NSW Mortgage Corp Blog

Tag: Second Mortgage

First Home Super Saver NSW
Financial Tips

How to Apply for First Home Super Saver NSW (FHSS)

If you’re a home buyer for the first time, you may qualify for first home super saver NSW. It is government assistance amounting to $15,000 grant for new homes as long as the purchase price does not exceed $650,000.

Top Mortgage Refinance Mistakes to Avoid
Financial Tips

Top Mortgage Refinance Mistakes to Avoid

Mortgage refinance is a strategy, and must not be taken lightly. Why do you want to refinance your home? It is important to list all your reasons before you take the plunge. If you want to lower your payment, then think about ways on how you can lower it.

Hidden Downside of Second Mortgages
Financial Tips

Hidden Downside of Second Mortgages

A second mortgage is also tax-deductible.  It has a simple and fast loan approval-which can be as fast as 24 hours or less. If you want to find some extra cash, get a second mortgage to tap into your home’s value. The amount of loan depends on the amount of ownership or “equity” you built up on your property over the years.

Benefits of a Second Mortgage for Single Parents
Financial Tips

Benefits of a Second Mortgage for Single Parents

Keeping your finances under control doesn’t mean denying your children a comfortable life. It is just a matter of budgeting and sticking to it.  The benefits of second mortgage is truly undeniable, it gets you out of a financial mess and helps you put your finances in order.

Second Mortgages Tips: How to Get Out Of the Credit Card Debt Rut
Loans

How to Get Out Of the Credit Card Debt Rut

If you want to get out of credit card debt, second mortgages can be your best option. Sometimes credit cards can put you in a financial situation that makes you miserable more often than it makes you financially secure.

The Risks of Getting a Second Mortgage
Credit Score

The Risks of Getting a Second Mortgage

In this article, we will discuss the risks of getting a second mortgage. We will present some examples from which you may learn a thing or two and decide whether it is beneficial to get a second mortgage or not.

The Risks And Benefits Of Applying For A Second Mortgage
Mortgage

The Risks and Benefits of Applying for a Second Mortgage

It is always advised to do plenty of research before applying for a loan. It’s important to understand all the responsibilities it comes with. A second mortgage comes indeed with certain risks, but it does have several benefits as well.

Is a Second Mortgage Better Than a Business Loan?
Business Loans

Is a Second Mortgage Better Than a Business Loan?

There’s nothing wrong in shopping around and getting quotes from different sources. But, be sure that you are only making a no-credit-check inquiry. Otherwise, your future lenders will notice them on your credit file. They may interpret it as a desperate attempt to get as many loans as possible.

When Is The Right Time To Refinance?
Loans

When Is The Right Time To Refinance?

When you refinance a loan, you usually have to extend the loan period. While the mortgage interest rates of the new loan are lower; it means that you are also putting your home’s value at some else’s hand.

Switching Your Mortgage to Another Bank
Mortgage

What Are the Hidden Costs of Switching Your Mortgage to Another Bank?

Moving your mortgage isn’t easy, and it doesn’t come cheap. But, if the financial advantages of the new lender outweigh the taxes you had to pay for your old loan, then go for it. Companies like us NSW Mortgage Corp have very convenient rates for the average Aussie, so don’t be afraid to enquire with us today.

Pros and Cons of a Second Mortgage
Mortgage

Pros and Cons of a Second Mortgage

Second mortgages, just like any other secured loan comes with potential risk. That’s why it is important to enquire about the loan terms before getting them. Ask as much as you can about the loan, especially with regards to interests that may accumulate over time.

downside of refinancing
Mortgage

Downside of Refinancing

Does refinancing work and is there a downside of refinancing? Will it resolve the financial issues you’re having?  The truth is this, refinancing without good financial planning cannot make a lasting change in your financial situation—it is only a temporary solution.

What is a Second Mortgage?

Do you want to take a second mortgage on your home? Before you sign the application form, here are things you need to know about