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Showing posts from March, 2022

Mortgage Application Denied? Here Is What You Should Do

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There are a number of people who apply for mortgage loans everyday with the expectation that their wishes will be fulfilled from the money they get. However, a lot of these applications are rejected, which feels like a huge defeat. To get rid of this problem, it is extremely important that you follow a few tips recommended by the best Toowoomba mortgage broker so that when you apply for a mortgage loan in the future, you get the right outcome.   Figure Out the Issue   The rejection of a mortgage loan can happen due to a number of reasons. So when you get yours rejected, make sure to figure out the issue behind it. It will help you to eradicate that issue and make sure that you get maximum benefits when you apply for a mortgage loan the next time.   Fix Your Debt-to-Income Ratio   Your application for a mortgage loan can get rejected due to complications in the debt-to-income ratio. If you face this problem, it is highly recommended that you should consult a Highfiel...

What Are the 5 Top Features of Modern Day Home Loans?

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Modern-day home mortgages come with a wide range of features designed to help you manage your loan efficiently and pay it off faster than the standard 30-year term. Most people don’t have much understanding of how these features work and which one will work best for them. For Toowoomba home loans , you must contact a mortgage broker who can help you choose the right loan features and a loan product as part of their Preliminary Assessment. Scroll down and read the entire blog to know what these features mean and how they can benefit you. Redraw  Home loan redraw allows you the ability to withdraw any additional repayments made over and beyond the minimum loan amount. This is an excellent method to save for a vacation or a car by putting money in your loan account rather than your savings account.  Interest only You will only pay the interest payable each month throughout an interest-only period, not any of the principal. The advantage is that you keep your repayments to a bare ...