Given that
the most talked about topic when it comes to home loans are interest rates,
it's not surprising that getting the best rate often becomes the sole focus of
home buyers and investors.
Especially
today where interest rates are rising from their historic lows.
But what
might seem like a good deal can often come with strings attached in the form of
higher fees and ongoing costs or less flexibility.
Then of
course there are low honeymoon rates that some banks offer, which roll over
after a year or two and start to look a lot less attractive.
Get it right
Avoid the
temptation of a lower headline rate by working out exactly what you need from a
finance product and the features that will best suit your requirements now and
in the future.
If you're a
home buyer, you might want some of the bells and whistles to help with your
day-to-day finances, such as credit cards attached to your mortgage account.
As an
investor, you'll need flexibility when it comes to refinancing in order to add
to your portfolio and the potential benefits of extras such as Line of Credit
facilities.
It's all
about planning a sound, overall financial strategy.
RealRenta has all the tools that a property manager has but for
less than ¼ the cost of a property manager.
Join now and the cost is less than a cup of coffee a week to manage your
rental property
RealRenta also has a free vision, so why not check it out
Jason Gwerder
Tuesday, 16 August 2022
