Reduce Your Mortgage Online

So you have decided you want to buy a new property and need to organize finances. With over 1000 home loans available to Melbourne Home Loan Customers, do you have the time to find the best deal for you?

Like most of us the answer is No. Melbourne Home Loans are becoming more and more complicated, quoted interest rates are not the true interest rate so you have decided to use the services of an expert, such as a reputable Melbourne Mortgage Broker.  Using an Independent Melbourne Mortgage Broker delivers the following benefits to you:

1. A simplified way of understanding and evaluating home loan products
2. A Mortgage Broker saves your time
3. To ease the stress of the home loan application process
4. To obtain truly independent advice about the best product that suits your needs. Most large Mortgage Brokers in Australia are owned, controlled or affiliated with a major bank. So ask yourself am I getting truly independent advice?
5. To get a better deal All Mortgage Brokers have access to a Home Loan Calculator which allows you to access 1000’s of Melbourne Home Loans. The real value that an Independent Melbourne Mortgage Broker delivers is the ability to deliver independent advice and recommendations. Anybody can operate a calculator.

Leading Independent Melbourne Mortgage Broker What If We Finance CEO Spiro Kolokithas says " the larger mortgage brokers are similar to a fast food chain. They claim to serve customers and meet their interests but if you have a major shareholder that is a major bank or shareholders not happy with the return on investment or mortgage brokers being expelled for not meeting industry standards how objective is the advice you are getting?"

What If We Finance recommends you ask Mortgage Brokers if they meet industry standards and also if they are truly "independent". The Global Financial Crisis and the shrinking of competition in the Melbourne Home Loans Market means you may still be ultimately dealing with a major bank. Alternatively contact What If We Finance and see why not all Mortgage Brokers are created equal.  Independent Melbourne Mortgage Broker What If We Finance recommends that a Home Loan Health Check is conducted every 12 to 18 months. Melbourne Mortgage What If We Finance advises borrowers to monitor their home loan when considering Melbourne Debt Consolidation, Melbourne Refinancing options.

Karen Rickert

Melbourne Mortgage Broker
Melbourne Home Loans
Home Loan Health CheckArticle Source:http://www.articlesbase.com/mortgage-articles/not-all-mortgage-brokers-are-created-equal-1743485.html

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The lift scheme is a scheme run by the Scottish Government to help people who can’t afford to buy a home. You may have heard about Lift, which stands for Low-Cost Initiative for First-Time Buyers scheme, but aren’t sure of who the scheme is for and the ins and out’s of it. You will be individually assessed for your eligibility as the scheme is for those on low incomes. Your gross earnings and if applicable, a partner’s income will be taken into account. As will any other income you receive such as benefits, bank interest, shareholder profits and pensions. You’re allowed to keep five thousand pounds of personal contributions but anything above this will be treated as a contribution towards the cost of purchasing the home. I haven’t seen any details of what is classed ‘low income’ so it is certainly worth applying for or querying further if you are eligible. The LIFT scheme is run by the Scottish Government, Edinburgh City Council and Glasgow City Council. It is available in various areas of the country; a social landlord needs to be available to offer the scheme in the area. You apply through the social landlord for the lift scheme. Normally you will have to take at least a 60 per cent stake in the home however in certain situations you maybe allowed to drop that to 51 per cent. You will have full ownership of the property whatever stake you take in the property. Responsibility lies with you for uptake of the property, so maintenance, repair costs, insurance and of course mortgage repayments. It is possible to let or sub let the property but only after getting approval from the Scottish Government. If you want to sell the property the stake the Scottish Government has taken will be repaid at the current sale price. If the property has increased in value then both parties benefit from the increase. If you decide to make improvements to the property and the value increases this would be at your expense, the government still gets the same percentage stake back.

Chris Borthwick writes articles covering a broad range of subjects. His main area of expertise is mortgage advice and writes many articles on mortgages for finance industry, mortgage brokers and for the general public. Most recent articles detailed the benefits of a fee free mortgage broker.

Article Source:http://www.articlesbase.com/mortgage-articles/ins-and-outs-of-the-lift-scheme-833691.html

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