Articles

  • Home Loans with a Redraw Facility

    How do Redraw Facilities Work?

    The majority of home loans now offer a redraw facility and well over 50% of home loan purchasers who have signed up to a home loan in the last 10 years have opted to include a redraw facility on their home loan.     What is a redraw facility? A redraw facility on your home loan enables you to accelerate the repayment of your home loan by making additional payments, on top of your minimum loan repayments, with the objective ...(continued)

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  • Compare the Best Home Loans

    Home Loans - How they work and how to select the best one Buying a home is very likely to be one of the largest transactions you will make in your life and your home loan is probably going to be the largest debt you ever choose to incur. Given the amount of money involved in purchasing your dream house it is paramount that you do thorough research to find the best home loan for your circumstances. Select the best is designed to h...(continued)

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  • Mortgage Brokers vs Banks – who offers the best home loans?

    Mortgage Brokers vs Banks - who offers the best home loans?

    In the 1980’s it is estimated that over 90% of Australian’s who applied for a mortgage did so through the bank at which they held their bank account, placing their trust in their bank manager to help them select the best mortgage for their circumstances. With the emergence of mortgage brokers in the mid 1980’s the banks dominance of mortgage applications began to be challenged and now with nearly 6,000 mortgage brokers operating acr...(continued)

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  • First Home Buyer

    The Ultimate guide to buying your first home

    Buying your first home is a huge decision that involves a number of different steps and a number of different parties, which can make it both confusing and daunting. This guide is designed to help you navigate through this process and provide tips on how to find the best first home loan deal.     Lenders Key Fact Sheets Key facts sheets which home loan providers are required by law to provide are designed to help homebuyers...(continued)

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  • Mortgage Brokers

    How can a Mortgage Broker help?

    How a mortgage broker can help It is estimated that in excess of 50% of all first time homebuyer mortgages are organized by mortgage brokers, with Aussie Home Loans and Mortgage Choice being the largest brokers. The attraction of using a mortgage broker to help organize your home loan is that their service is designed to manage take the stress out of making the purchase right through to settlement, whilst providing expert advice ...(continued)

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  • Off set account

    How do Off Set Accounts work?

    An offset account is a transaction account that is linked to your mortgage, with any balance held in your off set account being used to reduce your home loan balance and in turn the interest charges you are paying on your home loan. By reducing the interest payments in your home loan, you accelerate the rate at which you are repaying the principal amount and so bring forward the date you will pay out your loan and be mortgage fre...(continued)

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  • Home Loans with a Redraw Facility vs Offset Account

    Redraw vs Offset Account - Which is best?

    Offset accounts and redraw facilities are two home loan features that are widely offered by home loan providers and have proved very popular with home buyers with well over 50% of new mortgages, in the last 10 years, featuring either a redraw facility or off set account. Both these features are designed to allow you to use any extra income or savings to reduce the balance of your home loan, thereby reducing your interest repayments....(continued)

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