30 January 2012
MyRate would like to wish everyone “Xin Nian Kuai Le”, a very happy Chinese New Year and welcome the Year of the Dragon in 2012!
The dragon represents prosperity, good luck and good fortune.
According to http://chinesenewyear2012.net, “dragon years are lucky for anyone thinking of starting a business or initiating a new project of any sort because money is easier to come by for everyone, whether it’s earned, borrowed or received as a gift”.
So what does it mean for the home loan market?
We can hope that interest rates are going to remain relatively low and it may be time for you to start that new project you were thinking about, that is, buying a new home!
To put the odds on your side, My Rate recommends doing lots of research before taking the plunge of getting a home loan: educate yourself by going online on government websites, comparison websites or lenders websites.
That way you will be able to learn about the different types of home loans for instance fixed, variable, or line of credit as well as features such as offset accounts or the ability to make extra repayments.
MyRate reviews our education centre on a regular basis. This is full of information about the home loan process, valuations, lenders mortgage insurance and tips on what to look for in a good conveyancer.
Don’t wait any longer and start gathering information at MyRate Education Centre.
