"Buyer Beware - Avoiding The 7 Deadly Sins of Mortgages May Save
You Thousands!"
Hundreds and thousands of Australia's are throwing their money away
by choosing the wrong mortgage! You can easily halve the cost of your
mortgage. Sounds impossible? It's not that hard when you know how. All
it takes is 2 easy steps:
- Get the best mortgage! In simple terms this really means getting
the lowest cost mortgage.
- Repay as much as you can, as often as you can.
As you can see, it's not all about complex line of credit products or
investing in expensive mortgage reduction software. If you follow through
with these two steps I guarantee that you will dramatically reduce the
cost of your mortgage.
Here's a summary of the 7 deadly sins...
Sin #1 Don't Be Blinded By Fees - You Must Consider All Costs!
You must compare mortgage products by considering all costs including the interest
rate and all fees. The report reveals lenders common marketing tricks and
shows you how to calculate the 'true' cost of a mortgage. The report provide
an easy to understand explanation of the fees you may incur in taking out
a mortgage.
Sin #2 Break Fees - The Ugly Part Of A Mortgage
Break fees (or early repayment fees) have the effect of "locking" you into
the mortgage and reduce your flexibility. Not many lenders or mortgage brokers
will tell you about these costs. The report provides readers with an easy to
understand explanation of these costs and some tips of what to look for.
Sin #3 Unlimited Extra Repayments Without Penalty
This ensures that you have the flexibility to repay funds when you can. Making
extra repayments can wipe years off your mortgage. The report highlights
some simple considerations that are often overlooked.
Sin #4 Flexibility - Think Short To Mid Term
The market has never been so fiercely competitive. Lenders are slashing
their interest rates to win your business. Don't lock yourself
into a particular mortgage that prevents you from taking advantage of
special deals.
Sin #5 Borrow Less Than 80%
There are two very important reasons to do this. The report examines the cost
of mortgage insurance and the pros and cons of borrowing more.
Sin #6 Consider Other Banking Costs
Many banks offer "banking packages" if you take out a mortgage with them.
This report explains what these packages are, who can get them and the
benefits
of having them.
Sin #7 Crunch The Numbers & Know Your
Options
The report provides some valuable tips and tricks about comparing mortgage
products.
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