Page 147 - The-Mortgage-Maximiser-Method-by-Thomas-Ilinkovski
P. 147
The bank or lender
dŚĞƌĞ ĂƌĞ ŵĂŶLJ ĨĂĐƚŽƌƐ ƚŽ ĐŽŶƐŝĚĞƌ ǁŚĞŶ ĐŚŽŽƐŝŶŐ ǁŚŝĐŚ ůĞŶĚĞƌ LJŽƵ ǁĂŶƚ
ƚŽ ƉƵƌƐƵĞ Ă ŚŽŵĞ ůŽĂŶ ǁŝƚŚ ĂŶĚ ŽŶĞ ŽĨ ƚŚĞ ďŝŐŐĞƐƚ ĨĂĐƚŽƌƐ ƚŚĂƚ ŝŶŇƵĞŶĐĞƐ
ďŽƌƌŽǁĞƌƐ ŝƐ ƚŚĞ ŝŶƚĞƌĞƐƚ ƌĂƚĞ ŽŶ ŽīĞƌ͘ ŶĚ ƌŝŐŚƚůLJ ƐŽ ʹ ŶŽ ŽŶĞ ǁĂŶƚƐ ƚŽ ďĞ
paying more than they have to.
,ŽǁĞǀĞƌ͕ ĂƐ ĨŽƌ ŵĂŶLJ ƚŚŝŶŐƐ ŝŶ ůŝĨĞ͕ LJŽƵ ƚĞŶĚ ƚŽ ŐĞƚ ǁŚĂƚ LJŽƵ ƉĂLJ ĨŽƌ ĂŶĚ
ŚŽŵĞ ůŽĂŶƐ ĂƌĞ ŶŽ ĚŝīĞƌĞŶƚ͘ dŚĞ ŚŽŵĞ ůŽĂŶ ǁŝƚŚ ƚŚĞ ůŽǁĞƐƚ interest rate is
ŶŽƚ ŶĞĐĞƐƐĂƌŝůLJ ƚŚĞ ďĞƐƚ ŚŽŵĞ ůŽĂŶ ĨŽƌ LJŽƵƌ ƐŝƚƵĂƟŽŶ͘ /Ĩ ŝƚ ǁŽƌŬƐ ŽƵƚ ƚŽ ďĞ͕
then that is a great bonus.
Ɛ LJŽƵ ǁŽƵůĚ ǁŚĞŶ ĐŚŽŽƐŝŶŐ ĂŶ ĂŝƌůŝŶĞ ĨŽƌ LJŽƵƌ ũŽƵƌŶĞLJ͕ LJŽƵ ŶĞĞĚ ƚŽ ƌĞƐĞĂƌĐŚ
ƚŚĞ ĐŽŵƉĂŶLJ ƚŚĂƚ LJŽƵ ĐŚŽŽƐĞ ƚŽ ĚŽ ďƵƐŝŶĞƐƐ ǁŝƚŚ ĂŶĚ ĐŽŶƐŝĚĞƌ ŽƚŚĞƌ ĨĂĐƚŽƌƐ
ƚŚĂƚ ǁŝůů ĂīĞĐƚ LJŽƵ ĨŽƌ ƚŚĞ ĐŽƵƌƐĞ ŽĨ ƚŚĞ ůŽĂŶ ƐƵĐŚ ĂƐ͗
o ŽĞƐ ƚŚĞ ůĞŶĚĞƌ ŽīĞƌ Ă ĨƵůůLJ ƚƌĂŶƐĂĐƟŽŶĂů ŽīƐĞƚ ĂĐĐŽƵŶƚ?
o Is redraw available?
o Are future ĐŚĂŶŐĞƐ ƚŽ ƚŚĞ ůŽĂŶ͕ ƐƵĐŚ ĂƐ ƐǁŝƚĐŚŝŶŐ ƚŽ Ă ĮdžĞĚ ƌĂƚĞ͕
free or is there a fee involved?
o Are there any ĞĂƌůLJ Ğdžŝƚ ĨĞĞƐ?
