Best Rate Of The Day

Best Rate Of The Day

You can pick up a great deal on a mortgage over at Money Back Mortgages. They will help you find a mortgage just like any other broker or lender however they pay you, when the loan settles. Money Back Mortgages does not use brokers who go into your home and expect to be paid commission which is why they can pay you the amount that would normally go to a broker. These days everything can be done on the phone, via email and fax and even skype if needed. If you already know which lender you want to use and you already have an idea of what kind of lending product you want why not pick up the phone or send an email to Money Back Mortgages, get the same loan you would have received anyway and put some money in your pocket. As an example of how much money you would receive (this is just an example and would vary depending on which lender was chosen) a mortgage of $400,000 would see you receiving $1000 once your loan settled. This is the amount of money a broker would normally get paid in commission. Check them out at Money Back...
Home Loan Tips

Home Loan Tips

Home loan tips 1. Add up those home loan fees 2. Additional repayments 3. Ask about ‘professional package’ discounts 4. Be careful of ‘honeymoon’ intro rates 5. Beware fixed rates 6. Can’t get a standard loan? There are alternatives 7. Caution the key in current housing market 8. Check if there are ongoing fees 9. Check your statements for errors 10. Compare loan features, not just rates 11. Consider a portable loan 12. Do you need a redraw facility? 13. Do your homework 14. Don’t fall foul of the taxman 15. Don’t rely solely on comparison rates 16.Ensure your mortgage broker really delivers 17. Keep accurate records 18. Look beyond the banks 19. Look for flexibility 20. Make the most of rate falls 21. Make your surplus cash work harder 22. Pay your loan off quicker with fortnightly or weekly repayments 23. Quit smoking 24. Save interest with offset accounts 25. Save with a line-of-credit loan 26. Use your home equity to borrow 27. Win rate discounts for bulk business 1. Add up those home loan fees Once you’ve saved up the deposit for a home, don’t forget to take into account all the extra fees that come with buying a house – some or all of these: stamp duty, legal costs, disbursements, mortgage insurance, pest inspection report, survey report, builder’s report, strata inspection report, loan application fee, valuation fee, registration fee, sundry fees like refinancing or switching fees. 2. Additional repayments Making additional repayments beyond what’s required in your minimum monthly repayment is one of the best ways to reduce the total interest paid and term of your...