Understanding different home loan featues

One of the features is type of interest rate. Do you want your home loan on a variable interest rate or a fixed interest rate?

Another feature that some lenders offer is splitting your home loan. Which means you can have part of your home loan on a variable interest rate and part on fixed rate.

Other features are Offset account, redraw facility, an interest-only feature and repayment frequency.

However, not all these features may be suitable to your specific situation and goals. If you need further information on these features, please get in touch with us today.