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Mortgage points are also known as discount points. They are fees a homebuyer pays directly to the lender getting reduced interest rate in return. This is also called “buying down the rate.” Basically, the borrower pays some interest in advance with an exchange of a lower interest rate over the length of your loan. Each...

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A good credit score gives chances for premium credit cards, good loan products and more advantageous interest rates. But if you have a bad credit score, you’ll get eliminated on these deals and pay a lot higher in interest on credit cards, loans and mortgages. A bad credit score can make life complicated for a...

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It’s true that there is a lot to check when looking for the best home loan rate. The number one priority should be avoiding mortgage stress. The consequence of getting a mortgage is serious. While incurring a lot of financial penalties, there is the possibility of losing the house you’ve been paying for and not...

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What is Home Equity? It is the difference between the total amount you owe on a mortgage and what the home’s value is. It’s actually what you can say you own in a home. The sum of equity in a house can increase as time goes by while you make payments and the property’s value...

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Are you ready to buy your first home in Sydney but uncertain how to make it more affordable? The First Home Buyer Scheme in Sydney offers needed financial assistance to eligible buyers like grants, tax exemptions and reductions, and a First Home Guarantee. The NSW government has several first home buyers schemes and each of...

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This is why, with the ever-growing Sydney real estate market, householders have increasingly needed to contemplate refinancing their home loans. Therefore, according to the fluctuating interest rates and a vibrant property sector, refinancing can be used as a method of cutting down monthly payments, shortening loan terms or enabling homeowners to have access to equity...

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A variable interest rate loan is a loan which the interest rate being charged on the outstanding balance depends as market interest rates change. The interest being charged on a variable interest rate loan is connected to a very important factor which is the federal funds rate. Your payments will vary as a result. Pros...

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Securing the best fixed home loan rates in Sydney requires diligent research and comparison. Whether you’re a first-time buyer or looking to refinance, understanding your options can save you thousands. This step-by-step guide outlines the essential methods to find competitive fixed home loan rates, ensuring you make an informed decision. Research online Consult Mortgage Brokers...

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Self Managed Super Funds have become more popular for Australians who look for more control over their retirement assets. It is a personal super fund that you manage on your own. SMSFs are not the same as to industry and retail super funds. That’s why the SMSF calculator is very important in these cases. Here...