Mortgage Brokers Brighton | Home Loans Brighton
Property in Brighton | Home Loans
The whole family will love living in Brighton. Being the perfect spot on the coast, with big sandy beaches, a long jetty and plenty of ice cream shops, who wouldn't enjoy spending their days here? Plus, it offers some of the best walking and riding paths for those who love an afternoon stroll along the esplanade.
The median house price in Brighton is $1,060,000 and $490,000 for units which is important to know if you're planning on purchasing a property in this area.
If you would like to understand how much you can borrow for your new property, then get in contact with the team from Mortgage Choice Brighton, to discuss your capacity.
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Mortgage Brokers in Brighton
Do you know when to get a variable rate, when to choose a fixed rate and when you should split your loan?
There are pros and cons to each and it’s best to get expert advice as to which one will suit you best.
As your mortgage brokers in Brighton, we can help you choose the right rate structure depending on your financial situation and your future plans.
Variable interest rates
The benefit of a variable interest rate is that you can benefit when the RBA or your lender drops interest rates. Conversely, if rates rise, your home loan interest rate may rise.
Fixed interest rates
On the other hand, fixed interest rates come with a set interest rate for a set period of time, which means you have the certainty of knowing what your monthly repayments will be for the duration of the fixed period. For example, you may decide to fix your home loan at 2.99% for 3 years.
The good thing is, that you can get the best of both worlds by splitting your loan into a fixed and a variable portion. This means you can fix part of your loan and enjoy repayment certainty and also benefit from rate drops.
To learn more about home loan interest rates, get in touch with our team of mortgage brokers this week.
If you're ready to speak with a mortgage broker who can help, then get in touch with our team.
We can also help you with:
- Mortgage Brokers Glenelg South
- First home buyers
- Next home finance
- Refinancing existing home loans
- Investment property loans
- Debt consolidation
