Property
How To Get Your Broker Put Some Money Back Into Your Mortgage?
Wednesday, August 6th, 2008Top tips to look out for when selecting a mortgage broker who gives you a mortgage rebate - How to get cashback from brokers
Lack Of Competition In Mortgage Market
Friday, August 1st, 2008A couple of times already this year, the banks have raised the mortgage rates without any prompting from the Reserve Bank. The banks blame the global credit crisis for these interest rate rises. This global credit crisis has definitely not stopped the banks to continue making profits.
One of the disturbing outcomes of the global [...]
What Are Interest Rates Doing?
Sunday, July 27th, 2008The official interest rates is at a 12 year high at 7.25 per cent. The home loan rates is between 9 and 10 per cent. The inflation figures were released this week - the underlying inflation in the year to June grew at 4.4 per cent, which was well above the RBA’s 2-3 per cent [...]
Which Mortgage Should You Pay Off First?
Tuesday, July 22nd, 2008Financial pundits have always advised that the debt with the highest interest rate has to be paid off first. This makes mathematically and hence financially more sense than tackling the debt with the lowest interest rate first. Though it may make financially more sense to do this, I personally would prefer to pay off the [...]
Ways To Pay Off Your Mortgage Quickly
Monday, July 21st, 2008The word ‘Mortgage’ is a concatenation of two French words ‘Mort’ and ‘Gage’ meaning - ‘death’ and ‘pledge’. So mortgage means ‘death-pledge’. If you stick to the repayment schedule that your lenders determine for you, then you will repay your mortgage in 25 or 30 years…That is a long time - this is actually when [...]
U.S House Foreclosures
Saturday, July 19th, 2008There has been a lot of media coverage about ‘Foreclosures’ in America. There were reports of houses selling for less than the price of a car…So what exactly is happening in America - How come the house prices are so low but still there are no buyers..
What Is Foreclosure
When you purchase a home, the lender [...]
Current Mortgage Interest Rates
Saturday, July 19th, 2008The official interest rate is currently at a 12 year high of 7.25 per cent. Usually whenever RBA rises official interest rates, banks follow suit and increase the standard variable home loan rate. Lately however the banks have increased their interest rates independent of RBA. This calendar year, RBA has increased interest rates twice but [...]
Ten Point Checklist To Help You Pick The Right Mortgage Broker
Thursday, July 17th, 2008When financing your home you can either go straight to the lender or go to the lender through a mortgage broker. If you are planning to go through a mortgage broker, here is a checklist that can help you pick the right mortgage broker:
1. Accreditation And Qualifications: The mortgage broker has to be a member [...]
Home Warranty Insurance Scheme
Monday, July 14th, 2008Home Warranty Insurance is also known as builders’ warranty or home indemnity insurance. This is a mandatory insurance in all states. A builder who is renovating or building a new home has to take this insurance. The builder takes the insurance and passes on the cost of this insurance to the client. Before the construction [...]
Interest Only Home Loans
Saturday, July 12th, 2008Lately, the number of people taking out interest only home loans has been on the rise. With the normal loans you are paying off the interest and a small part of the principal every month. As you are repaying a small part of the loan every month, you are building equity in your home. This [...]
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