Not sure where to start?
Can I get the rates being offered on TV?
Are all Home Loans the same but simply different rates?
There are some exceptionally low rates on offer now but not all are the same or available to everyone.
Just like a home is not just a house that works for everyone, a loan needs to be the right one for you.
We will assess your overall situation and future goals, to find a loan from our panel of over 30 lenders, to find the one that is best for you.
Here are some examples of some different types of loans available.
Basic or low-rate loans, generally have a lower rate and no ongoing fees. If you do have one of these loans you might find, if you fix your loan, once the fixed term has finished you can’t go back to the same low-rate loan you started with. They don’t come with any extras like offset accounts and fee free credit cards.
Packages are available with most lenders but there is usually a minimum amount you can borrow to qualify. Generally, there is only one package fee no matter how many loans you have with the same lender. The more borrowing you have, in the package, the lower rate the lender will usually offer. These packages can come with offset accounts to help you save interest on your loan and credit cards. Sometimes the credit cards are compulsory. Some packages will have other benefits. There is often and annual fee payable to have a package.
Fixed or Variable
This is not always an easy decision to make. Sometimes you will lose benefit’s you have with your loan when you fix it. If you do fix you will have the peace of mind of what your repayments will be. Some fixed rates can be lower than the variable rate. If you fix there can be heavy penalties if you need to close the loan. We can guide you through, so you understand all the benefits and pitfalls, before making the decision.
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