Source expert help from your local mortgage broker prior to making an offer on any property; your Loan Market mortgage broker has access to every major bank and secure lender in Australia, and can assist you to find an appropriate home loan.
Professional Packages can save borrowers up to $2,000 a year when compared to standard variable home loans, a new report reveals.
The report from Canstar Cannex shows that package home loans offer rate discounts of 0.7% for bigger loans, tapering down to 0.5% for loans under $250,000.
While package home loans come with high annual fees that typically range from $350 per annum to $750 per annum, Canstar Cannex says the interest rate savings outweigh the costs.
Professional packages work by bundling your home loan with a savings account and credit card, or similar financial products, and charging a single yearly package fee ...
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Categories: Home Loans and Mortgages. Tags: Home Loans, Package Home Loans, Professional Packages.
Homeowners in well off suburbs are paying less per dollar of debt than people living in poorer suburbs, property consultants Residex have revealed.
Borrowers in Melbourne's wealthy Toorak pay about $580 on each $100,000 of debt, this compares to borrowers from Frankston, Wyndham Vale and Coolaroo who pay about $620 per month.
This translates to about $30,000 is additional loan repayments over the course of a 25 year mortgage, according to Residex.
Borrowers with bigger loan amounts can typically negotiate better interest rate terms and fees, and loan products such as professional packages are usually offered to higher-value clients who are borrowing ...
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Categories: Home Loans and Mortgages. Tags: Bigger loan amount, Borrowers, Home Loan Discounts, Professional Packages.
