Discuss second mortgages with other members of our forum.
Mom of Elvis --> How can you find out if the house you have a second mortgage on is current in it's payments or into foreclosu [3 replies]
trer --> How can we slow down our culture of consumerism? [1 replies]
michael s --> Umm, Do you drink this much Coffee?? [13 replies]
looking for $$$$ --> Does anyone know how Third Party Tracers (processors for Mortgage Refunds) are paid? [0 replies]
william w --> Will a second morgtage company pay off a higher 1st. mortgage? [4 replies]
Wooly CCSBSS --> Are all MPs just property developers? Get the Mortgage paid on the second home, get it all fitted out with? [7 replies]
roving_poet --> How do guys really feel about dating moms? [1 replies]
Christina W --> I am stuck with a lien on my house that I am not entitled to pay. HELP!!? [4 replies]
Jason B --> My first and second mortgage is more than my house is worth.? [6 replies]
Ja W --> Did you know that you could not post topics questioning Barack Obama on his website? [3 replies]
trer --> How can we slow down our culture of consumerism? [1 replies]
michael s --> Umm, Do you drink this much Coffee?? [13 replies]
looking for $$$$ --> Does anyone know how Third Party Tracers (processors for Mortgage Refunds) are paid? [0 replies]
william w --> Will a second morgtage company pay off a higher 1st. mortgage? [4 replies]
Wooly CCSBSS --> Are all MPs just property developers? Get the Mortgage paid on the second home, get it all fitted out with? [7 replies]
roving_poet --> How do guys really feel about dating moms? [1 replies]
Christina W --> I am stuck with a lien on my house that I am not entitled to pay. HELP!!? [4 replies]
Jason B --> My first and second mortgage is more than my house is worth.? [6 replies]
Ja W --> Did you know that you could not post topics questioning Barack Obama on his website? [3 replies]
Recommend a good mortgage broker in Australia?
Posted by moo at: 2008-03-15 20:51:04
Myself and my husband started looking at houses yesterday and have found a fantastic place which is perfect for us at the second place we went to. We were intending to just start getting a feel for the market but now we want this place and need a mortgage as soon as poss. It is our first home and we are in QLD. We just got married which wiped out our savings so will need a 100% loan. We need advise on where to go and what to ask for. And any other advise you can throw our way:-)Thanx
Posted by Krystal at: 2008-03-15 21:35:50
Congratulations! I can't recommend a broker but I heard through a friend that used one that they can offer below the advertised rate for known banks (they probably get commission though so bare that in mind). realestate.com.au also has a few advertisements for 100+% loans you should check them out For anything I always check ratecity.com.au to compare interest rates of banks & non bank lenders, not just for home loans, I use it for CC, savings accounts, personal loans, etc. its independant from the financial institutions so its not a biased web site. You can grab a few banks that suits your family's situation with you and speak to a few mortgage brokers and see if they can beat it - squeeze whatever you can out of them! :D Also you should do property searches/inspections via your local council for the property you plan to buy - make sure its all legit, no issues etc. Cut out the middleman and save some money :) I included a link to moreton bay city council, you just need to search for your local council's site and it should tell you costs involved, etc. Of course I also recommend speaking to family and friends for their advice as well. oh and READ THE FINE PRINT. You and hubby will be locked into a loan for a minimum of 25 years (not including paying extras) so its a pretty significant document :)
Posted by pandibabi at: 2008-03-15 23:18:29
Finding a house with an assumable mortgage these days could prove to be a real find - but it is not very common. Typically only the FHA and the VA uses assumableprocess involved. It can really be to your advantage, too, because the lower interest rates that are probably on it will enable you to save money.