| The Australian home loan market is likely to have a | | | | above. That's a double whammy winner in any |
| hike in its value by almost double by 30 years from | | | | language. |
| now. In that way the value of the house which costs | | | | By now you should be questioning whether you are |
| $350,000 for mortgage now in New South Wales will | | | | going to boost your bank's profit margin or choose to |
| cost around $916,000 down the lane. | | | | reduce your own payments. This choice is yours to |
| If you read it correctly, that is close to a million dollars. | | | | make if you are serious and get the correct advice |
| There are many people reading this article who are | | | | and how to do it. |
| not aware that the decision they are taking now is the | | | | The biggest advantage to have come with the freeing |
| best. How many people reading this article just went to | | | | up of the Australian home loan industry is that there |
| the first bank, building society or broker and asked for | | | | are brokers out there who are prepared to tell you, |
| a home loan without knowing that the decision you | | | | and show you, everything the big banks would feel |
| make at this stage could prove to be the difference | | | | happier that you didn't know. We are pleased to have |
| between paying out $916,000 and, say, $700,000? | | | | many of these brokers on our approved panel. |
| In Victoria where the average home loan is $260,000 | | | | At this stage it is best that we make you aware that |
| the figures are around $680,000 to pay out the loan | | | | the type of loan we are discussing in this article will not |
| and with the right advice you could reduce your total | | | | be available, or suitable, for everybody. The good |
| payments to around $370,000. | | | | news is that if it is not for you right now it will almost |
| You have all seen the half baked guru's on television | | | | certainly be for you in a few years when you have |
| telling you that by paying just a little more you can | | | | built equity in your property and a good broker is able |
| save a lot. We are talking about paying less each | | | | to put you into a loan that will enable you to transfer to |
| month as well as making the savings we refer to | | | | this type of loan without penalty at some later date. |