Understanding Redraw Facilities: How They Compare to Offset Accounts
Managing your home loan can be tough. So choosing the right features can save you thousands in interest. Helping you pay off your loan faster. But how? Redraw facilities. Offest accounts. These are two popular options offered by lenders. They may serve similar purposes. But they differ in functionality and flexibility. Now, are you working […]
What to Do After Your Home Loan Application in Sydney Gets Rejected
Getting the dreaded “denied” on your home loan. This can feel disheartening. Especially when you’ve already set your eyes on the perfect property. But it’s not yet the end. There are some things you can do to understand the reasons behind this verdict. With this, you can improve your chances for approval. Securing a home […]
How Interest Rate Caps Work: A Solution for Variable Rate Loans
Variable-rate loans. They are popular for their flexibility. But they come with a risk called fluctuating interest rates. After all, it could lead to higher repayments. An interest rate cap can offer a safety net. Making it a compelling mortgage solution for borrowers who want to manage this uncertainty. This guide explores how interest rate […]
How to Switch Lenders Without Hassle: A Step-by-Step Guide for Sydney Homeowners
Switching lenders? It can be a smart financial move. Offering better rates, lower fees, or more flexible loan features. But navigating this process can feel daunting. Even more so without a clear plan. This guide simplifies the refinancing steps involved. Helping you achieve a hassle-free transition for your home loan in Sydney. Why Consider Switching […]
Does It Cost To Refinance Your Mortgage?
Homeowners desire to have access to their equity. They also want to reduce monthly payments or use decreasing interest rates. They reconsider their mortgage regularly. Many individuals wonder, “What is the cost of refinancing a mortgage?”. This post is thorough. It covers the expenses, benefits, and downsides. It also covers things to consider. It helps […]
Key Questions to Ask a Mortgage Broker Before Committing to a Home Loan in Sydney
Getting a home loan? Remember, this is years of commitment. So make sure to get the right one. That is if you really need it. Now this is where mortgage brokers can help. But do you just go with the first option they say? No. You must ask the right questions. Doing so makes you […]
Maximising Tax Benefits on Your Investment Property Loan – Tips from Your Mortgage Broker in Sydney
Purchasing real estate? It’s one of the most effective means of wealth development. The tax advantages of investment properties can also provide a nice kicker to your returns. Understanding what deductions and tax strategies apply to investment property loans will maximise your investment. A professional mortgage broker in Sydney will also optimise your financial plan. […]
Selling Property with a Mortgage? Here’s What Happens and How Mortgage Brokers in Sydney Can Help
How common is selling a house with mortgage in Sydney? It’s actually pretty common. In fact, most Australians sell their houses within 10 years of their mortgage. But they’re not always aware how selling will impact their existing mortgage. Particularly if it’s their first time. You first need to know the steps you will take. […]
Benefits of Making Extra Repayments on Your Home Loan in Sydney
Looking to pay off your home loan in Sydney faster and save on interest? Making extra repayments can be a smart strategy. You’ll reduce the total interest paid as you chip away at your loan’s principal balance. You’ll also get closer to owning your home outright. But understanding how extra repayments work can help you […]
A Guide to Understanding Mortgage Portability: Taking Your Loan to a New Property
Moving residences while keeping your current loan. Is it possible? Yes. It’s called mortgage portability. Learn all about the whats and hows in this blog. Want to understand more about how it works? Get help from a mortgage broker in Sydney. Now, onto the blog. What Is Mortgage Portability? This means taking your current loan […]