Mortgages
If you haven’t worked with mortgages for many years like we have, it can be confusing to understand what the different types are and how one kind is different from another. There a few major types of mortgages that you’ll often get to choose from, and we’ll help you pick the one that will benefit you the most.
Fixed-term home loan
With a fixed-term home loan, you get to choose the period you want to fix your loan for. For instance, if you choose a 3.99% rate for 12 months, you’ll know exactly what your payments will be for those 12 months. However, in most cases you are unable to increase your payments to pay off your loan sooner, but this is a good choice for consistency and planning.
Floating home loan
With this type of loan, you get more flexibility and can increase your payments at any time to pay off the loan sooner. However, the interest rate can change and can cause you to pay more over time, especially if you only pay the minimum amount. One way to make the best of both options is to have a specific amount on a fixed-term and another amount as a floating home loan. That way, you can pay off the floating loan more quickly and still have a large portion at guaranteed rates.
Offset Mortgages
This loan is a way that can help you reduce your overall interest amount; or increase it. An offset mortgage takes the balances of your everyday and savings accounts and subtracts that number from your loan, and then you pay interest on what’s left. For instance, if you have $250,000 left on your loan and you have $50,000 in savings, then you’ll pay interest on $200,000 instead of $250,000.
If you have a decent savings account, these work great! However, they come with a higher interest rate, so if you only have a few thousand in the bank you would end up paying more than you would with a typical fixed-rate loan.
Which type of mortgage is best for me?
Most people start out by either having a floating or fixed-term mortgage. But either of those might not necessarily be right for you. Along with this list, there are also several other types of mortgages that could be better for you based on your specific situation.
The only way to accurately determine which mortgage is best for you, we need to talk with you and learn about your finances and your goals.
HOW IT WORKS
To get the ball rolling we ask that you fill in the following form, it is super easy to complete and 100% obligation free.
Send us the form, then we will contact you to discuss your options.
My partner and I couldn’t be more grateful for everything that Brenda & her team did for us in getting our dream home and even handling life insurance, the process couldn’t have been made any easier. What should have been a stressful time in our lives was made into an enjoyable experience.
We had a tricky case, with only one wage and my wife expecting the second baby we’re really pushing the boundaries of what we could borrow. Brenda and the team went above and beyond to twist some arms and pull some strings and managed to get us what we thought was impossible and we’re now happily living in the lovely house we wanted so much. they really did an amazing job and were extremely fun friendly and professional. highly recommend them and they will help you get over any hurdle you have.
My husband and I couldn’t recommend Brenda and her team more highly. Without her, our out of town dream wouldn’t have eventuated. Thanks again x
Brenda is absolutely amazing!
It’s just like talking to a friend! So bubbly, friendly and helpful
No need to look any further than Brenda
Brenda was fantastic and helped us with our mortgage, mortgage review and other financial advice. Highly recommend her to everyone.
Brenda and her team helped us out a few years back now and without her, we would not be where we are today. She puts in the hard yards for her clients.
For us, it not only helped with our dream home but also put our business on the map by being able to get a new build mortgage.
This woman is amazing! We would not be where are now without her! Brenda is honest and driven – highly recommend!! Love your work Brenda
Brenda is fantastic at what she does. We recommend her to anyone we know who needs a mortgage and /or insurance advice. Thanks for everything, Brenda!
Brenda is amazing! She made it so simple and easy for me to sort my finances and find my perfect home
Brenda and the team are absolutely amazing. Just a fantastic bunch of ‘normal’ people who go the extra mile. Brenda is crack up, efficient and easy to talk to. Highly recommended.
Exceptional service. Brenda and her team took all the hassle out of our original lending and have made the whole rollover process so easy. It has made all the difference having someone we can trust and rely on to help us navigate the hard stuff.
Brenda is very approachable and easy to talk to. We found her extremely helpful and would recommend her to anyone needing her services.
I honestly can not thank the team enough for all the hard work they put into helping me get my home. Never once did they complain about my constant nagging calls or unusual questions or even the quick turn around. It didnt feel like a business transaction it felt like a family member helping me out. Really cant recommend this team enough. Want the best, go with the best.
