The process of purchasing your first home is certainly a challenging one. It can be broken down in to the following 5 steps.
Planning
Arranging
Selecting
Buying
Settling
1. PLANNING
Most banks and lenders will need to see your savings history for the last 6 months to show that you can make the repayments.
Look around at the sort [...]
HOW CAN PRE-PAYING INTEREST BE OF BENEFIT TO ME ?
AND
MORE IMPORTANTLY HOW DOES IT WORK?
Lets deal with the second first. Very simply it means that you prepay 12 months of interest on your loan in advance. So towards the end of the financial year, for example BEFORE the 30th June 2008 you will pay 12 [...]