Article Side

Online Article Directory!

Hello Guest! Login or Register to submit articles!

Some Facts about Websites that Offer Home Loans Australia

By Crowin Smith Subscribe to RSS | February 14th 2012 | Views:
loading
 
  



The World Wide Web has revolutionized the way most people find and apply for home loans today. Mortgage websites have definitely made it possible for consumers to easily locate and compare home loans without people having to leave the comforts of their homes. However, the ease of access to information has also made it easier to disseminate false and misleading advertisements.

A lot of websites are very promising when it comes to spreading information while some try to deliberately mislead people for the sake of profit. Take note of these things when using websites to buy home loans Australia.

Independence Claims. A lot of mortgage websites are claiming to be independent, which in theory means they would have no financial interest whatsoever on the home loan product that they offer and sell to you. However, the truth is that a lot of mortgage websites tend to receive commissions directly from the lenders they endorse. Try visiting forums and reading reviews to gauge whether a certain website could be trusted or not.

Updated Interest Rate. Once the official interest rates change, mortgage comparison websites are automatically notified and are expected to adjust their base and comparison rates for all their mortgage products. However, there are some mortgage websites that still feature out-dated interest rates.

Mortgage Calculator. Mortgage calculators are one of the most popular features of mortgage websites. As a matter of fact, a mortgage calculator is a very useful piece of software that enables consumers to speed up the process of comparing loans. But how do you know if the mortgage calculator you are using does not favour any specific lender? We know for a fact that mortgage websites receive commissions from lenders. That is why the best thing to do is look for independent websites that offer independent mortgage calculators. It would also help to use different mortgage calculators from different websites when comparing home loans.

Affordable Rate Guarantees. Perhaps the best strategy to get customers is to offer the lowest, most affordable rate possible. A lot of mortgage web sites specifically do this to attract site visitors and potential customers. There are also those who make cash back guarantees, which when it comes to the fine print, are basically useless and irrelevant.

Bait and Switch Loans. One popular tactic mortgage brokers use is the bait and switch. They attract borrowers by offering low interest rates. Once consumers take the bait, the low rate offer mysteriously becomes “unavailable”. The broker then implements the switch tactic by offering a different mortgage loan package that come with higher mortgage rates compared to the one advertised.

Featured Listings. After you provide a bit of information, mortgage websites promise to show you a list of the best home loans Australia. However, the exact way deals are ranked would sometimes depend on the lender who pays the most commission.

Crowin Smith - About Author:
For more information regarding Home Loans Australia, Please visit Cashbackmortgage.com.au

Share on Facebook Tweet It Stumbleupon this post This post is delicious !

Article Source:
http://www.articleside.com/loans-articles/some-facts-about-websites-that-offer-home-loans-australia.htm

Related Loans Articles Subscribe to RSS

Getting a small business loan, quick and easy
Published by Mathias Scott on March 7th 2012 | Loans
There are times when every business owner finds themselves in a sudden bind when it comes to finance...
 
Cash now no credit check- Amongst the best loan offers available now!
Published by Freedy Cort on January 5th 2012 | Loans
With the aid of cash now no credit check scheme, it is possible for you to overcome short-term needs...
 
Signature loan no credit check- Overcome any financial crisis now!
Published by John Simen on April 23rd 2012 | Loans
No doubt, signature loan no credit check is so valuable for bad credit people who is resident of US....
 
2000 dollar loan- Truly valuable fund that will help your fiscal problems
Published by Kelin Smith on June 6th 2012 | Loans
Once you avail 2000 dollar loan, it is quite flexible for you to obtain quick funds and overcome any...
 
Get a loan now- Easy Loans for Those with Poor Credit Score
Published by Ryan Harten on February 27th 2012 | Loans
Get a loan now provides you with a safe route to end the financial crises in your life. Easy applica...
 
1500 cash- Wonderful loan to help borrowers
Published by Malen Cheks on April 9th 2012 | Loans
If you have obtained instant cash up to $1500 through 1500 cash, you will achieve fiscal emergencies...
 
Instant cash loans Australia - Easy loan before your next payday
Published by Taren Bush on July 16th 2012 | Loans
If you are Australian, it is better for you to avail instant cash loans Australia whenever you are i...
 
I need a 6 month loan - Quick fiscal aid for your monetary needs!
Published by Aldis Roy on April 25th 2012 | Loans
With the assistance of 6 month loan, it is quite essential for you to fulfill any credit worries wit...
 
Small loans- Convenient loan to meet financial needs
Published by Smith Hennry on January 20th 2012 | Loans
By availing small loans, it is possible for you to fulfill your personal financial needs. These loan...
 
Things to consider while applying for a car loan
Published by Axisbank on February 23rd 2012 | Loans
A car loan is the ultimate financial tool that enables you in getting hold of the car of your dreams...
 
Fast cash now today - Get the series of benefits from this loan!
Published by Thoms Stuart on May 8th 2012 | Loans
By availing quick cash via fast cash now today, you can meet any unexpected financial crisis with ea...
 
No telecheck payday loans- Cash advance loan for you!
Published by Johnty Bert on July 13th 2012 | Loans
By availing quick cash via no telecheck payday loans, you have option to meet unexpected fiscal need...
 
Mobile loan- Very convenient to grab quick funds
Published by Alesia Ace on January 19th 2012 | Loans
With the aid of mobile loan, it is quite easy for you to gain quick funds up to $1500 in order to ov...
 
Reduce your installments with debt consolidation loan
Published by Eric Brown on December 1st 2011 | Loans
100% acceptance. No broker fee. Bad credit or good credit, you will find a loan that will suit your ...
 
Payday loans services- Quick and easy loan service available online
Published by Adam Felix on July 18th 2012 | Loans
Nowadays, many types of payday loans services are offered to help your financial needs. So, never mi...
 
Getting a quick and helpful payday loan
Published by Payday Loan on April 11th 2012 | Loans
If you wish to be aided by the payday loans, take the help of Payday Advance for complete assistanc...
 
100 payday loan- Small cash support but very valuable for all
Published by Micles Jonson on May 9th 2012 | Loans
By availing quick cash via 100 payday loan, you can overcome unexpected financial crisis with ease....
 
1000 loan no credit check- Grab small funds within few hours
Published by Adam Felix on June 23rd 2012 | Loans
If you have fiscal crunch, you don’t need to waste time and avail 1000 loan no credit check in ord...
 
90 day installment loans bad credit- Batter loan option for you!
Published by Galvin Colton on June 26th 2012 | Loans
By 90 day installment loans bad credit scheme, you will obtain instant funds up to $1500. So, you ca...
 
Hard Money Loan No Teletrack- Grab loan with no credit checking
Published by Gorgie Nork on January 9th 2012 | Finance
Hard Money Loan No Teletrack can be availed with the aid of simple online process. This loan is usef...