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Comparing Mortgage Broker to Banks When you are looking for the best loan for your circumstances, do you approach a bank or do you contact a mortgage broker? Comparing the service A mortgage broker can provide information and guidance to help you through the process of securing a loan. A broker can guide you through […]

 Will Your Job Stop You Getting A Home Loan? When a lender is assessing your home loan application, they will pay particular attention to your employment history. Just earning good money isn’t enough – the lender wants to see a sense of security. Your job can even affect your credit score, as lenders may consider […]

The Pros and Cons of Multiple Lenders for Your Property Investments When you are building your property portfolio, you will have to decide whether you want to stick with a single lender or branch out and expand your portfolio over multiple lenders. Your decision will have a lot to do with your temperament as an […]

Building your expert property investment team If you are planning to make a profit through property investment, you need to invest both time and money – and you also need the expertise to achieve your investment goals. If you try managing every aspect of the property investment single-handedly, you might find that the profits you […]

Would a home equity loan work for you?  If you have built up some equity in your home loan and wish to use these funds, you can apply for a home equity loan, also known as a secured loan. The loan is “secured” because your home acts as collateral. How to qualify Most lenders will […]

The Danger of Too Many Home Loan Applications When you are searching for the right home loan, it can be tempting to apply to several lenders in an effort to land the highest loan amount at the best interest rate.  However, multiple loan applications can actually affect your credit rating, and impact your ability to be […]

Tips to secure your investment property loan  Securing a loan for an investment property can be very different to acquiring a home loan. In order for the investment to be successful, you need to decide exactly what you want to achieve – is this a short-term or long-term investment – and you need to be […]

Choosing the right loan for your investment property  Your investment property is intended to generate income, so choosing the right loan is just as important as choosing the right property. With the right loan, you can maximise your income and achieve your investment goals. So how do you choose the right loan? Establish your property […]

Interest only or Interest and Principal ?  Your home loan is made up of two components – the principal and the interest. The principal is the actual amount you have borrowed, while the interest is the cost charged by your lender to enable you to borrow the money. The interest is calculated by the size […]

Pros and Cons of Redrawing on Your Mortgage When you are focused on paying off your home loan, it’s a good plan to put any extra funds straight into your mortgage, reducing your interest rate and paying off the loan faster. However, this doesn’t leave you much flexibility for emergencies, changing circumstances or even little […]