Tricks with bricks: There are several key areas where you can have a greater input and save on your outlay when negotiating a mortgage - probably the largest loan on your list

摘要

Your mortgage is likely to be your biggest ever debt, so it's worth making sure you're not paying over the odds and chewing up funds you could otherwise use for investment. Strictly speaking, your home is not an investment - yes, it may appreciate in value over time, but you're living in it and it's not producing an income. So, while taking on a home loan is a lifestyle choice, you should think abut finding funds to make other investments in tandem. The key rule is to look at a home loan's average annualised percentage rate, rather than the advertised or "headline" interest rate. The AAPR accounts for not only the straight interest rate but also other costs such as upfront and continuing fees.