Home Lending – Loan Structure

There are lots of ways you can structure your home loan. Fixed, floating, revolving credit, offsets.

Different banks offer different products with revolving credits and offsets. So, depending on your situation, you may go to a certain bank because of a certain product.

However, often when you are buying your first home, you will need to go to the bank that will give you the lending – particularly if you have a low deposit. That’s where a good mortgage broker can help.

In the next couple of videos, we will give you some views on revolving credit and our cents of worth home loan system.

However, fixed rates are often great when you are starting out, even for the first 12-24 months, just to give you total certainty of payments. This can be important as you have other budget adjustments to make with buying a home – rates, property insurance, life insurance, and maintenance costs.