LOAN CALCULATORS & TOOLS
A mortgage is a lien (security) on a property that secures a loan and is paid in instalments over a set period of time. The mortgage secures your promise that you'll repay the money you have borrowed to purchase your home or investment property. There are many different mortgage loan options, each with their own benefits and disadvantages. Make sure you select the mortgage that is right for you, your future plans, and your current financial situation.
Responsibilities that come with a mortgage
Buying a home is a major step and assuming a mortgage for that home is very exciting, but also a big responsibility. You don't need to be stressed about taking on this type of financial commitment, but this is a long term commitment; to know if you are ready ask yourself:
- Can you comfortably make the monthly mortgage payment for the loan? (Check out our Borrowing Power Calculator)
- Do you have a confident outlook with regard to your financial situation? (eg. Your job security, health)
- Are you ready to take on a long-term financial debt which may affect your current lifestyle?
- Are you aware of what happens if you can't meet the repayments on your loan?
If you are confident that you can say yes to these questions, then you're ready to become a home owner and enjoy all the benefits of being one!
Take the time before buying a home to make sure you know your borrowing capacity, what your upfront costs and ongoing payments will be. We will ensure you make the best choice and get the right loan when purchasing your home or investment property, with the best interest rate, flexibility and features you need.
With over 650 different loan products in the market from all lenders, it can be a daunting time to go shopping for a home loan if you are doing it yourself or don't know what to look for. The benefits of why you should use a professional Time Finance Mortgage Broker are guaranteed.
It's not time that goes by, time is constant, we go by.
What is a Mortgage?
- Mortgage allows you to buy property
- Lenders provide the funds to buy
- Pay off over long term of 25-30 years
- Know when you are ready for a loan
- Use calculators to estimate repayments
- Work out what flexibility you need
- Call us to get started
Have a professional Time Finance mortgage broker contact you to get your loan requirements arranged on a no charge, no obligation basis.
Call 1300 833 839 or enquire online ›››
