So you found your dream house - now what?
Putting research and effort into finding the perfect home should eventually pay off, but before you pack your bags and start picking out paint colours, you need to make sure all your financial affairs are in order.
Now is the time to decide what type of home loan you would like to secure in order to carry out the transaction - but what interest rate should you choose?
A mortgage broker can help you navigate the differences between home loans to best suit your needs, as well as the pros and cons of choosing either a fixed or variable interest rate.
An online loan calculator can also help you to make a decision, by comparing two kinds of loans based on their interest rate and key fees.
You can also use an online fixed and variable rate calculator to determine the potential impacts of splitting your loan with both a fixed and variable rate component.
A mortgage broker can walk you through all of your home loan options so that you can start making your new house a home.
To get more detailed information on your situation, talk to a Loan Market mortgage broker today.