With thousands of different home loans on offer, you’d be forgiven for thinking that it’s too complicated to figure out. But fear not, we’re here to cut through the clutter. If you’re a first home buyer, just keep in mind that all loans are based on two key things:
- Principal: the amount of money you borrowed
- Interest: how much the lender charges you to borrow the money, which is regularly recalculated based on how much you still owe.
If you’re overwhelmed by options, an Aussie Broker can help you sort through thousands of loans to find home loan options that suit your needs.