This is becoming a frequent question we are getting asked and it does seem strange that lenders are increasing their home loan rates outside the Reserve Bank decision. “There are a couple of factors at play” explains Tracy Parish, owner of Mortgage Masters Australia – Local Mortgage Broker Newcastle and Maitland. Bank funding costs areRead more
Entering the property market is no easy feat for a first homebuyer, but even parents who aren’t prepared to hand over cash for a deposit may help by being a guarantor on a loan. Before taking the plunge, however, it’s crucial to be aware of the implications involved. Here are three questions to ask yourselfRead more
There is more to selling your home than putting up a ‘For Sale’ sign on your front lawn. Mortgage Masters recommend that these are the first things you should check off your list to help you get the largest return from your investment and to ensure the process runs as smoothly as possible. Choose aRead more
With interest rates at an all-time low, taking the option of locking in an interest rate on your home loan to guard against possible future fluctuation may be attractive. However, it pays to know the ins and outs of fixed-rate loans before committing to one. When purchasing a property, borrowers can decide between fixed-interest loansRead more
When was the last time you looked closely at your loan, the progress you are making on paying it off and how it compares to others in the market? Analysing your mortgage could mean savings for you, as well as the opportunity to pay it off more quickly, invest in other assets or reach financialRead more
Secure Your Future. Talk to a Mortgage Master – Mortgage Broker today. Are you flying solo and starting to think that buying a property will never be possible? There’s really no need to wait for a knight, or lady, in shining armour to come along, as securing finance on a single income does happen. OfRead more
Start planning now. Talk to a Mortgage Master today. With Christmas almost upon us again we find ourselves asking the same old question – “What happened to this year? Where did it go?” “Gee it went fast!”. If you are like most people you will start the present buying, organising family catch ups (yes includingRead more
Offset accounts and redraw facilities work in similar ways; they both allow you to reduce the balance of your home loan, and therefore the interest charged, by applying extra money to your debt. Redraw facilities allow you to deposit spare income into your home loan account, allowing you to redraw a sum equal to theRead more
If you have an existing property, you may be able to cash in on the equity of this premises to secure additional funds to renovate your home. We have even see some of our clients refinance to renovate, create their dream home and due to better interest rates pay less on home loan repayments. WhatRead more
We steer you away from stress…. AND help you save BIG. Hi, Tracy and Robert here, your local Mortgage Masters. Debt consolidation is the process of folding (or “consolidating”) a number of different debts into a single loan or credit card, often with a lower overall interest rate. It can be a useful option ifRead more
