Why use a Mortgage Broker for your Home Loan solutions?

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How do I save money on my home loan repayments?
Most people do not know what their current interest rate is on their home loan, so it is always a good idea to have a home loan “health check up” every 12 months. By doing this, your Mortgage Broker can keep you up to date with what interest rates are currently on the market, and by making the switch to a lower interest rate, could end up saving you thousands of dollars over the life of the loan.

Why is it better to go to a Mortgage Broker rather than go straight to my own bank?
By going directly to your own bank, they can only offer you the 1 or 2 products that is available to that particular bank. By using a Mortgage Broker, we have access to over 30 different Lenders, so we can find solutions tailored to suit your needs, and could get you a better interest rate than what your own bank has to offer.

What types of loans are offered by The Loan Arranger?
Home Loans
Investment Loans
Refinances
Construction Loans
Debt consolidation Loans
Business Loans
Commercial Loans

What is the difference between Variable and Fixed Rate home loans?
With a Variable interest rate, your rate will move with changes to the market. This means the interest rate can rise or fall over the term of your loan. As a result, your repayments will increase/decrease as the rate changes.Fixed home loans have an interest rate that is fixed for a set period of time – often 1 to 5 years. At the end of the fixed rate term, the loan will usually switch to the standard variable rate offered by the lender.

Here are some advantages of a variable rate home loan:
You can make extra repayments – Extra repayments are usually allowed at no extra cost, which can save you interest and help you pay off your loan sooner.

More features – Variable loans often have attractive features such as unlimited redraws on any additional repayments or the ability to save on interest by setting up an offset account.

Easier to switch loans – It is usually easier and cheaper to switch loans if you find a better deal elsewhere if you have a variable rate home loan.

Here are some disadvantages of a variable rate loan:
Makes budgeting harder – It can be difficult to budget with certainty as loan repayments can increase when interest rates change.

Mortgage stress – If you aren’t prepared for a rate rise you may have trouble keeping up with repayments.

Here are some advantages of fixing your home loan:
Makes budgeting easier – You know exactly what you’re repayments will be, so you can plan ahead and set financial goals with confidence.

Rate rises won’t affect you – If interest rates rise above your fixed rate, you will be happy knowing you are paying less than the variable rate.

Here are some disadvantages with fixing your loan:
Rate drops won’t apply to you – You won’t benefit from a drop in interest rates if your fixed rate is more than the variable rate.

Limits on extra repayments – Additional loan repayments are often not allowed with fixed rate loans, or repayments may be capped at a low amount or only permitted with a fee.

How much does it cost to use Mortgage Broker?
With The Loan Arranger, our services are no cost to you as we get paid directly from the Lender themselves.

Who provides the best Home Loans and solutions in Adelaide?
Connie Hou from The Loan Arranger.
Since its inception back in 1996, The Loan Arranger has written over $3 billion worth of loans, and is one of the top three brokerages in South Australia.

What hours does The Loan Arranger trade?
Connie offers services Monday to Saturday and is available between the hours of 7am to 9pm.
Connie has an office on Wakefield Street Adelaide, or she can meet you at a suitable location of your choice.

Where can I view more info about The Loan Arranger?
Visit www.loanarranger.com.au

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