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

1000 loan no credit check-Obtain small fund to overcome financial difficulties
Published by Adam Felix on November 28th 2011 | Loans
In order to fulfill your personal small needs of money, you can apply for 1000 loan no credit check ...
 
Emergency payday loan- It works perfectly for needy
Published by Georgia Bart on March 15th 2012 | Loans
Take instant cash for up to $1500 with the aid of emergency payday loan in order to fight against an...
 
Instant small phone loan- Small fund but highly useful for borrowers
Published by Elbert Jthen on April 24th 2012 | Loans
Nowadays, Instant small phone loan is considered to be the best reliever of financial stress for peo...
 
Installment loans- Get installment loan with in few hours
Published by Thomas Parker on January 4th 2012 | Loans
Payday loans with installment traditional type of borrowing money and this help you a lot when you a...
 
Check into cash payday loans- the best loan deal for tough times
Published by Riyt Leson on July 24th 2012 | Loans
By taking quick funds via check into cash payday loans, you can easily get rid of any kind of financ...
 
No direct deposit payday loan-Solve financial problems with ease
Published by Abell Bush on March 29th 2012 | Loans
With the assistance of no direct deposit payday loan, you can obtain funds up to $1500 to surmount f...
 
Emergency cash loan bad credit- Cover up unexpected fiscal worries
Published by Thomas Symends on July 23rd 2012 | Loans
By availing quick sum of money via emergency cash loan bad credit, you can get rid of unexpected fis...
 
Know about to applying online secured loan
Published by Ian Foster on December 16th 2011 | Loans
Secured loan is the non recourse loan where the security is one and only safety credit and beside th...
 
10 dollar payday loan- Fastest way to avail small cash
Published by Addison Maddy on June 16th 2012 | Loans
10 dollar payday loan is actually a small cash loan especially crafted for everyone who wants to bor...
 
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...
 
Signature loans no credit check- Perfect loan for bad credit people
Published by Baldwin Will on July 19th 2012 | Loans
If you are getting quick funds via signature loans no credit check, you can easily meet unexpected f...
 
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...
 
6 month loan: Lucrative Financial Option
Published by Daren Rely on June 23rd 2012 | Loans
6 month loan is the best fiscal aid for people in cash shortage by every now and then as they can qu...
 
Direct Deposit Loans-Very valuable loan to meet cash crisis
Published by Rex Moshe on December 12th 2011 | Loans
For getting rid of any financial issues, you need to apply for direct deposit loans with simple onli...
 
Military payday loans no credit check- Right form of loan for military people
Published by Jon Kohli on May 28th 2012 | Loans
With the help of military payday loans no credit check, it is possible for you to arrange financial ...
 
Secure payday loans- Something very special loan to overcome fiscal woes
Published by Richard Abbe on January 4th 2012 | Loans
With the assistance of secure payday loans, it is quite possible for you to overcome cash hurdles wi...
 
500 cash payday loan- Acquire quick money for up to 500 dollars
Published by Georgia Bart on July 6th 2012 | Loans
By availing 500 cash payday loan, you have the right option to meet cash worries with ease....
 
Quick Loans No Credit Check- Get loan with your unfavorable credit profile
Published by Freedy Cort on December 6th 2011 | Loans
Under Quick Loans No Credit Check scheme, you will get sufficient amount of fund to overcome short-t...
 
30 day loan- Ultimate fiscal solution to meet cash crisis
Published by David Hassia on June 19th 2012 | Loans
If you are availing instant funds via 30 day loan, you have the right option to overcome fiscal worr...
 
Paycheck today- Fast cash loan available online to help borrowers
Published by Abnir Bond on May 15th 2012 | Loans
Paycheck today is a fast cash support available online. With the loan, you can manage monthly financ...