Category: Tip of the week

71 Posts Here

Interest Rate News

October 8, 2014/News/0 Comments

With the property markets picking up during the busy spring selling season, the Reserve Bank of Australia has decided to keep the official cash rate on hold at 2.5 per cent during its monthly meeting today. Most analysts were expecting the cash rate to remain on hold after the RBA…

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Most Mortgage Brokers Don’t Charge You

September 24, 2014/Tip of the week/0 Comments

Most mortgage brokers don’t charge a fee for their service as the lenders pay them a commission for the loans they write. Most lenders offer the same rate via the mortgage broker as they would directly, and a broker could save you money in other ways. Please call the team…

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Loan To Value Ratio (LVR) – What The Lenders Look At

September 3, 2014/Tip of the week/0 Comments

When lenders talk about mortgage deposits they refer to loan to value ratio (LVR). LVR is the loan amount divided by the value of the property. Let’s say you want to buy a property with a purchase price of $200,000. If you have a deposit of $40,000, your LVR is…

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Loan To Value Ratio (LVR) – What The Lenders Look At

September 3, 2014/Tip of the week/0 Comments

When lenders talk about mortgage deposits they refer to loan to value ratio (LVR). LVR is the loan amount divided by the value of the property. Let’s say you want to buy a property with a purchase price of $200,000. If you have a deposit of $40,000, your LVR is…

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Make The Most Of Rate Falls

August 13, 2014/Tip of the week/0 Comments

If monthly repayments drop because interest rates have fallen, try to maintain the old repayment levels. This means you will pay off more of the principal with each repayment, reduce the term of your loan and the total amount of interest paid. Call the team at Aqua Financial Services to…

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Why Should I Have A Regular Home Loan Health Check?

August 7, 2014/Tip of the week/0 Comments

Because things change: interest rates, products and you. Just because you’ve spent ages making sure you have the right mortgage, it doesn’t mean it will always be right for you. You need to complete regular home loan health checks to see if refinancing your mortgage would suit you. Call the…

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Have Your Income Paid Directly Into Your Home Loan

July 16, 2014/Tip of the week/0 Comments

Manage your day-to-day expenses on a credit card with an interest-free period. Provided you are careful to keep track of your expenses, this may be one of the best ways to use your existing financial resources to reduce the cost of your loan. Linking income and expenses to your home…

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Pros & Cons Of Interest Only Mortgages

June 25, 2014/Tip of the week/0 Comments

The advantage of an interest only home loan is that the monthly repayments are lower than for a normal “principal and interest” mortgage. The disadvantage is that you typically pay more in interest over the full term of the loan. However most people who take out an interest only home…

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Mortgage Refinancing Reasons: New Products

May 28, 2014/Tip of the week/0 Comments

In the past, there was limited innovation in the mortgage market. But now competition between lenders is fierce and new products are constantly emerging that might suit your situation better. Aqua Financial Services can keep you up-to-date with new home loan products that might make it worthwhile to refinance your…

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Home Equity Loan – Unlocking Home Equity

May 21, 2014/Tip of the week/0 Comments

With a home equity loan, the lender lets you borrow against the equity you have built up in your loan. Let’s say you need money for your daughter’s wedding. You don’t have any ready cash but you do have equity in your home. A home equity loan is one of…

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