Mortgage Design

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Uncover The Secrets To Getting The Best Mortgage Deals

Securing a mortgage can be a complex and intricate process, often made challenging by the maze of terms, options, and hidden fees. Whether you are a first time homebuyer or looking to refinance, finding the best mortgage deal is more than just looking for lower interest rates. while lower interest rates might appear like the ultimate goal, it is often not the only factor to secure a  mortgage win.  
Our experts at MortgageDesign have revealed secrets to secure a lucrative mortgage deal.

Beware of Lower Interest Rates

While lower interest rates might catch your attention, it is essential to view them within the broader context of your mortgage deal. Mortgages come bundled with a range of fees that can offset the benefits of a seemingly attractive interest rate. Loan valuation fees, lender’s mortgage insurance, exit fees, and administration charges can all contribute to the overall cost of your mortgage. A principle to remember is that when dealing with a larger mortgage, focus on lower interest rates, while for smaller mortgages, keep an eye on minimising fees.

Strategic Loan Splitting

Consider the power of diversification in your mortgage strategy. Splitting your loans across multiple banks can unlock better deals, increased cashbacks, and lower interest rates. Imagine you have a $500,000 mortgage. Instead of placing all your bets on one lender, consider splitting your mortgage between two banks, allocating $250,000 to each. Now, let’s say Bank A offers an interest rate of 2.5%, while Bank B offers 2.7%. By diversifying your loans, you’d enjoy the benefit of both rates, resulting in a weighted average rate lower than either individual rate. The experienced team at MortgageDesign stays informed about the dynamic market trends and can recommend a combination of banks that align with your specific needs. This approach not only optimises your mortgage terms but also maximises your financial benefits.

Comparative Analysis for Optimal Savings

The hustle and bustle of daily life often deter homeowners from seeking multiple deals across various banks. However, the practice of comparing offerings from different banks can lead to substantial savings. Even a marginal difference, such as 0.1% in interest rates, can translate into hundreds or thousands of dollars in savings over time. Consider John and Sarah’s experience. By leveraging this competition, we negotiated a 0.15% reduction in their interest rate. Now, let’s do the math: On a $300,000 mortgage over 25 years, this seemingly modest reduction amounts to nearly $10,000 in savings. MortgageDesign’s team excels at the meticulous task of comparing diverse deals from multiple lenders, ensuring you secure the most advantageous offer.

Thinking beyond immediate gains

The mortgage you secure today shapes your financial landscape for years to come. Rather than solely focusing on immediate gains, consider the long-term implications of your mortgage choice. Interest rates, your personal circumstances, and market dynamics can change. Let’s say interest rates drop after a couple of years. With a variable rate mortgage, your rate could adjust to these lower rates, potentially saving you thousands. MortgageDesign advises clients to adopt a forward-thinking approach, accounting for potential changes in the years ahead and ensuring your mortgage remains suitable throughout your journey.

The Power of a Hefty Deposit

A larger deposit is not just a testament to your financial stability; it can also open the door to better mortgage deals. The Loan-to-Value (LVR) ratio, calculated by dividing the loan amount by the property’s value, determines the risk associated with your mortgage. A lower LVR often results in better interest rates and reduced monthly payments. By putting down a substantial deposit, you enhance your mortgage eligibility and secure more favourable terms.

The Expert Advantage

Navigating the intricacies of mortgage deals can be overwhelming, even with the plethora of information available online. Here’s where the expertise of a seasoned mortgage broker shines. Mortgage brokers usually have better and larger access to lenders than you do, which is why they can help you save lots of time, money & energy.

Mortgage decisions are pivotal moments in your financial journey, and uncovering the best mortgage deals requires a holistic approach that extends beyond the allure of low interest rates. MortgageDesign stands as your reliable partner, revealing the hidden intricacies and guiding you toward deals that align with your unique financial circumstances and aspirations.

Remember, it is not just about securing a mortgage; it is about securing the right mortgage for your future. By embracing expert advice, understanding the broader implications of your choices, and leveraging the benefits of loan diversification and strategic deposits, you will bewell on your way to a mortgage deal that not only suits your immediate needs but sets the stage for a more prosperous financial tomorrow.


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We take into account your long-term financial goals, turning our focus to ensure that your mortgage structure is well-suited to enable your property portfolio to perform.