmel | May 7, 2019 | Blogs
The amount you can borrow and the amount you should borrow are sometimes two very different things. Before you apply for a home loan, it makes sense to realistically assess your financial situation. Here’s how to do it. Understand your borrowing capacity Generally...
