You probably understand the basics around home loans or loans to buy an investment property. However, the heartache usually comes from the subtlety of the mortgage lending contract. Whether you like it or not, a mortgage tends to favour the lender and usually takes a much longer view than the borrower considers at the time of contracting.
Issues such as loan value ratios, variable interest rates over time and significant changes in equity can all turn a dream home purchase into a financial burden if all possible consequences are not considered up front.
Skylight can not only direct on the best rates, terms and conditions for mortgage lending or refinancing, but we can help you understand the implications of some of the lesser known pitfalls.
We have access to qualified and independent brokers that can you help you navigate your way to the best mortgage lending or refinancing products and we will work with you to ensure that your long-term commitment to a mortgage fits well with your overarching financial position.
In addition, if you intend to purchase your first home Skylight can bring you up to speed on the latest about the First Home Super Saver Scheme, which may be an alternative for you to pursue when it comes to saving for your initial deposit.