Prepare for insights into construction loans in Australia. Discover the unique features along with considerations. Delve into this concise guide for a clearer understanding.
What is a construction loan?
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Prepare for insights into construction loans in Australia. Discover the unique features along with considerations. Delve into this concise guide for a clearer understanding.
Comparison rate. Variable rate. Fixed interest rate. Redraw. Break costs. Revert. Offset accounts. The maze of financial jargon can take some getting used to. Let’s look at a home loan 101 question to help you get started.
What do you need to consider when looking to get a home loan pre-approval?
An offset account is a transaction account linked to your mortgage. The balance in the offset reduces the loan balance by the same amount. It’s potentially a great tool to help your drive down your mortgage and pay it off faster
Learn how you can pay of your home loan faster by using a redraw facility.