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Mortgage Brokers Make Home Buying Easier

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mortgage broker and loans

For most people, buying a home is one of the biggest investments they’ll ever make. Finding a house and making an offer are just the tip of the iceberg. The real work begins with securing the right loan and successfully making it through the closing process. Navigating those murky waters can be confusing, and finding the best deals can seem downright impossible. A great way to simplify matters is by hiring a mortgage broker.

Top Reasons to Hire a Mortgage Broker

Like many people, you may be uncertain about paying someone else to help you find a suitable home loan product. Most people find the cost to be well worth it, though. A few reasons include:

  • Get the Best Rate –
  • Even if you have impeccable credit, zeroing in on home loans with the most competitive rates is a tall order. It’s in your best interests to pay the lowest interest rate possible. Doing so can save you thousands of dollars over the life of the loan and will result in lower monthly payments too. Mortgage brokers are well-versed about the available home loan products. They assess clients’ credit reports and ratings to determine the most viable options. That’s a lot easier than sorting through them all yourself.
  • Take Your Pick from More Options –
  • In addition to being more cumbersome, taking matters into your own hands when looking for a home loan means missing out on many great opportunities. Mortgage brokers generally have access to home loan products that aren’t available to the general public. Just make sure that the one you hire isn’t committed to just a small handful of lenders.
  • Enjoy More Flexibility –
  • Because a mortgage broker acts as a go-between, he can help smooth out the inevitable bumps that you’ll hit on the road to buying your home. For instance, your mortgage broker can help negotiate better terms for you and may be able to help you qualify for loans that you’d otherwise never be considered for in the first place.
  • Get Extra Help –
  • Most mortgage brokers offer services that extend above and beyond pairing buyers with home loans. For instance, many can work with you to help you improve your credit before applying for a mortgage. Others will guide you along through the underwriting process and keep you informed about how your loan is progressing.

Why put up with the headache of finding the perfect home loan yourself when you can hire a mortgage broker? The fees can often be rolled into your closing costs or even into your home loan, so there’s typically no need to pay upfront. Hire a mortgage broker before starting your search to enjoy the smoothest process possible.

By Garry Dowd

Beginner ASX Share Trading Tips

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For someone new to changing on the Australian Stock Exchange market, or “ASX”, the process can be a bit overwhelming. Not only is there a seemingly huge learning curve, but you’re actually risking your own money – meaning the stakes are much higher than they are in practice sessions.

asx trading and brokers for australia

No matter how large or small your share trading goals, this guide will help you understand the ASX market, how shares are exchanged, and how you can get started without losing your shirt in the process.

“Trading”: Buying and Selling Shares

To facilitate share transactions, you need an account through some sort of a broker or internet trading platform.

If you want to avoid the hassle of dealing with commissioned brokers, you’ll probably want to use a trading platform such as E*trade Australia . Sites like this allow you to easily manage your portfolio without paying an excessive commission or dealing with anyone in person.

What to Buy?

Once your account is active, this is probably the most difficult part. The entire ends and outs of the share trading game is obviously beyond the scope of this one article, so you’ll want to do plenty of research to understand the market before laying any of your own money down on the line.

As a quick overview of your options, you have two primary options. You can choose to invest in blue chip companies, which are corporate in nature, stable, and consist of large companies who are ideal for long term investments.
On the other side of the board, you have startups, which are somewhat more risky, but much more likely to yield a fast return. This profile makes them better suited for making a quick buck.

If you’re new to trading on the ASX market, you can probably see the advantage of blue chip investments. The long history of stability in these companies makes your investment much more solid. It’s best to save the startup investments for when you have a bit more experience.

Tips for Success

To make the most of your trading experience, there are a few hints to keep in mind. First, before you make any trades, get a thorough feel for the market. Learn the terminology, the structure of the market, and understand basic cause-and-effect behind price jumps.

Second, always formulate a strategy before you start trading. You want to have a clear plan, and follow it closely at all times. Many new traders jump in without clear goals or strategies, and quickly end up in over their head.

Finally, clearly specify your entry and exit rules. Define exactly when you will buy a share, and precisely when you will sell. Doing this removes the newbie trader’s number one enemy, which is the emotional factor. Planned systems produce much greater returns than gut feelings.

Trading on the ASX market is no piece of cake, but with these tips, you’ll be off to a great start!