In this video Karen breaks down the concept of a rate lock, explaining how a rate lock allows borrowers to secure an interest rate for a specific period while their mortgage application is in progress. The video explores the pros of using a rate lock, such as protection against interest rate fluctuations and the ability to plan finances with certainty. On the other hand, it also delves into the cons, including potential costs associated with rate lock extensions and missed opportunities if rates decrease during the lock period. This video serves as a valuable resource for individuals seeking to make informed decisions about rate locks and their impact on their mortgage journey. 

In this video, Karen highlights how an annual home loan review can uncover potential savings opportunities, such as refinancing options or negotiating better loan terms. She discusses the impact of changing market conditions, interest rates, and personal financial goals on your mortgage. With practical tips and expert advice, this video equips homeowners with the knowledge to assess their current loan and make informed decisions for optimizing their financial situation.

Discover the crucial role of a mortgage adviser in maximizing the sale of your home. With access to over 20 banks and lenders, a mortgage adviser ensures potential buyers have optimal borrowing capacity, potentially adding up to $150,000 in value. Additionally, advisers can navigate the complexities of securing finance, expediting the settlement process and eliminating time-related hurdles. Furthermore, by scouring the market for competitive interest rates, an adviser can save buyers up to a percent and a half, equating to significant monthly savings. Unleash the true potential of your property sale by harnessing the power of a mortgage adviser and agent partnership.

In this video, Karen explains the concept of a pre-approval and why consulting a mortgage adviser like herself provides more options. Karen also explains why it's important to start your property search after obtaining pre-approval, and how she can help if your pre-approval is due to expire. 

Want to learn about what an offset account is and how it could benefit you. In this video, Karen simplifies the concept, and highlights how an offset account functions as a savings or transaction account linked to a mortgage. She delves into the advantages of using an offset account, such as reducing interest charges by offsetting the balance against the mortgage principal, but also warns of potential risks involved. 

In this video, Karen provides a clear explanation of what happens when your fixed-rate period on a mortgage comes to an end. She discusses the potential outcomes homeowners may encounter once the fixed rate expires, explores what a transition to a variable interest rate looks like, and how it can impact monthly payments, and also covers alternative options like refinancing or renegotiating loan terms with the lender.