The repayment on your mortgage will always include the interest payable on the amount borrowed, regardless of the type of loan you have. There are 2 different repayment types to choose from depending on your financial situation: Principal and Interest (P&I) Interest Only (IO) What’s the difference? There are two parts to a home loan …
Choosing the right loan for you can sometimes be overwhelming and confusing. There are a wide variety of options available, with different rates and feature. Understanding the difference between a variable and fixed rate is important so we can tailor a solution to suit your individual circumstances. Below is a rundown of the pros and …
Lenders mortgage insurance (LMI) is an insurance policy taken out by the lender to protect themselves if you (the borrower) can no longer make repayments. LMI is generally applicable when the deposit is less than 20% (i.e. you’re borrowing more than 80% from the bank). LMI is a once off fee that can be built into …
Wanting to make your money work harder for you? We have a few options. If you have the ability to be more flexible with your finances, there are two features (some fees may apply) that are available to minimise interest – an offset account and redraw facility. We’ll explain in more detail below. Offset Account …
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This page provides general information only and has been prepared without taking into account your objectives, financial situation or needs. We recommend that you consider whether it is appropriate for your circumstances and your full financial situation will need to be reviewed prior to acceptance of any offer or product. It does not constitute legal, tax or financial advice and you should always seek professional advice in relation to your individual circumstances.
