COMPARE HOME LOAN INTEREST RATES
But where to start? We can help you weigh it all up.
When comparing home loan rates, many people look at the documented interest rate, but fail to look at the comparison rate.
A comparison rate is way to help consumers identify the true cost of the home loan. This true interest rate takes into account the fees and charges over the life of the loan and displays it as an interest rate.
A Comparison Rate can include upfront costs such as establishment fees, approval fees, valuation and any ongoing fees.
The comparison rate is different for every loan and is based upon:
- Loan amount
- Loan term
- Frequency of repayments
- Documented interest rate
- Any loan application or ongoing fees
When comparing banks and lenders interest rates, it is important that you are not just looking at the interest rate they are offering. Make sure the loans have the same features or can offer a product to suit your needs. Remember, your home loan can be up to 30 years, so borrowing based on interest rate alone could have a negative effect in the long run.
How much money can I borrow?
We’re all unique when it comes to our finances and borrowing needs. Contact us today, we can help with calculations based on your circumstances
How much will regular repayments be?
Use our Repayment Calculator for an estimate. Because there so many different loan products, some with lower introductory rates, talk to us today about the deals currently available, we’ll work with you to find a loan set-up that’s right for you
What is the First Home Owner Grant and can I get one?
The first home owners grant (FHOG) is a grant available to Australian citizens or permanent residents who wish to buy or build their first home, which will be their principal place of residence within 12 months of settlement. Contact us on 1300350118 to find out more about eligibility requirements in your state and how much grant money you could receive.
How much do I need for a deposit?
Usually between 5% – 10% of the value of a property, which you pay when signing a Contract of Sale. Speak with us to discuss your options for a deposit. You may be able to borrow against the equity in your existing home or an investment property.
It’s Your Choice
Comparing Home Loan Interest Rates can often be a confusing and sometimes frustrating process. Your personal consultant understands the complexities of home loans and finance and can help you find achieve a suitable interest rate loan to meet your budget, goals and lifestyle.