We lift the lid on five home loan secrets that highlight why your broker should be your go-to person for a home loan.
Interest rates are sitting at long term lows, and with some great deals available on fixed rate loans, you may be wondering is now the time to lock in your home loan rate?
There’s more to a home loan than the rate you pay. We speak with Aussie Broker Luke Torossian to see how different home loan features can help you benefit more from your mortgage.
Getting a home loan in Australia 25 years ago may have seemed straight forward compared to the many choices available today. But was it really that much simpler?
Many loans that allow extra payments will also allow that capital to be redrawn. This means you can benefit from putting more money into your loan but still access the funds if you need them down the track. To avoid complications, your lender won’t let you take out any more than the extra you’ve put in.
Many lenders are making out of cycle home loan interest rate increases at the moment to meet new regulatory demands and to cover their own rising costs of borrowing money. Only customers on a fixed interest rate have been protected from these rate rises.
I’ve had a fixed loan for three years and in that time interest rates have come down a lot, so I am nervous about getting another fixed interest rate in case the same thing happens! What do you think?
Each Sunday John Symond answers one of your questions – this Sunday we’ll help you decide among split, fixed, or variable rate home loans.
Fixed or variable? It’s a question we get asked all the time. John Symond shares his thoughts on whether you should go fixed, variable, or both!
It’s always exciting to watch your new home being built, and along with choosing the right site, design and builder, it’s also important to consider the type of loan best suited to funding the project.