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At Creative Finance our aim is to help you make better decisions for yourself! This section is dedicated to explaining some of the key concepts and tips and traps surrounding mortgages.

After reading through the website we recommend making an obligation free appointment with one of our consultants to help apply the information here to your own situation.

Important Disclaimer: The information contained herein is designed for broad educational purposes only. Reliance upon the information within is not intended or recommended. You should seek professional advice specific to your own personal situation before relying on any of the information.

 

A Brief summary of the sections

Glossary of Terms – an explanation of the common terms associated with obtaining a mortgage.

Structuring Your Loan – Understanding how to structure your loan upfront can save you considerable time, frustration and money. This section gives you key points to consider when setting up a mortgage.

Lenders Mortgage Insurance – Depending on how much of your purchase price you need to borrow you may have to pay lenders mortgage insurance. This explains how it works and some tips for minimising it.

Repayments – Principal & Interest or Interest Only – Many people hear others talking about whether or not a loan should be interest only. This explains the concept so you can make your own decision.

Should I make Additional Repayments – in a world where we are constantly told to be smarter with our money this section provides insights to help you decide whether you should be making additional payments to pay your mortgage down or not?

Fixed versus Variable Interest Rates – Many people constantly wonder whether you should fix all or part of your loan. This explains many of the pros and cons so you can make a better decision.

Own Home versus Investment Property – this section discusses the pros and cons of owning your own home first versus an investment property.

Mortgage Stamp Duty – when you take out a mortgage you are required to pay mortgage stamp duty. This explains how it works and tips and traps to make sure you don’t pay too much.

Property Titles & Zoning – Before signing to buy a property it is crucial you understand how the property title and the zoning of the land will affect your ability to obtain finance. This section gives some basic explanation and what to look for.