Hi everyone.
Im in the process of getting my first home loan.I havent signed anything yet, just making sure im making the right decision before i submit anything.
I earn a good wage in a good job and plan to borrow $200,000 over 10 years.
Repayments are around $2100 month.
Is there anything i should be wary about regarding bank loans, any tips or advice regarding home loans?
Any questions i should ask the bank?
They want me to pay monthly, but a friend of mine said it is better if you pay the loan forthnightly, that way you wont accumulate interest, etc.
Is this true?
Im in the process of getting my first home loan.I havent signed anything yet, just making sure im making the right decision before i submit anything.
I earn a good wage in a good job and plan to borrow $200,000 over 10 years.
Repayments are around $2100 month.
Is there anything i should be wary about regarding bank loans, any tips or advice regarding home loans?
Any questions i should ask the bank?
They want me to pay monthly, but a friend of mine said it is better if you pay the loan forthnightly, that way you wont accumulate interest, etc.
Is this true?