Comparing interest rates isn’t the only important factor when deciding on the best mortgage for your lifestyle and investment strategy. There’s other factors to consider such as those listed below so you’ll see that doing a mortgage comparison isn’t as simple as it sounds. Partner with the loan expert at Darwin Mortgage Broker to make sure you get the best deal possible secure your family’s financial future.
Factors to consider when doing a mortgage comparison:
- Interest rates and fees: account keeping and other bank fees increase your total repayments so you need to look at what your total repayments will be, not just your interest rate
- Flexibility: circumstances in life change and sometimes you need a loan that will change with your lifestyle. One that will allow you to make additional repayments when you have funds to do so and re-draw on that when you need to
- What are your application and early pay out costs?
- Customer service: low cost loans often mean low customer service but for those looking for very basic loans this can be a very good option.
Choosing the RIGHT mortgage is just as important as choosing the RIGHT home so make you choose the RIGHT mortgage broker to secure your family’s financial future.
At Darwin Mortgage Broker, I strongly recommend you do a complete financial health check when doing a mortgage comparison, call today for your FREE consultation!