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How to compare home loans This help article was written by Mortgage Specialist Michael Lee for Your Mortgage Magazine's August 2008 edition.. How to compare home loans is a great guide to getting your mortgage right from the very start. Whether you are a beginner or experienced borrower, the information here will save you thousands. |
How to compare mortgage brokers You are more likely to be more satisfied using a mortgage broker to find and arrange your loan than if you arrange it directly with a lender. With hundreds of different home loans available and a strong mortgage broker industry, the question now is how do you choose a mortgage broker. Click here to learn some tips to help you come out in front. |
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Comparison rate warning Comparison rates were introduced to help borrowers compare the real cost of home loans considering interest and fees. However if you rely on comparison rates, you could come unstuck. Click here to learn where the problems are and how to avoid them. |
Lenders Mortgage Insurance Lenders Mortgage Insurance sometimes just called Mortgage Insurance is often misunderstood and usually costly. Sometimes you will hear about and other times it's quietly slipped in to your loan contracts. lenders mortgage insurance Click here to learn how to avoid it. |
Safely navigate the mortgage maze
Mortgage maze or mortgage minefield? With hundreds of options and eager lenders competing for your business, getting a great home loan should be easy. Right? The problem is that the level of regulation designed to protect you as a borrower is not that great.
Instead of developing more competitive products, some lenders focus on clever marketing and innocent seeming sales people to win your business. Once they have won your business, they keep you locked to them with hefty penalties when you finally decide it's time to go. Your mortgage is likely to be the largest financial commitment of your life. Interest is compounding and even a small mistake can quickly cost you thousands. Whether you choose to go it alone, or use a mortgage broker, time spent here will make it easier for you to sort the wheat from the chaff.