by Zanda Wealth Mortgage Brokers | Apr 3, 2024 | Finance
A Home Loan Comparison Rate is a tool designed to help Australian borrowers identify the true cost of a loan. It incorporates both the loan’s interest rate and any associated fees and charges into a single percentage figure. This allows borrowers to compare...
by Zanda Wealth Mortgage Brokers | Apr 3, 2024 | Finance
The Home Loan to Value Ratio (LVR) quantifies the portion of a property’s value being borrowed, expressed as a percentage. It’s a key factor lenders use to assess loan risk, influencing loan approval and terms. Understanding your LVR is crucial, as it...
by Zanda Wealth Mortgage Brokers | Aug 31, 2023 | Finance
An interest-only home loan is a unique mortgage option offering flexibility in repayments for a specified period. Unlike traditional home loans, where each repayment covers both principal and interest, this option lets you pay just the interest for a set duration....
by Zanda Wealth Mortgage Brokers | Aug 31, 2023 | Finance
A fixed rate home loan is a type of mortgage where the interest rate remains unchanged for a specified period, offering borrowers consistency in their home loan repayments regardless of market rate fluctuations. Introduction to Fixed Rate Home Loans In the diverse...
by Zanda Wealth Mortgage Brokers | Aug 31, 2023 | Finance
Home loans are a gateway for many to achieve the dream of homeownership. Among the variety of home loan options available, the variable rate home loan stands out as one of the most popular. But what exactly is a variable rate home loan? Let’s delve deeper....
by Zanda Wealth Mortgage Brokers | Aug 2, 2023 | Finance
When you choose to refinance a home loan, you replace your existing home loan with a new home loan. Refinancing usually aims to save money by taking advantage of lower interest rates. However, there are other reasons to refinance as well. In this article, we will...
