5 common mortgage mistakes

We peak over the garden fence at the 5 Common mortgage mistakes Aussie make when looking for a mortgage to buy a property. The mortgage market is worth over $68 billion and we have to admit that us Aussies really do love real estate. There are at the moment over 10 million properties in Australia with a total value of around $8.4 trillion and of those around 6 million have mortgages against them. We also have 12,000 Mortgage Brokers businesses in Australia, and that's a growing market. Today, it seems every lender is offering significant borrower incentives – be it low advertised mortgage rates, huge home loan discounts or cash-back offers. With so much happening, it is natural to feel stressed and somewhat confused.