Margate Mortgage Broker

Margate Mortgage Broker

Your Local Mortgage Broker Margate will help you find a suitable competitive loan product, negotiate a better deal with your preferred lender and complete your home loan application. Margate Mortgage Broker


Reverse Mortgages
Borrowers can generally borrow between 10 to 45 per cent of the value of their home, depending on age. The interest charged is around 1 per cent higher than a standard variable home loan rate.  while borrowers can receive the principal as an upfront lump sum, you can also choose to receive the principal in the form of regular part-payments from the lender over time. You do not have to make any repayments - either principal or interest - to the lender during the term of the loan, although you do have the option of doing so if you wish. Instead, the entire loan, including accrued interest and any additional fees and charges, falls due on your death or when you move out of the mortgaged home permanently. Before taking out a reverse mortgage it is highly recommended that you talk it through with a mortgage broker or financial planner.

Stamp Duty Payments
The value of stamp duty which must be paid varies from state to state, house to house, dependent on the value of the home.  It can be a costly fee though, so it would be wise to check out how much the stamp duty would be so that you can include it in your budget.  Most states offer various concessions on stamp duty for first home buyers.

We know home mortgage.
Our extensive market experience and direct access to decision makers at a range of major lenders makes it possible for us to deliver you the right mortgage for your circumstances, in a fast and precise manner. 

Our customers love coming back to us.
Once you've worked with Your Local Finance Network, we guarantee you'll never go searching for a new broker. When your loan is close to expiring, if there is a better deal out in the marketplace or if interest rates change, we'll infrom you straight away. We can provide you with all the facts you need to make a completely informed decision within minutes, and have a new mortgage application underway by the end of one phone call.


To get the ball rolling contact your Margate mortgage broker today on or by completing the form below:

 

Talk to a Brisbane Mortgage Broker that cares about you and not the bank. Real help from real people.

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