The Financial Network

Month: May 2024

Look Beyond The First 2 Years of Rates – if you want to get the Best Loan Package

When refinancing your mortgage, banks often offer competitive rates and other benefits that differ from one another. These may include free conversion to another package within the same bank, waiver for early redemption penalty upon sale of property, and cash rewards. As such, it is rare to be able to compare on an apple-to-apple basis. …

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Are Interest Offset Mortgage Accounts Relevant?

When choosing a bank for a mortgage loan, you might come across banks offering you an Interest Offset Mortgage Account, designed to help mitigate mortgage interest costs for borrowers with significant idle funds lying around.  So how do these Interest Offset Mortgage Accounts work? These accounts pay interest rates similar to the mortgage loan package …

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