Maverick Finance First Home Buyer Case Study 1
First Home Buyer Case Study 1 Written by: Maria Papa How much deposit do our first home buyers need to purchase a $650,000 property? Is their $36,000 savings sufficient to get them into the property market? Our first home buyer couple have one child. They are both permanent residents in the process of applying for […]
Book a 1on1 strategy session
The benefits of refinancing your mortgage can vary depending on your situation and financial goals. But generally, refinancing opens doors to many opportunities, such as: better mortgage rates lower monthly repayments shorter loan terms fixed-rate options debt consolidation Is refinancing right for you? We can help you make an informed decision by helping you […]
Case study: Saved by the Refinance
Things had taken a turn for the worse for James Merrick, with several debt threatening to force him into selling his home. A baker employed by a large company, James had taken the opportunity to work overtime to help relieve his debts, but no matter how hard he worked, he could not seem to catch […]
What is the Refinancing Process?
Once you’ve determined your needs and done your research, including speaking to a broker, beginning to refinance will be straightforward. 1. The Application Your broker will evaluate your circumstances and help you submit your application. You’ll need to provide identification documentation, proof of income (such as pay slips) and list your assets and liabilities. If […]
Getting a Better Rate
Getting a Better Rate Is one phone call really all it takes to secure a lower interest rate? With official interest rates trending downward, shrewd mortgage holders may take the opportunity to call their lender to ask for a better deal. But when even a small interest rate reduction means potential savings of thousands of […]
What are the benefits of refinancing?
Before making a decision on refinancing, understand the cost to change your loan and lender. The general goal of refinancing is to get a better deal and save money over the life of the loan.
What is Refinancing?
Refinancing can be done with your existing lender (called internal refinancing) You can refinance through your current lender — provided you qualify — because banks generally want to keep their customers. If you’re looking to lower your monthly mortgage payment, refinancing with your current lender could save you the hassle of switching financial institutions, filling […]