If you have already paid a large part of your mortgage and decide to sell to buy a new apartment, extinguishing part or all of your mortgage before it expires, you may not pay extinction penalties. Experts recommend checking the dates and consulting the your bank.

In fact, by activating a practice for the mortgage transfer on another property you could avoid paying any penalties for the early repayment of the loan and the stamp duty, which otherwise would have been due for the new loan. Obviously, provided you stay with the same credit institution.

One of the banks that offers this possibility is in Australia. Thanks to this Mutual Change Home you can get a loan of 100% of the value of the property, as long as it does not exceed A$300,000.

For those who buy the first or second home, this bank loan provides for an amortization plan of between 5 and 30 years. The 18 months of pre-amortization are added to this period. The one proposed by bank is a variable rate mortgage with a 3-month Euribor 365 index plus the spread.

But it is not the only bank that offers this possibility. Similar products are also offered by other Australian banks. To give a boost to the real estate sector, numerous products have been created by the banks, including mortgages and various loans, to allow easier purchases of housing and Privacy Screen Soldiers Point. Just to name a few: real estate leasing, the timing of the first home sales without losing benefits, bridging loans and subrogation.

But not everyone has achieved the expected success. In fact, those who decide to buy a house and open a mortgage to do so, need a product that is easy to manage. Therefore, the bank responded precisely to these needs: to allow the purchase of a new home and Privacy Screen Soldiers Point without having sold the one currently owned, waiting to find a buyer willing to purchase the old house owned, paying it adequately.

In fact, the main problems of buying and selling is just the haste, which makes buying and selling houses at conditions that are not optimal, or sufficiently advantageous, in a hurry to sell or not miss the occasion of life.

The bank is in fact a product that is conquering more and more people and it is not difficult to understand why. It is a proposal that combines good conditions, also given by the favorable time for rates, and market mobility, with sales and facilitated purchases.