Mortgage Insurance goes by many names around the world, from Private Mortgage Insurance (PMI), Lenders Mortgage Insurance (LMI) to Mortgage Indemnity Guarantee (MIG) it is an insurance policy that protects the lender of the money (ie. not you!) in the event you default on the loan or stop paying.
Mortgage Brokers are very common here in Australia and throughout the world. They help people that are looking for a loan to find the best one for their personal situation. At least that’s what they should be doing anyway. Unfortunately life isn’t always roses and fairy tales, especially where huge sums of money are involved so today we’re going to dig deep into the world of Mortgage Brokers.
A very common issue many have with paying off their mortgage is a big mental barrier that blocks their way. This is highly damaging as it stops you from killing that mortgage and getting ahead in life! So today we take a quick look at it and define a super simple, two step process to get around it and kill that mortgage.
After looking into some of the mortgage mistakes first home buyers make when buying their first home last week I thought I’d dig even further. So this week we’re going through some of the biggest, most colossal mortgage mistakes to avoid for all people when getting a mortgage.
Shopping for your first home is exciting, exhausting, challenging and scary all at the same time. In this piece we cover a few first steps that you have to take to avoid costly mistakes and regrets in the future.
On MTM we’re all keenly aware that paying off your mortgage fast is a huge life win… but many people out there just go with the “default big bank mortgage rate” and throw away thousands over the years as they pay more interest than they should. So today we’re going to show you what to look out for when shopping and how to compare mortgage interest rates properly once and for all.