Wizard home loan

Wizard offes competitive home loans, just like all the other major Australian banks and mortgage lending companies. And just like the other lending institiutions, buyers have to be aware of all the costs and pitfalls involved in securing a home loan from Wizard Home Loans.

What to consider when securing an Wizard home loan.

Here are some useful tips on what to consider before applying for an Wizard home loan. If you need money to pay bills or make home improvements, and think the answer is in refinancing, a second mortgage, or a home equity loan, consider your options carefully. If you can't make the required payments, you could lose your home as well as the equity you've built up. That's why it's important not to let anyone talk you into using your home to borrow money you may not be able to afford to pay back.

Contact several lenders - including banks, savings and loans and mortgage companies. Ask each lender about the best loan you would qualify for then compare the following:

The annual percentage rate (APR):

The APR is the single most important thing to compare when you shop for a loan. It takes into account not only the interest rate, mortgage broker fees, and certain other credit charges the lender requires the borrower to pay, expressed as a yearly rate.