Teah HammetJul 30, 20212 minSplit LoansDepending on your circumstances, splitting your home loan between fixed and variable interest rates can enable you to get the best of...
Teah HammetJul 30, 20211 minRate for Risk (Risk Based Pricing)Risk based pricing is the interest rate that lenders offer to a client based on factors such as their credit rating, the security type,...
Teah HammetJul 30, 20211 minPrincipal and Interest RepaymentsMost people take on this type of home loan. You make regular repayments on the amount borrowed (the principal), plus you pay interest on...
Teah HammetJul 30, 20211 minPackaged Home Loan ProductsMany lenders offer packaged home loans which allow you to sign up to a home loan as well as other financial products such as a credit...
Teah HammetJul 30, 20215 minMortgage Offset AccountWhat is an offset account? An offset account is a savings account or transaction account linked to your home loan account. The account’s...
Teah HammetJul 30, 20212 minLine of CreditWith a line of credit loan, you use a single account for your home loan and your everyday spending. The limit on the line of credit loan...
Teah HammetJul 30, 20213 minLenders Mortgage InsuranceAchieving the dream of home ownership is one of the most exciting times in your life. However, it also comes with a big challenge – the...
Teah HammetJul 30, 20212 minInterest CapitalisationInterest capitalisation occurs when interest is added to the total loan amount or ‘principal’ of a loan but isn’t immediately paid back...
Teah HammetJul 29, 20213 minGuaranteesIf you guarantee a loan for a family member or friend, you are known as the guarantor. You are responsible for paying back the entire...
Teah HammetJul 29, 20212 minFrequency of Repayments and Paying Off your Mortgage FasterMaking higher or more frequent payments on your mortgage will save you money and help you pay down your home loan faster. Switch to...
Teah HammetJul 29, 20213 minDifferent ways to repay and access your home loan Most lenders offer different ways to access and/or repay your home loan. Here are some of the more common features lenders offer to home...
Teah HammetJul 29, 20213 minConstruction LoansA construction loan is a type of home loan designed for people who are building a home or doing major renovations, as opposed to buying...