Posts Tagged ‘mortgage Australia’

Applying For a Mortgage After a Previous Default

April 12th, 2011

The general consensus among the public is that when a home owner defaults on their mortgage, they will never be home owners again. While this may be true for those who have damaged their credit beyond repair, it will not necessarily apply to everyone.
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A Guide to Mortgage Tax Deductions

April 11th, 2011

Financial advisors and accountants often recommend home buying as one of the primary ways to save money on yearly tax expenses. Of course, the act of simply purchasing a home will not give the homeowner the ability to file additional tax deductions, as this privilege is only offered within the form of mortgage interest tax deductions.
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Three Reasons to Refinance a Mortgage

April 8th, 2011

With economic uncertainty at an all-time high, and homeowners being subject to some of the highest mortgage interest rates in history, it is not surprising that many are choosing to refinance their current mortgage.
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Concerns about refinancing a home loan

April 6th, 2011

Taking the time to restructure the terms and conditions of one’s home loan can prove quite beneficial when done under the right circumstances. The ability to free up equity, to change one’s interest rate, to extend the repayment term and lower one’s monthly repayments are just some of the perks to refinancing that are there for the taking, assuming that the home owner plays their cards correctly. And, when given the chance to refinance, most home owners think, “Why not?” After all, the popular thought holds that refinancing usually spells greater benefits in the post-refinance phase.
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The Advantages and Disadvantages of Interest-Only Mortgages

April 4th, 2011

With a traditional home loan the mortgage holder is required to pay interest and some of the principal with each monthly payment. Interest-only mortgages eliminate the need to pay some of the principal during the introductory period, thereby lowering monthly mortgage payments. For example, a $100,000 traditional mortgage loan with an interest rate of 4.75% would cause the monthly mortgage payment to be about $525, which includes interest and principal.
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