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

15 day payday loans- Perfect choice of short-term loan
Published by Norwick Kerry on December 19th 2011 | Loans
For those borrowers who want short-term loan, 15 day payday loans are the best option for them....
 
Instant loan- Financial solution to meet unexpected cash crisis
Published by Aden Jon on June 12th 2012 | Loans
Get quick cash via instant loan in order to combat against unexpected financial hurdles now!...
 
American payday loans- Attractive loan to meet cash emergencies
Published by Adam Felix on July 24th 2012 | Loans
If you are borrowing quick funds via American payday loans, you can easily meet cash emergencies. It...
 
Online fast cash loan bad credit - Urgent cash crisis can be tackled
Published by Thoms Stuart on May 26th 2012 | Loans
Now, take online process to apply online fast cash loan bad credit scheme in order to fulfill your f...
 
Instant loans no credit check- Apply loan and grab quick cash today!
Published by Gorgie Nork on May 23rd 2012 | Loans
By getting instant loans no credit check, it is sure that you will get instant funds up to $1500. Th...
 
Find out as much as you can about used car extended warranty and Aussie car loan
Published by Julia Bennet on June 15th 2012 | Loans
The concept of used car extended warranty can be a rip off you are not careful. Even when you deal w...
 
Same day loans- Quickest loan available in the financial market!
Published by Dalton Erwin on March 28th 2012 | Loans
If you are Australian and want to avail instant money, you can now apply for same day loans to get q...
 
1000 cash loan- Bridge financial gaps between paydays
Published by Morgan Sadyu on June 11th 2012 | Loans
In fact, 1000 cash loan is a great small financial plan especially designed to help salaried persons...
 
90 day loan no credit check- Perfect cash help for bad creditors
Published by Alesia Ace on April 3rd 2012 | Loans
If you want to fight any unexpected financial needs then you can now apply for 90 day loan no credit...
 
Things you must know about car loan
Published by Axisbank on May 23rd 2012 | Loans
Not many will say that a prudent and wise way to start the important Endeavour of buying your dream ...
 
500 cash payday loan- Small loan available online
Published by Georgia Bart on June 13th 2012 | Loans
By availing 500 cash payday loan, you will get instant funds of 500 dollar before you got next month...
 
I need a 2000 dollar loan- Grab quick cash up to $2000
Published by Kelin Smith on July 2nd 2012 | Loans
By getting 2000 dollar loan, you could easily achieve financial trauma without any hassle....
 
Advance cash loans- Small cash loan available online
Published by Rex Moshe on April 4th 2012 | Loans
By getting quick cash via advance cash loans, you have option to fulfill immediate financial needs....
 
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...
 
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...
 
Most excellent home mortgage calculator plus home buying tips
Published by Andrew Watson on December 30th 2011 | Finance
For a number of people it certainly is very much common to look around for best mortgage calculator....
 
British gas will make customers home green
Published by Ross Sorin on February 28th 2012 | Finance
After the failure of Britain’s housing stock, the government is all set with a new deal claiming t...
 
One month loan: Better Financial Assistance
Published by Kelse Roy on July 2nd 2012 | Loans
If your problems are increasing too high and you want to sort them out, you can go with one month lo...
 
Debit Card Loans- Ideal choice of loan to fight cash emergencies
Published by Kelvin Lopez on June 29th 2012 | Loans
If you are taking quick funds via Debit Card Loans, you can instantly relieve unexpected fiscal worr...
 
Holiday payday loan- Enjoy each and every moment of holiday trip
Published by Kelin Smith on May 15th 2012 | Loans
With the aid of holiday payday loan, you can enjoy happy journey with awesome moments with your fami...