Which loan is right for me?
A home loan is likely to be a 25 to 30 year commitment for most people, and hence it is not a decision to be taken lightly. The property and loan you select needs to suit your longer term needs.
What to look for in your home loan.
When you are selecting your home loan, consider what features you want in the loan. Some features you may want to consider are:
- Ability to make additional repayments to your loan without extra charges.
- Ability to make repayments via direct debit, ATMs, Internet and phone banking services.
- 100% mortgage offset facility, allowing you to offset funds in an account against your home loan.
- Ability to redraw funds at any time.
- No home loan fees.
- Can you restructure the loan further down the track?
