Typical Home Loan feature list

Interest only repayments You only pay the interest on the loan, not the principal, usually for the first one to five years although some lenders offer longer terms. Many lenders give borrowers the option of a further interest-only period. Because you’re not paying off the principal, your monthly repayments are lower. These loans are especially popular with investors who pay...

5 Reasons you may want to re-finance your home loan

1. To pay less on your mortgage repayments Refinancing can often reduce the amount of your mortgage repayments – and this is probably the number one reason why people consider refinancing. Everyone would like to save money on their home loan repayments – since they usually account for around 30% of our income every month. If you’ve had your home...

How would you like to pay off your mortgage quicker?

When was the last time you looked closely at your loan, the progress you are making on paying it off and how it compares to others in the market? Analysing your mortgage could mean savings for you, as well as the opportunity to pay it off more quickly, invest in other assets or reach financial freedom sooner. If you pay...

Some helpful basic tips for first home buyers

Buying your first home can be an exciting experience, but it can also be stressful and overwhelming if you’re not confident and knowledgeable. Here are some tips that will put you in the best position to make a sensible and profitable home-buying decision. Do the Groundwork Before you even start looking at houses, it is important to do your groundwork,...

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