Setting Up Your Home Loan - Tips!
For first home buyers structuring our home loan is usually quite simple we know how much we need to borrow and our decision making comes down to whether we want a fixed rate or a variable rate, or maybe a bit of both and then what loan features we prefer.
Things tend to get more complex in other cases, such as investment property loans, buying our next property before we can sell our existing home, construction loans or getting a loan if we are self employed.
Mixing Loan Purposes
Which spouse should buy the investment property
Loan to value ratio - reducing lenders mortgage insurance by spreading among lenders
Reducing your loan in the short term - honeymoon rates might be a winner