Monday, May 7, 2012

Mortgages - what you need to know





Buying property almost always means dealing with banks. If you are thinking of taking
out a mortgage it pays to consider these important tips....

Find a banker, financial advisor or mortgage broker that you can trust and feel comfortable
dealing with.

Liaise with your bank or financial institution to determine a budget which considers your
lifestyle and possible changes in life circumstances

Chose the most appropriate loan for your purposes - principle and interest, interest only loans, fixed or variable rates of interest

Beware of interest free or honeymoon offers

Research possible government assistance such as First Home Owner Grants

Compare banks and financial instutions for fees, interest rates, breakcost terms


iRIS Property    http://www.irisproperty.com.au/





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