Understanding Refinancing with Bad Credit – A 10-Minute Guide
Understanding Refinancing with Bad Credit: A 10-Minute Guide Table of Contents Refinancing your home loan can be a powerful financial tool. It allows you to
If you’re on the hunt for a home loan, you’ll know how many options are out there. We understand that home loan searching can feel like a daunting task. When looking for the right home loan, you need to find a loan, and a lender, that will offer you competitive rates, fast results and flexible loan terms.
Read on below to find out more about what you should be looking for in a home loan.
There may be a number of fees charged on different features of a home loan. When looking for a home loan, you should check what kind of fees your home loan will have. Some of these fees might include:
While your loan might not have all of these extra fees, it might be beneficial to do some research to see if any apply to your loan. Fees can quickly add up over time, causing you to spend more on your loan than you might have originally thought.
When you begin to research home loans, you might find that lenders display both an advertised rate and a comparison rate.
The advertised rate of a home loan is generally is just the interest rate, and it does not usually include the cost of any fees or charges. On the other hand, the comparison rate usually takes into account most fees and charges over the life of the loan.
In addition to these figures, some lenders might have an introductory offer interest rate. The introductory rates are generally lower rates offered only for a short time at the start of your loan. It might be a good idea to also check the comparison rate of a loan that offers an introductory rate, as this will give you an idea of what the real cost of the loan could be after your introductory period comes to an end.
While the interest rate, fees, repayment and deposit amount are important to think about when choosing a home loan, you might also consider looking at what features come with a home loan that you might be interested in. Some features that are included might be:
Depending on what you are looking for in a home loan, you might find these extra features appealing in the long run.
If you’re wondering about which type of loan will be the best fir for you, we have all the information you’ll need in our loan articles page. Whether you’re looking for a private loan, a self-employed loan or a low doc loan, you’ll be able to find everything you need to know.
Luckily for you, Tiger Finance has home loans that offer all of these benefits. We can offer you competitive rate home loans from our range of partnered lenders. It’s never been easier to apply with us online, and we can even have your home loan approved on the same day!
We have helped countless Australians with both good and bad credit ratings get approved for funding. If you are one of the many Australians finding getting a home loan difficult, Tiger Finance can make the process simple and pain-free. Call today to speak to one of our loan specialists for your free initial consultation.
Understanding Refinancing with Bad Credit: A 10-Minute Guide Table of Contents Refinancing your home loan can be a powerful financial tool. It allows you to
Why a Broker is an Asset When Applying for Refinancing with Bad Credit Table of Contents Refinancing your home loan can be a strategic financial
Refinancing with Bad Credit: Understanding the Process in Australia Table of Contents Owning a home is a significant milestone in financial terms. However, life throws
Refinancing Rates And Why It Matters Table of Contents Your Home: A Valuable Asset, But Also a Debt For many people, a home represents a
Our vision is to make it simple and easy for every Australian to get the funding they need to achieve their big life goals.
National Home Loans Group Pty Ltd trading as Tiger Finance | ABN 57 168 971 346
Tiger Finance Credit Representative: Kiara Patricia Halley | Credit Licence: 468465
*Interest Rates: Conditions, fees and charges apply. Interest rates are subject to change and will vary. We cannot guarantee that the interest rate advertised on our website will be the one offered to you. Interest rates offered will be dependant on your situation.
*Consolidating high-interest personal loans and credit cards into a lower-interest home loan may result in significant savings on interest for some consumers. However, this solution may not be suitable or accessible to everyone.
*The approval timeframe is varied. Approval time is subject to change depending on your circumstances or loan type. Processing times may be subject to your lender.