http://www.mortgagejet.com.au/blog Everything you will ever need to know about finance. Mon, 21 Jul 2008 05:31:37 +0000 http://backend.userland.com/rss092 en A mortgage calculator is a free tool that allows you to work out figures relating to your proposed loan. For example, with the Borrowing Power calculator,you can calculate how much money you can borrow based on your financial circumstances.ShareThis http://www.mortgagejet.com.au/blog/mortgage-calculators/mortgage-calculators-borrowing-power.html NATIONAL Australia Bank will increase its variable home loan rates, following similar moves by two of its major rivals last week. The country’s second-biggest lender by market value said it would raise its rates by 15 basis points to 9.61 per cent. NAB Australia chief executive Ahmed Fahour said the change reflects ... http://www.mortgagejet.com.au/blog/interest-rates/national-australia-bank-lifts-interest-rates.html Standard Variable Rate Home Loan This is a fully flexible loan that usually allows additional repayments without penalty and often comes with extras such as a redraw facility or offset account. The interest rate is variable which means that it can go up or down depending on the bank. It also ... http://www.mortgagejet.com.au/blog/first-home-buyers-guide/types-of-mortgage-products.html A mortgage is a way for potential homeowners to buy their homes without having to pay all of the money up front. Essentially, it works much like a collateral loan, with the house being the collateral. The main difference is that the bank originating the mortgage loan is the real ... http://www.mortgagejet.com.au/blog/mortgage-tips/how-a-mortgage-works.html Everyone wants to buy a home, but not everyone will qualify for a mortgage loan. To get a mortgage, you have to demonstrate to the bank that you are a good risk. The bank is there simply to make money on your loan. If they have reason to believe you ... http://www.mortgagejet.com.au/blog/mortgage-tips/how-to-qualify-for-a-mortgage.html When a home has been through foreclosure, the bank is responsible for selling it to make back as much of the defaulted loan as they can. This usually means that the bank is interested in selling the property quickly, and often for less than it is worth. This is an ... http://www.mortgagejet.com.au/blog/investing/how-to-go-after-foreclosure-properties.html If you are in the market for a home loan in Australia, then you need to do your research and become familiar with the different types of home loans that are available to you. This article will attempt to give you the basic of the types of home loans that ... http://www.mortgagejet.com.au/blog/mortgage-tips/home-loans-in-australia.html Before you begin to look for mortgage brokers in Australia, you need to educate yourself on what to look for. Not all mortgage brokers are created equal. To avoid getting taken advantage of, you should know what to look for in a mortgage broker. Read on to uncover some great ... http://www.mortgagejet.com.au/blog/mortgage-tips/mortgage-brokers-australia.html If you own a home in Australia, you may be wondering if refinancing your home is a good idea. There are plenty of reasons to refinance your home. Keep reading to determine if one of these reasons apply to you. Refinancing your home in Australia is a good idea ... http://www.mortgagejet.com.au/blog/uncategorized/five-benefits-from-refinancing-your-home-in-australia.html The very first thing first home buyers should do is to develop a budget. Estimate your monthly expenses and determine how much of a house payment you can afford. You do not want to make yourself house poor. Buying a house that you can’t afford is the worst thing you ... http://www.mortgagejet.com.au/blog/first-home-buyers-guide/tips-for-first-home-buyers.html