Wikipedia tells us that “A home buyer or builder can obtain finance (a loan) either to purchase or secure against the property from a financial institution, such as a bank or credit union, either directly or indirectly through intermediaries.“
A home loan is used by first home buyers, Investors, upgraders, small businesses- a home loan is a way of purchasing a major asset, it is a way of securing a future, funding a retirement or building an investment portfolio.
For most of us it is the first and most important step in securing a future, the place that our family calls home. It is the place where we raise our children. It is the place where our friends and family will always be welcome.
Securing your home loan is possibly the biggest decision you will make, it is probably the largest financial outlay most of us will ever make.
Yet there is so little focus on what makes it a good home loan.
There are hundreds, if not thousands of loan products. Which loan is right for you? Is it the loan with the lowest rate? Or is it in fact the loan with the most features?
Like anything in life you get exactly what you pay for so it is important to strike a balance between the budget and the practical uses that the product offers you.
Your loan market mortgage broker has up to the minute information about every lender and every loan. Finding the loan that meets your requirements the best is no more than a double click away.
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