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“If Facebook were a country it’d be the worlds 3rd largest.” – Erik Qualman, Socialnomics. Join us on our new facebook page www.facebook.com/TheHomeLoanCompany where we post market updates, RBA interest rate changes and other information to help you manage your…
Top 10 Mortgage Tips 10) Use a Reputable Mortgage Broker to find the right finance – at The Home Loan Company, our service is free to you and we are one of the most experienced and qualified mortgage brokers in…
Top 10 Mortgage Tips 9) Don’t Sit on Your Mortgage – Review it every year. Even if you think you’re doing OK, there are always new and better options constantly being offered and there’s a lot happening in the lending…
Top 10 Mortgage Tips Deposit Bonds – Act as a substitute for the cash deposit between signing a contract and settlement of a property. At settlement the purchaser is required to pay the full purchase price including the deposit. The…
Top 10 Mortgage Tips 7) Reduce the need for Lenders Mortgage Insurance. This insurance is compulsory where you borrow in excess of 90% of the loan to value ratio of the home. If you can, have enough money to make…
Top 10 Mortgage Tips 6) Do you need Income or Mortgage Protection Insurance? This is an important consideration. How would your mortgage be paid in the event of death or serious injury? Mortgage Protection is just as important as health…
Top 10 Mortgage Tips 5) Home Loan Interest Rate is Not the Most Important Feature. Your mortgage should be tied to your long and short term financial goals. Whilst the home loan interest rate determines your repayments, how your equity…
Top 10 Mortgage Tips 4) Get the Information you need on the Property you want to buy: Find out how much the property is worth, find out which are the best growth suburbs to own or invest in, how much…
Top 10 Mortgage Tips 2) Get your Credit History in Order: Your credit rating will be checked and can affect your borrowing ability. You may find it difficult to secure a loan if you have any unpaid bills or exceeded…
Top 10 Mortgage Tips 1b) Be Prepared: Have your Mortgage Paperwork Ready. The type of documents you will need include up to date payslips, credit cards, 6 months of banks statements, ID and contract of sale.
