What home loans can I choose from?
Choosing from all the mortgages available on the market can be a lot harder than it used to be. With so many lenders all competing for your business, the amount of choice can be daunting. But choice can also mean opportunity. Our mortgage resources can help you dig through the marketing and the promises to find suitable options for your property goals. We have mortgages for first or second home buyers, even third or fourth. If you are an investor or looking to refinance your current mortgages and other loans, we can help you there, too. Building a house can be tricky when it comes to mortgages, but we have access to suitable loans that can help ease your mind. We also have mortgages if you are renovating, or if you are relocating. Having access to mortgage resources can be tough if you are self-employed, but our experienced lenders can help guide you through the process.
Can mortgage calculators give me the information I need?
Our calculators are some of our best mortgage resources, and can give you a lot of information before getting into the nitty gritty. As a great starting point, they can let you know how much you repayments may be, based on the size of the loan, the interest rate and the term of the loan. Just like all our mortgage resources, they are a guide, and more detailed information can be gained from speaking with one of our experienced lenders. Our calculators can help you compare payments from different kinds of mortgages, highlighting the different interest rates available at the same time. Another of our calculators can help you if you are looking to switch mortgages. This calculator helps you compare rates and can give you an approximate overall difference in repayments, highlighting how much you might save by switching. We even have a calculator that can give you an indication of how much you may be able to borrow. This is not a substitute for pre-approval, but can give you a good starting point to launch from. Like all our mortgage resources, you get out of them what you put in, so make sure the information you give is as accurate as it can be.
What home loan can best suits my situation?
Finding a suitable home loan is important, but it can be difficult. There are so any options to choose from, starting with standard fixed and variable mortgages. You can choose from split or toggle offset mortgages, which can allow you to have both fixed and variable parts, as well as loans that you can take with you when you move. At Mortgage House we also offer mortgages for construction and renovation, and bridging loans if you want the security of buying a new home before you sell your current one. We also offer interest-only loans for investment, or to help with cash flow, and if you have bad credit, we also have loans options. If you think you will struggle to gain a deposit, or need your family’s help, we have loan options available, and we also have a range of mortgages for those who are self-employed and may struggle with the documentation usually needed for a loan. All these choices are why our mortgage resources are so important. Being able to see through all the information and find some clarity is a service our experienced lenders can offer.
How do I find the best mortgage options for me and my family?
At Mortgage House we know you are not a mortgage expert, and we don’t expect you to come to us with a clear understanding of a suitable mortgage for you and your family. That is why our mortgage resources are so important. We can provide you with a checklist and a list of tips, as well as a way of comparing all our loans in the one place, to help you see the bigger picture. Our list of FAQs is comprehensive and can provide a bit more detail about what you are looking for. You will no doubt come across a lot of words and phrases that don’t mean much, and our mortgage glossary is a handy way to help decipher terms and phrases that can be tough to understand. We can also help you give your current home loan a health check, which is always a good idea from time to time. You never know what options may be available. We can give you advice on pre-approvals and, of course, our award-winning customer service can make a big difference as you travel on your property journey.
What if I am worried about going into mortgage debt?
A lot of people, especially those looking to buy a home for the first time, can fret at the thought of mortgage debt. Mortgages are a lot of money. A house will probably be the most expensive thing you buy in your life. However, it can be important to think of it this way: If you are renting, you are paying of someone else’s mortgage. Being able to own your own home and make any changes you want is attractive for a lot of people. And entering the property market can be a great way to start building a credit rating, which can help you out in other stages of life. And a look through our mortgage resources is a great place to start.