Oze Mortgages

Loans for houses, cars, business, refinance, consolidation or for any reason.

 

HOME

 -

Loan Repayment Guide

 -

Tips on getting a loan

 -

Mortgage Insurance

 -

Personal loans

 -

Car loans

 -

Credit Cards

 -

Insurance on property and cars

This months tip:
Review your loan annually and investigate what else the market can offer you.

The most common types are 20 to 30 year variable mortgages where the interest rate can vary up or down depending on the financial market at the time.

Another option available to borrowers is a fixed rate mortgage where a portion or all of the mortgage is fixed for a  term of 1, 2 or three years and it then reverts to a variable rate martgage.

Financial markets have evolved to such an extent that there are a multitude of flexible mortgages available now including which ones which enable you to redraw a portion of the loan depending on your equity and financial situation.

Purchasing a home:
If you haven’t found a home yet, you should consider getting pre-qualified (a lender will review your financial history before you find a home) or pre-approved (a lender will check your credit and provide you with a letter stating that you’ve been pre-approved for a certain amount). This gives you added confidence in the negotiating process as it is one less hurdle to clear and you know what you can afford.

| Reserve Bank of Australia - Interest Rates | Holiday Rentals | Investing in Real Estate |