You make plans. We make it happen.
Getting a home loan should not have to be hard. With the right planning and the right information to hand, the Home Loan Comparison Co will not only help you find the loan that suits your needs, but we will be with you right through the process until settlement and way beyond.
You don't need a home loan every day. Over the years we've got to know that there are as many different reasons for needing home loan finance as there are loans.
- Buying your first home
- Upgrading to a new home
- Changes in life circumstances such as divorce or employment changes and much more
- Debt consolidation
You could be forgiven for being overwhelmed at the number of names different lenders use for their products. Below you will find the standard loans you will see at every bank. Despite minor variations, they are the same with a different name. Knowing the small variants between how each lender tweaks their offering is a major benefit of having the Home Loan Comparison Co help choose you the right home loan product.
The Basic Products
Most home loan products you will find at a bank are some sort of variation of the loans you see below. Banks package them up to suit your needs and to attract their niche market. In finding the right home loan, a good place to start is to understand what these 'basic' products mean , what they offer. Then start focusing on which lender offers the variation of this home loan that will suit you.
Understanding the niche market and policy of so many banks allows the Home Loan Comparison Co. to consider 100's of products that could be your perfect home loan match.
Variable Rate Home Loans
The most popular type of home loan, the Variable Rate Loan. As the name suggests a Variable Rate Home Loan comes with an interest rate that can fluctuate over the term of the loan meaning home buyers benefit when interest rates are heading down. Find out more about Variable Rate Home Loans here.
Fixed Rate Home Loans
A Fixed Rate Home Loan means that interest rates are locked for a certain period of time. At times this type of loan can be misunderstood for the fear of being 'locked in' however, this is not the case. Fixed Interest Loans are a beneficial option to have in your loan portfolio. Find out why.
Home Loan Packages
A common offering from lenders now days is a Package Home Loan. One of the benefits of increased competition between banks is the expanded offering of products to a greater audience. The Package Home Loan is a perfect example of that. Offering benefits such as interest rate and fee discounts, find out if this product could meet your needs.
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Variants of the Standard Home Loans
These products are different styles of the Variable Rate Home Loan. Choosing not just the right product here, but the right lender also, will ensure that the home loan you end up with really serves your particular needs.
100% Offset Home Loans
Put simply, an offset account means that the your are not charged interest on your home loan equal to the sum of funds held in your savings account. If you have $10,000 in savings and your home loan is $100,000 then you are charged interest on only $90,000 for you home loan. A handy little interest saver over time. Want to know more about how this can work for you?
Basic Home Loans
Previously called a 'no frills' Home Loan, and that is just what they are. Restricted in options compared to other home loans but still an extremely useful asset in the home loan tool set depending on what your needs are. You can expect to see features such as low interest rates and no fees on this type of loan.
Introductory Rate Home Loans
An excellent way to take advantage of a low interest rate for a short period of time. Perhaps you have extra funds to spare or conversely, you may need to minimize loan repayments. It depends on your families needs at the time. The Home Loan Comparison Co fosters long term relationships so when this type of loan expires, we can make sure you don't get stung by a standard rate at the end.