When you take out a loan one obvious condition of the mortgage is that you must repay it eventually. Most people do this with Principal and Interest loans ( P&I ). However investors who are using a negative gearing strategy prefer to keep the debt in place as long as they can in order to […]
Fixed interest rate home loans are very different to variable rate loans. Obviously the interest rate is fixed and does not move either up or down. So if you fix and variable rates fall then you are theoretically losing but if variable rates rise you win. In reality it’s best not to think if fixed […]
Variable interest rate home loans are the most common of all mortgages. The interest rate is loosely based on the RBA cash rate plus a margin of around 3 percent, however most lenders then offer discounts which will bring this margin back to between 2 and 2.50 percent. The RBA have a monthly meeting to […]
There are many benefits to you by using a professional mortgage broker. While legislation and regulation imposes a “best interest’ responsibility on all brokers, as in all professions some brokers are simply better than others. We became mortgage brokers long before the the regulators stepped in and we have always made our client’s best interest […]
