Finding the perfect loan can feel like a maze. That’s why almost half of Australians use a mortgage broker to do the hard work for them.
There are literally thousands of home loans out there and it can be difficult to figure out which one is right for you. The main point is when it comes to comparing home loans it’s not just about the interest rate. Different loans have different fees, features and repayment options. Sometimes, the loan with a lower interest rate may end up being more costly when you add up all the fees and charges.
When you’re comparing home loans you need to make sure you’re considering;
- honeymoon rates vs on-going rates
- extra charges such as Lenders Mortgage Insurance (LMI)
- loan features that allow for extra repayments
- any on-going or establishment fees
I can compare more than 800 different loan products so you can be confident I will find the right home loan for your unique situation.