8 Out Of 10 Aussies Are Paying More Interest On Home Loans
Contemplating to buy your own home? Availing a home loan is one of the toughest financial decisions probably you need to take. You may be parking your life long savings into the desired property and thus, reviewing the entire pool of options will lead you to make the right choice. Loyalty is good, but does it always pay you or you pay more for it in the long run? Many customers are comfortable dealing with their traditional bank and thus do not undertake any research before signing documents for their home loan or commercial property loan . In the bargain, they are missing out on some highly competitive pricing and options available in the market. 1. Lock Your Rate: Australia is witnessing a record of one of the lowest interest rates offerings. Thus, the borrowers have been compelled to alter their home loan option to a fixed rate instead of variable, of course if permissible case by case. In a reverse, many banks have begun offering highly competitive rates for a fixed mode