Recently, you’ve probably seen some great home loan packages advertised. Perhaps one of them looks like the perfect solution to your situation. However, as in all advertising, not everything is as straightforward as it seems.
If you ask people what they want in a home loan, a good interest rate is probably high on the list. Lenders may use a great interest rate to attract customers. This happens so often, that many people think the interest rate is the most important thing about the loan.
As mortgage brokers, we’re often asked exactly what it is that we do. Many people don’t know what the benefits are of using a finance broker, instead of going straight to a bank. One of our most important roles at Bee Finance Savvy, is maximising our customers’ borrowing capacity.
When you’re purchasing an investment property, whether it is your first or your fourth, it is important to know that not all lenders will treat your situation equally, regarding how much you can borrow.
Comparing car loans can be a tricky exercise. The majority of people will ask what the interest rates are and will go with the lowest rate quoted. However this can be a big mistake.
Many people are unaware of how the banks will calculate your income. They assume it will simply be their annual salary or their last payslip x 52. But this is not always the case.
