Fortnightly loan payments pay off loan faster? A question I am often asked is whether fortnightly loan payments will help pay off your home loan faster. The answer is…it depends. It depends on how your bank or lender calculates your fortnightly loan payments. Yes there are two ways of calculating the payment. One will accelerate the repayment […]
Your Home Loan Interest Rate
In todays complicated home loan lending world there are six keys to your home loan interest rate . They are; Whether the purpose of the loan is for owner occupier or investment property. With most lenders, borrowers with an investment loan will pay a higher rate that an owner occupier loan. The size of the loan, or […]
Begin with the end in mind
If you have read Stephen Covey’s famous book, The Seven Habits of Highly Effective People you will be aware that Habit #2 is “Begin with the end in mind“. This habit can be directly applied to the humble home loan. In this context, the “end” is the repayment of the loan. There are two main ways repayment […]
Mortgage Brokers help borrowers
Six ways Mortgage Brokers help borrowers. As a potential borrower you have many choices as to how you obtain your next home loan or investment property loan. If you haven’t used a mortgage broker such as myself before, here are six key ways a Mortgage Brokers help borrowers. Lender policy niches- This is a hugely […]
Home Loan Approval Tips
Home Loan Approval Tips. Applying for a home loan is a big step, and it’s not always straightforward. Being prepared is one of the key aspects of applying for a home or investment property loan. Having accurate up to date information helps the approval process run smoothly. Banks and lenders require detailed information from you to […]