Interest rates are officially now going to be ridiculously low!Let us know if you would like (complimentary) help with researching, structuring and applying for the most appropriate and cost-effective mortgages available!MichaelEngage Financial Servicesph: 1300****05email: i****@enga****.au
Michael, I didn't know the 'home loan portability' term. Thanks for sharing this. My lender at ANZ didn't even mention this.Pam, do check with the banks or mortgage brokers and negotiate best rates. Property search process is less daunting than home loan process I tell ya. All the best!
Thank you Michael. I will check with my lender and might talk to you soon based on the outcome.
Hi Pamela.I think what you are referring to there is 'home loan portability' and it's not a feature that all lenders offer or offer without a reasonably significant charge as the loan is using your property as security.This will depend on your lender and likely require a change of title with both the lender and the respective govt entity in your state which holds registration of the title. So you need to weigh up the costs of this option vs taking out a new home loan.As mortgage brokers we are happy to have a look at your specific scenario at no cost to give you advice around how to proceed and at no cost or obligation.Michael Engage Financial Servicesph: 1300****05email: i****@enga****.au
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Christian
Hi Pam, I think what you are referring to there is ‘home loan portability’ If you have this option depends on your lender and will also likely require a change of title with both the lender and the respective govt entity in your state which holds registration of the title. So you need to weigh up the costs of this option vs taking out a new home loan.We are happy to have a look at your specific scenario at no cost to give you advice around how to proceed and at no cost or obligation.Let me know. I can be contacted on 04****44 or 6297 1696Thanks,Christian