Choosing the right type of loan
The mortgage market is very competitive there are more loan products than ever before, which makes selecting the right type of loan product even more difficult. Choosing the right loan structure is just as important as the right product.
Here is a list of things to consider when looking for home or investment property finance…
-How much can I borrow?
-How much deposit do I need?
-How much would my repayments be?
-What government fees are payable?
-Am I eligible for the First Home Owners’ Grant?
-How much can I get for my existing property?
-How much will I need for a property in the areas I am considering?
-How can I tell which loan type is right for me?
-How do I know which loans offer the right flexibility?
-What added features/flexibility do I need (e.g. redraw, extra repayments, switch to fix, etc)?
Which loan is the most cost-effective for me?
-What documentation do I need when I apply?
Home Loan Guide 