I Want To Get A Mortgage Fast - Online
I Want To Get A Mortgage Fast - Online
So you have a plan... you want a mortgage online fast.
"I never met anyone who planned to fail, I sure met plenty who
failed to plan."
- Anon -
OK, you're doing great, if you need that mortgage, www.OnlineMortgage.com.a
u can help you fast.
You've got a goal to aim for; you've decided to get a mortgage;
you're aware of the principles and may have learned along the
way how some mortgages work. You have learnt that you can save
time and money on a 30 year mortgage by making fortnightly
repayments instead of monthly repayments as required by the
bank. When you first found out about this, you may have become
quite excited knowing that you too can fulfill your dream of
accelerated home ownership.
We'd say you're ready to take the next step.
Let's now take a look at why it is so critical to have the
correct mortgage in place to suit your needs.
Planning Is One Of The Key Principles To Your Success
You will have noticed that banks and non-conforming lenders are
now recommending many different options for you to look at. With
the right type of loan that best suits your situation, paying
off your mortgage or at least reducing its balance and being
able to tap in to the equity you have created in your home will
be exciting.
The old P&I Loan, with your bank automatically debiting your
bank account is now the old fashioned way of having a mortgage.
In contrast, even though a Home Equity Loan or the type of
Interest Saver/Offset Account that may be recommended, you will
have the power to choose the mortgage that best suits your
needs. You must have the right tools to help you stay on track.
Therefore, we strongly suggest to anyone contemplating taking
out such loans that they do not do so before speaking with a
Mortgage Professional that can clearly look at your income and
expenses so that an achievable plan can be put into place.
A Home Equity Loan acts as a day-to-day transaction account as
well as a home loan and you can redraw funds right up to the
original amount. Therefore, the most important aspect of
successfully using it to pay off your home or investment loan
quicker is to manage it properly.
That is, you need the right tools to effectively keep track of
money going in and coming out of the account because from now
on, every dollar you deposit and every dollar you withdraw from
your home loan will have a direct impact on how long it takes
you to pay it off.
We cannot emphasis enough the importance of this and we will go
as far as to say:
WARNING
DO NOT refinance to, or use a Home Equity Loan without having an
accredited Mortgage Professional show you the correct tools to
manage this new type of product.
Using a Home Equity Loan without these things is like trying to
drive to a foreign destination without a map and being
blindfolded at the same time. You will never know where you are,
or where you are going.
This warning is not as critical for those using an Interest
Saver/Offset Account because the worst you can do with this type
of loan is pay it off in the contracted term - usually 25 years.
Where Can You Get A Plan?
We think the best option is to go to our website Online Mortgage and
complete the simple request form and a Mortgage Professional
will be in touch with you shortly.
How Our Service Helps You Stay On Track With Your Mortgage Plans
We bet that like most Australians, whenever you spend your hard
earned cash right now, you probably have no way of assessing how
each expense affects your financial situation in the future,
especially in relation to paying off your mortgage.
However, by using the right mortgage, you will be able to see a
direct relationship between the income you receive and the money
you spend on the overall term of your mortgage.
For example, it's important that you know the different effect
depositing or withdrawing lump sum amounts will have on your
mortgage. We all know rates haven't moved for many months, but
it's always good to have a look at how a rate movement might
affect you.
By using a Mortgage Professional, you will be able to accurately
calculate some scenarios that will have an effect on the overall
term of your home loan or investment loan.
Using a mortgage professional gives you instant feedback about
the effect that your spending habits will have on the overall
term of your home loan.
By using a Mortgage Professional you can learn more about an
Interest Saver/Offset Accounts and new product releases. For
example the growth of Low Doc loans for the self employed.
The principle of debt reduction remains exactly the same as
described throughout life. This means that you can now be in
control of how long you take to pay off your home loan - and not
your bank.
HOT TIP FROM A MORTGAGE PROFESSIONAL
Remember that an Interest Saver/Offset Account is unlike a Home
Equity Loan or a Redraw Account.
That is, if you want to have money to spend for lump sum
expenses in the future (e.g. holidays, renovations, etc.), you
will need to ensure that you have these funds sitting in your
Interest Saver/Offset Account until you need them. If you
transfer these funds into your home loan, then it will most
likely be considered a lump sum repayment by your lender and
your money will then be locked into the loan. If you then want
to get the funds back out, you will most likely have to pay a
refinance fee.
"Most people do not differentiate between responsibility and
guilt. You have to understand the difference. Take on
responsibility, not guilt."
- Dan Kennedy -
Mortgage Professional Summary
The SECRET to successfully achieving any goal in life is to make
certain that you have a plan and stick to it.
We have observed many people rushing off and refinancing to a
new home loan without first having these things in place. Then,
six months later, they still owed the bank the same amount of
money they started with. This was especially true for those
using a Home Equity Loan without a plan and the right tools.
This is not the fault of the bank, the loan or our system. It is
simply a case of people not willing to take responsibility to
prepare themselves properly.
Therefore, our professional recommendation is: DO NOT DO
ANYTHING BEFORE YOU SPEAK WITH AN Online Mortgage
Professional.
This is extremely important and it's why we encourage you to
have a very precise plan and the proper tools to help you stay
on track.