Stories from Clovelly Loans
Are you currently thinking of Fixing your loan ? Let’s explore that in more detail.
When purchasing a property, refinancing or just renegotiating with your current lender, borrowers can generally decide between fixed-interest loans that maintain the same interest rate over a specific period of time, or variable-rate loans that charge interest according to market rate fluctuations.
When is the best time to refinance your home loan?
Refinancing can also allow you to consolidate your debts or pay down your mortgage more quickly. We point out some strategies that can help you in this process. Refinancing can be easy when you have the right help.
Can your profession save you on your home loan?
When it comes to saving on your mortgage, some of you may not have to look further than your job. If yours is a profession that classifies you as a ‘low risk’ borrower in the eyes of lenders, then you may be entitled to special discounts.
Who pays your ‘free’ mortgage broker?
It's a great question , happy to tell you how it all works. There’s no such thing as a free lunch, but that doesn’t mean you will receive lower levels of service or expertise from a finance broker who doesn’t charge you. It just means that someone else is paying for it. Each business will have its own reasons for its revenue model, and each structure offers different advantages.
Is one phone call really all it takes to secure a lower interest rate?
Clovelly Loans thinks it will. A leading mortgage and finance broker says that if people want a better deal on their mortgage, there are basically two options:
The importance of doing your research in a growing lender marketplace
Knowledge is power. A dramatic increase in the number of lenders in Australia has highlighted the need for greater research and consideration, or ‘due diligence’, when searching and applying for a loan.
Three things you need to ask your partner before you apply for a home loan together
Before you apply for a home loan with your partner, there are a few discussions that you need to have that go a little beyond what you may know already....