Fox Home Loans

著者: Fox Home Loans
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  • About Fox Home Loans

    Fox Home Loans is an Australian company that has been helping our customers find the very best home loans since 2006.

    Our mission is to help borrowers navigate the minefield of different lender requirements to find the home loan that is perfect for them and their family.

    Our approved panel includes only the most reputable home loan lenders and banks who are regularly reviewed by our team for rates and pricing of fees, features and service to ensure they have best offering in the market.

    Our friendly home loan specialists use their experience and knowledge to fight for you, getting you the best possible deal on the home loan market today.

    We Make Saving Money On Your Home Loan Easy

    Our experienced home loan specialists are here find you the best value loan from our panel of banks and lenders, saving you time, hassle and stress.

    Copyright 2024 Fox Home Loans
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あらすじ・解説

About Fox Home Loans

Fox Home Loans is an Australian company that has been helping our customers find the very best home loans since 2006.

Our mission is to help borrowers navigate the minefield of different lender requirements to find the home loan that is perfect for them and their family.

Our approved panel includes only the most reputable home loan lenders and banks who are regularly reviewed by our team for rates and pricing of fees, features and service to ensure they have best offering in the market.

Our friendly home loan specialists use their experience and knowledge to fight for you, getting you the best possible deal on the home loan market today.

We Make Saving Money On Your Home Loan Easy

Our experienced home loan specialists are here find you the best value loan from our panel of banks and lenders, saving you time, hassle and stress.

Copyright 2024 Fox Home Loans
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  • 7 lesser-known homeownership costs explained
    2024/10/30

    7 lesser-known homeownership costs explained


    You’ve done your sums, prepared your deposit, and completed a mortgage calculation. You know how much you can borrow, how much you’ll pay, and what will be left over for furniture, renovations, and a big blow-out house party.

    The only thing left to do is make an offer and get your home, right? Not quite, as those home ownership costs are probably a lot steeper than you realise.

    In this blog, we’ll look at 7 lesser-known homeowner costs, helping you to prepare for your big purchase.

    Mortgage Payment: Beyond Principal and Interest

    Before we look at the home ownership costs that you aren’t expecting, let’s address the one that you are: the mortgage payment.

    Every month, fortnight, or week, you make an agreed-upon mortgage payment with your lender. The payment constitutes the interest and the principal—interest-only mortgages are also available but principal and interest loans are more common.

    The “principal” goes toward clearing the balance while the “interest” is what the bank charges to provide the loan.

    Let’s assume that you have a $500,000 mortgage with a 5.5% interest rate and a 25-year term. Your repayments will be $3,070 a month and over the course of the 25 years, you’ll repay $921,131, $421,131 of which is interest. It sounds like a huge sum considering the relatively low-interest rate, but that’s because the 5.5% is charged annually, and 25 years is a long time.

    To reduce the repayments and total interest, you can reduce the loan term or increase the monthly payment. Every month that you make a full repayment, you’re meeting your interest obligations. If you overpay anything, all the additional cash will go toward your principal.

    In this case, an extra payment of just $100 a month will save you $31,537 in total interest. Increase it to $500 and you’ll save nearly $120,000.

    Now that we’ve discussed the often-unexpected cost of interest, let’s address some other costs you might now know about.

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    10 分
  • 5 Reasons to Work with a Local Sunshine Coast Mortgage Broker
    2024/09/29

    5 Reasons to Work with a Local Sunshine Coast Mortgage Broker


    In the fast-paced and constantly changing financial & real estate market, securing a mortgage can feel like an overwhelming task. Gone are the days of being able to walk into your local bank branch to apply for a home loan and walking out with an approval no questions asked.

    With more options and choices available than ever before, but seemingly less support and understanding from finance providers around your own individual circumstances and needs, it’s no wonder people are struggling to figure out where to even start when looking at home finance.

    What if there was a way to make this process smoother, more efficient, and tailored to your specific needs?

    That’s where Fox Home Loans, your local Sunshine Coast mortgage brokers come in! We are your local experts in all things home finance, with the insights and connections that can turn your home-buying journey into a seamless experience from start to finish. Discover the distinct advantages of choosing a Sunshine Coast Mortgage Broker like us and why local knowledge truly matters.

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    13 分
  • Overcoming Home Loan Challenges When Self-Employed: Your Comprehensive Guide
    2024/08/24

    Overcoming Home Loan Challenges When Self-Employed: Your Comprehensive Guide


    If you’re self-employed and searching for home finance, navigating the mortgage process can be stressful. Traditional lenders can take a more complicated view of self-employed applicants, which can lead to the process becoming challenging and sometimes discouraging. Let’s get into some of the common challenges self-employed individuals can face, as well as the solutions available to you that we can help you leverage, to make your home finance experience as easy and enjoyable as possible!

    Common Pain Points for Self-Employed Home Owners & BuyersDifficulty Proving Income Stability

    Does your income and cash flow fluctuate throughout the year, making it difficult to show steady income through traditional means? You’re not alone! This variability can often make financing through traditional banks and their products complicated due to their stricter policies around income verification.

    However, some banks and lenders have specific products for business owners that consider variability in income and make this process much smoother by utilising a commonsense approach in their assessment.


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    11 分

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