How do I know what loan Features to Choose in a home loan?

August 25, 2014
Tim Roberts

When it comes to choosing the features of a loan there are many things you need to consider.

The questions below will help you decide the features you need,

which should in turn guide you to the home loan that suits your

needs. When answering the questions, think ahead – not just

next year, but also five years down the track.


• Do I want to pay the loan off as quickly as possible or am I

happy to see out the term of the loan?

• Am I good at sticking to a budget or am I a spendthrift?

• Do I require certainty in the amount of my loan repayments

or am I happy for them to fluctuate with the interest rate


• Am I likely to want to draw back some of my repayments in

the future for spending on holidays, cars, furniture etc?

• If we are planning on having children, how will this affect our

ability to make repayments?

• Am I likely to receive some form of cash windfall or bonus at

any stage?

These answers will assist you in clarifying your goals, which will

in turn help your mortgage broker work through the different

loan options and find you the most suitable loan for your you.

Posted in: Tips

Contact us today.

Additional Comments? * :