Whether you’re making your first step into the housing market, buying an investment property, or upgrading or downsizing your home, the home loan you choose has a huge impact on the next years of your life.
Home loans can be as unique as the people who are searching for them, so there’s no one-size-fits-all home loan. What you consider a good home loan may be different to what others think, and may even change depending on your life stage.
Generally, a good home loan is one with:
Comparing home loans is the key to finding the best home loan that suits your needs. There are seemingly endless mortgage products on the market, so it’s a good idea to compare home loans in order to find the best fit for you.
There are many home loan comparison websites that can give a good overview of the differences between loan products. Money Smart suggests that when digging deeper into the terms and conditions it’s best to get a ‘key facts’ sheet from each lender you’re considering. This will give you the detail you need to make an informed choice, including the total amount to be paid back over the life of the loan, repayment amounts, fees and charges.
Each lender is likely to have a range of home loans on offer, with options designed to suit different people with different needs.
In order to choose the right one for you, ask yourself a few questions:
Australian Unity’s range of home loans offers competitive rates and features to suit all kinds of people.
Whether it’s understanding terminology, you’re looking to apply or you have a question about your account we can help you with all your banking questions.
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