Author: MAXISLoans
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The Role of a Mortgage Broker: Should You Use One?
When it comes to purchasing a home, one of the most important steps is securing a mortgage. For many people, navigating the complex world of mortgages can be overwhelming and confusing. This is where a mortgage broker comes in. A mortgage broker is a professional who acts as an intermediary between borrowers and lenders, helping…
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Understanding Loan-to-Value Ratio (LVR) and Why It Matters
Understanding Loan-to-Value Ratio (LVR) and Why It Matters Introduction When it comes to borrowing money for a home purchase or refinancing a mortgage, one of the key factors that lenders consider is the Loan-to-Value Ratio (LVR). This ratio plays a crucial role in determining the risk associated with a loan and can have a significant…
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What Is a Redraw Facility and How Can It Benefit Your Mortgage?
A redraw facility is a feature offered by many mortgage lenders that allows borrowers to make additional repayments on their home loan and then access those funds later if needed. This type of facility can provide flexibility and potential cost savings for homeowners. In this article, we will explore what a redraw facility is, how…