Make Your Home Loan Work For You
Is your home loan everything you want it to be? Does it have all the features you need and want?
Your circumstances and expectations can change over time, and to make sure you are getting everything you need from your home loan, you should talk to a home loan expert.
A mortgage broker can offer advice about a various home loans on the market which may offer you more flexible features than your current one - and as new mortgage products are released all the time, it may be possible that there is an option that is an even better fit for your requirements.
They can assess your current product and compare it with a range of other home loans.
As your situation changes, it is worth re-evaluating whether your home loan is still working for you, and whether you are making the most of any available features.
Some home loan features could include a repayment holiday, additional payments and parental leave options.
A repayment holiday can be a useful feature to have if you have periods of time when you wish to suspend your mortgage payments.
However, bear in mind that interest will continue to grow on your home loan balance if you choose this option.
Similarly, a parental leave feature on your home loan allows you to delay payments for a set amount of time after you have a baby.
On the other side of the scale, you may prefer the option of making additional payments, which can shave years off your mortgage term and significantly reduce the amount of interest you will pay.
To get more information on your situation, talk to a Loan Market mortgage broker today.