Home Loans

Home loans can include a number of options such as redraw options and offset accounts. An experienced mortgage broker can offer good advice as to which is best for your circumstances.

An investment property loan has the same features as a home loan but can also come with an interest only option. Loans can be between 15 to 30 years in duration.

Construction loans to build a home or investment property are assessed the same way as normal loans with the initial loan being for construction and then converting to a home or investment loan.

Should you fix the interest rate on your loan?

In recent times, interest rates have been steady and within a low range. A variable rate loan allows you to make flexible loan repayments which can reduce your loan balance. Fixed rate loans do not allow this option.

Mortgage Broker 247 will look at your financial situation and advice what is best for you. If you are struggling with your home loan and have limited capacity to make repayments in case of an interest rate increase we recommend you fix your interest rate.