Tools Of The Home Buying Trade
Everyone knows that you can’t build a house without the right tools. A builder who turns up to a construction site without a hammer wouldn’t be much use!
The funny thing is, the same thing goes for arranging home finance.
Unfortunately, that doesn’t mean you’ll be able to knock together a decent home loan with those tools lying around in the garage, but it does mean that there are things that can make the whole process easier.
These are mortgage calculators. These super handy and innovative online devices can give you the information you need to get started on your journey towards home loan approval.
That’s because they are like the Swiss army knife of mortgage preparation.
If you need to know your borrowing power, you can use a how much can I borrow calculator. Are there two loan products you’d like to compare? No problem - head on over to a comparison calculator.
Extra repayments, fixed or variable interest rates, land transfer taxes - you can see how all of these will affect your home loan now and in years to come.
To get more detailed information on your situation, talk to a Loan Market mortgage broker today.