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11 Feb Understanding mortgage terms

Home loans are so varied it is very difficult for one person to research them all. The following are basic terms you're likely to encounter when you begin to shop around. Fixed interest You know exactly what your repayments will be for the period the loan is...

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11 Feb Choosing a mortgage for you

Your goal should be to: Pay the smallest amount in interest and charges. Be debt-free in the shortest possible time. So when you consider a home loan, look at all the added costs. For most people the interest rate is the biggest factor when choosing a mortgage...

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11 Feb Preparing for your interview

Although there's a lot of competition for your business, to get the best outcome there is no substitute for preparation. That means knowing all the options available and knowing what the lending institution may need from you. Prepare for your interview by having these details ready: ...

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11 Feb Negotiating your loan

The negotiation period is the time to ask all your questions including:   How much can I borrow? Will I need mortgage insurance? What is the minimum monthly payment on your lowest-interest-rate loan? Do you have a loan with the features I need? If you find a...

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11 Feb Using a mortgage broker

Mortgage brokers have operated in other parts of the world for years and are now carving a niche in Australia. They are professionals who negotiate on your behalf, explain the pros and cons of different loans and help guide you through the paperwork. They are...

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