zŽƵƌ ŵŽƌƚŐĂŐĞ ďƌŽŬĞƌ ǁŝůů ďĞ Ă ŐƌĞĂƚ ŚĞůƉ ŚĞƌĞ ĂŶĚ ǁŝůů ďĞ ĂďůĞ ƚŽ ƉƌŽǀŝĚĞ LJŽƵ
ǁŝƚŚ ƚŚĞ ůĞŶĚĞƌƐ LJŽƵ ĐĂŶ ĂƉƉƌŽĂĐŚ ďĂƐĞĚ ŽŶ LJŽƵƌ ŐŝǀĞŶ ƐŝƚƵĂƟŽŶ͘ dŚĞLJ ǁŝůů
ƚŚĞŶ ƉƌŽǀŝĚĞ LJŽƵ ǁŝƚŚ ƚŚĞ ŝŶƚĞƌĞƐƚ ƌĂƚĞƐ ĂŶĚ ĨĞĞƐ ĐŚĂƌŐĞĚ ďLJ ƚŚŽƐĞ ůĞŶĚĞƌƐ
ĂŶĚ ŵĂŬĞ Ă ƌĞĐŽŵŵĞŶĚĂƟŽŶ ƚŽ LJŽƵ ŽŶ ƚŚĞ ůĞŶĚĞƌ ƚŚĂƚ ŝƐ ƚŚĞ ďĞƐƚ Įƚ ĨŽƌ LJŽƵƌ
circumstances.
dŚŝƐ ƌĞĐŽŵŵĞŶĚĂƟŽŶ ƐŚŽƵůĚ ŝŶĐůƵĚĞ ŝŶĨŽƌŵĂƟŽŶ ĂďŽƵƚ ƐĞƌǀŝĐĞ͕ ƉƌŝĐĞ͕ ĨĞĞƐ
ĂŶĚ ĨĞĂƚƵƌĞƐ ŽĨ ƚŚĞ ƉĂƌƟĐƵůĂƌ ůŽĂŶ ƉƌŽĚƵĐƚ͘ hůƟŵĂƚĞůLJ ƚŚŽƵŐŚ͕ ƚŚĞ ĐŚŽŝĐĞ ŽĨ
ǁŚŝĐŚ ůĞŶĚĞƌ LJŽƵ ŐŽ ǁŝƚŚ ŝƐ LJŽƵƌƐ͘
Valuer
A valuer ŝƐ Ă ƋƵĂůŝĮĞĚ ƉƌŽĨĞƐƐŝŽŶĂů ŝŶƐƚƌƵĐƚĞĚ ďLJ ƚŚĞ ůĞŶĚĞƌ ƚŽ ǀĂůƵĞ ƚŚĞ
property you are purchasing. A valuer has generally completed a three- to
ĨŽƵƌͲLJĞĂƌ ǀĂůƵĂƟŽŶ ĚĞŐƌĞĞ ŝŶ ĐŽŶũƵŶĐƟŽŶ ǁŝƚŚ ƉƌĂĐƟĐĂů ĞdžƉĞƌŝĞŶĐĞ͘ DŽƐƚ
ůĞŶĚĞƌƐ ŚĂǀĞ ǁŚĂƚ ŝƐ ĐĂůůĞĚ ͚Ă ƉĂŶĞů ŽĨ ǀĂůƵĞƌƐ͛͘ ƉĂŶĞů ĐŽŶƐŝƐƚƐ ŽĨ Ă ŐƌŽƵƉ ŽĨ
ƐĞůĞĐƚĞĚ ǀĂůƵĂƟŽŶ ĮƌŵƐ ĨƌŽŵ ǁŚŝĐŚ ƚŚĞ ůĞŶĚĞƌƐ ĐŚŽŽƐĞ ƌĂŶĚŽŵůLJ ƚŽ ĞŶƐƵƌĞ
ƚŚĞLJ ŐĞƚ ĂŶ ŝŶĚĞƉĞŶĚĞŶƚ ǀĂůƵĂƟŽŶ͘
sĂůƵĞƌƐ ĐĂŶ ƵƐĞ ĚĂƚĂ ĨƌŽŵ ůŽĐĂů ƌĞĂů ĞƐƚĂƚĞ ĂŐĞŶƚƐ͕ ƌĞĂůĞƐƚĂƚĞ͘ĐŽŵ͘ĂƵ ĂŶĚ ZW
ĂƚĂ ƚŽ ŚĞůƉ ƚŚĞŵ ŝŶ ĐƌĞĂƟŶŐ Ă ǀĂůƵĂƟŽŶ ƌĞƉŽƌƚ͘
146
