Archive for the ‘Home Loan Rates’ Category

Advantages of a Fixed Rate Home Loan

March 8th, 2011

When home buyers are first considering which type of loan to apply for, they can be easily persuaded into seeking a fixed rate home loan. This type of home loan is ideal for first-time home buyers and also has the benefit of being one of the cheapest on the market. But other than being inexpensive by comparison, what other features can a home owner enjoy with a fixed rate home loan?
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Factors Which Determine a Mortgage Interest Rate

March 1st, 2011

Interest rates are often viewed as the one element of a mortgage that all home buyers wish could be lower. Borrowers do not wish for a lower loan amount than what they need, and many do not want shorter repayment terms lest they cramp their budgets and become unable to pay their bills. But everybody wants a lower interest rate. As home buyers are well aware, however, a low rate is not available to all buyers as they are established upon certain factors.
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Mortgage Extensions

January 7th, 2011

When home-owners seek to extend their mortgage, the most frequent reason relates to the freeing up of equity from their property. Some people mistakenly believe that, by extending a mortgage they can stretch their terms to include more time for repayments, thereby reducing instalments since they have longer to satisfy the loan.
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Changing interest rates with a mortgage

November 15th, 2010

Most mortgages carry a variable interest rate, and so home owners – particularly relatively new home owners – sometimes have the idea that mortgages are only changed by the bank. But this isn’t the case and mortgages can be changed by both parties, although the mechanism can be quite different.

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What is a fixed rate mortgage?

October 6th, 2010

A fixed rate mortgage is charged a pre-set interest rate, no matter what happens to the overnight cash rate set by the Reserve Bank of Australia.

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