Think About

When choosing a home loan, keep in mind that interest rates and your financial situation will change over time. Make sure your loan is flexible enough to change with you. Features you might want to consider include:

•  The option to move from variable to fixed interest rates, or split the loan between both.
•  An off set or line of credit account to help you use your income and savings to reduce the balance of your loan.
•  The ability to make additional repayments without penalty.
•  A redraw facility that gives you the flexibility to use your additional repayments as required.
•  The choice of making repayments on a weekly, fortnightly or monthly basis.
•  The ability to transfer your loan if you buy another property.