Mortgage Repayments
When was the last time you dug out your mortgage documents? Go ahead, admit it. They're coated in a few inches of dust. We hate to see you pay more for that loan than you have to -- and that's what might happen if you keep ignoring it.
Mortgage rate -- is yours too high?
Would you know it if it was? Learn how to spot the economic trends that will tell you!
It's tough to time the economy so that you lock in absolutely the best deal. But savvy shoppers should always keep track of longer-term trends that develop over a few months. By learning how to react to them, they can save big bucks.
Interest rates tend to move in cycles. After a prolonged increase in mortgage rates, a slow drop usually occurs. Smart shoppers can take advantage of that fact by waiting to buy until the downslide begins.
Can you get rid of PMI?
If you put less than 20 percent down for your home, you're probably paying private mortgage insurance. But rising home values and new rules could help you say goodbye to that extra payment.
Tapping equity -- smartly
Is it time to take out some of your home equity via a loan or line of credit? They have lower rates than credit cards and auto loans, so you may be able to consolidate your bills into a lower monthly payment.
Refinancing
Do you have an adjustable-rate mortgage payment that's about to adjust higher? Are you in a 30-year loan and thinking about shortening the term to 15 years? Could you use some extra cash every month for other bills? If so, maybe you should refinance.
Calculate your payment on any loan
Do you know how much longer it's going to take to pay off that loan and how much it's going to cost you? Use our calculators.
To discuss your mortgage options, phone our office today on 07 5527 1133 , or fill in our simple contact form and we will be in contact with you within one business day.
