Home LoanA home loan is the money (funds, finance) provided by a financial institution to allow the purchase or ownership of a home (normally residential property). Or simply, a home loan is any loan secured by residential property, whether it is for owner occupied purposes or investment. Their is a difference in how you are protected as a customer however, for more information on that, call us. A home loan includes: - First Home buyers (with or without the First Home Owners Grant)
- Family pledge
- Equity access
- Refinance
- Debt consolidation
- Reverse mortgage
Also, a home loan can come with the following features: - Principle and Interest (P&I) or Interest Only (IO)
- Standard Variable rate
- Fixed rate
- Offset Account
- Line Of Credit
There is 3 types of home loans: - Variable/Fixed rate home loan
- Home loan with off set facility
- Line of Credit facility. A detailed explanation can be down loaded here
Consider what is important to you. Do you want to be able to make extra payments, or low fee's and a low rate. Perhaps you are a good money manager and prefer a line of credit... With so many loans (and features!) to choose from, it's good to talk to an expert. If you would like to learn more about home loans or if you are in need of one, call us. With many years experience in providing the right home loan, finding a better deal, organising the First Home Owners Grant, helping to consolidate & reduce debt, we are confident we can help you to. We look forward to hear from you |
