In an environment where interest rates on mortgages are constantly changing, locking in a rate can be a useful option to protect your interest rate for a set period of time (usually 30 to 90 days).
NSW government has just announced the move to overhaul stamp duty and replace it with a $25,000 grant for first home buyers. This would initially allow buyers to choose paying stamp duty or an annual levy.
Negotiating various terms of a loan including rates and repayment options can be complicated. Here's some tips from the team at Azura Financial.