In this episode, we discuss what mortgage brokers mean when they talk about structuring your mortgage. Structuring your mrotgage encapsulates everything about your mortgage and how it is set up. This includes:
- Whether your loan is on Principal and Interest or Interest Only
- The repayments you make to the bank
- Your interest rate and whether you are 'rate splitting'
- which bank you are with
- The term of the mortgage
- Additional lending facilities you might have in place
We also mentioned the Epic Guide to Mortgages, which is our 9,500 word guide that shows you both how to get a mortgage and then pay it off more quickly.
The Property Academy Podcast