Tips for New Home Buyers

Deposit – As a general rule, an owner occupier will require a minimum 5% of the property purchase price as a deposit. The bigger the deposit you can put together, the better as it reduces your home loan size and can eliminate the need to pay Lenders Mortgage Insurance (LMI). First Home Save Accounts – A first…

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Don’t Accept Early Exit Fee’s

Home loan customers looking to switch lenders should never accept being charged substantial early exit fees, says leading mortgage broker Priority Lending. Priority Lending Leura broker, Catherine Salat, said any lender trying to charge an early exit fee should be challenged as federal government changes introduced on July 1, 2011, decreed that customers shouldn’t be…

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