Mortgage Choice
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4 selected videos
What is refinancing?
Refinancing refers to the process of paying out your current home loan by taking out a new loan, either with your existing lender or through a different lender.
You could get a lower interest rate and reduce your monthly repayments or you could fix your rate for a certain period, and have the security of fixed monthly repayments.
You could access the equity in your home and take the opportunity to build additional wealth by buying an investment property or renovating.
Refinancing can...
Related topics : refinance mortgage home equity loan / debt consolidation home mortgage loan
How to know what is better for me a Fixed rate vs Variable rate home loan
While there is no crystal ball that can predict what will happen to the economy and interest rates in the future, what we can give you is an insight on the pros and cons of fixing your home loan.
Fixed home loan– your payment amount will not fluctuate for the length of the fixed period, usually 1 – 5 years.
Variable home loan- If interest rates go down, so can your required payments, if you choose to decrease accordingly.
If you have surplus cash each month or want to make a lump sum...
Related topics : home loan fixed / rates home loan
Home loan update - Fixed rate home loan
Do you have a fixed rate loan and still have quite a while to go before you can move to variable? You might be wondering if you can break your fixed rate period and change loans, to take advantage of the rates you are watching go down.
Related topics : rates home loan
Tips on buying before or after selling - from Selling Houses Australia for Mortgage Choice
There are a number of things to consider when it comes to buying a new home before selling your current one. Here are a few tips from Andrew Winter, host of Selling Houses Australia.
Related topics : new homes buying tips / selling homes australia
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