So what is the difference? A variable interest rate home loan means that the loan can change. This means, your repayments may increase if rates go up however on the plus side they may decrease if rates go down. A fixed interest rate home loan means that the interest rate is locked in for a certain … Continue reading “Fixed or variable? It’s a big question that many people consider when taking out a home loan.”
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Saving up for a deposit
Are you wondering how you will ever save up for a deposit? By working with you and your situation, we offer you long term solutions, not just a short term fixer. Use our financial expertise to set up a realistic savings plan and you’ll surprise yourself with how much you can put away for your … Continue reading “Saving up for a deposit”
Cashflow is King !
Cashflow is king! Mortgage Box will work with you to plan and budget, making sure your income and expenditure are in good balance, with a cashflow available to service your debt and paying off your new home. It’s not hard to set up automatic funds transfer between your accounts so you’ll never miss a payment. … Continue reading “Cashflow is King !”
What is Lenders Mortgage Insurance?
Lenders Mortgage Insurance (LMI) is a once off insurance premium charged by the Lender. The premium can be added to your loan. To avoid this insurance, you will need a deposit that is usually 20% of the property value. Exceptions apply where banks can waive LMI in certain circumstances. Want to know more? Contact us … Continue reading “What is Lenders Mortgage Insurance?”
Did you know?
Did you know a Mortgage Broker is your finance partner for life? You can make changes to your loan throughout the life of your loan. Your Mortgage Broker will ensure you have the most appropriate finance solution for your personal situation.
