When it comes to securing a mortgage, understanding how interest rates are determined can feel overwhelming. Yet, your loan’s interest rate directly impacts how much you pay over the life of the loan, making it crucial to understand the factors that influence it. So, here’s a quick overview of these factors so you can make [...]
When it’s time to choose a mortgage, understanding the differences between fixed and variable rates can help you save a lot of money over the course of your loan. Let’s explore the differences between these two options, so you make the best decision for your situation. Fixed Rate Loans: Stability and Predictability Fixed rate mortgages [...]
Navigating the home loan landscape can be daunting, especially for first-time buyers. The sheer number of options and complexities can overwhelm even the most prepared buyers. That’s where mortgage brokers come into the picture because we make it much easier to obtain a home loan that’s perfect for your needs. Here’s a quick look at [...]
COMPANY DIRECTORS URGENT REMINDER Back in November of last year we advised you of the new requirement for Directors to register for a Director Identification Number. How Director ID Works A director ID is a 15-digit identifier given to a director (or someone who intends to become a director) who has verified their identity. Directors [...]
It’s one of the less glamorous home loan features, but the redraw facility deserves a second look. Here’s why: The redraw facility explained A redraw facility lets you make additional repayments to reduce your variable rate home loan balance and save on interest. If you pay more than your minimum scheduled repayments, then you’ll have [...]
