Could people please suggest some very important points to be looking for in a home loan. there’s always some smaller details which are good to contemplate when looking for a loan
[^]Alexandra.
Not an easy question to answer as different needs and circumstances require a different approach, but here are some points to keep in mind when choosing a particular lending product,
Interest Rates, Application fees, is mortgage insurance involved, what is the max LVR, what are the break costs, is the loan portable, how much security will the lender grab on multiple properties, what percentage of rental income, casual and part time earnings are excitable, will they lend to a comp/ Trust, this is all I can think of at the moment, I have probably forgotten a few of the most obvious, IM sure the other Mortgage Brokers here will add to this list,
Regards
Steven
Mortgage Broker[email protected]
http://www.mobilemortgagemarket.com.au
Ph:1800 820 500
VictoriaPLEASE note comments made should NOT be taken as specific taxation, financial, legal or investment advice. Please seek professional, specific advice.
Alexander2,
In February’s ‘Money’ magazine (pg 76), there is an article explaining the important details in selecting your homeloan. Plus there are the top 5 home loans listed by different categories further into the magazine. Good reading.
Dave
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