There are literally thousands of different home loans on the market, all with different rates, fees and features. Your circumstances will largely determine which type of loan will suit your best
Floating Rate: For borrowers who require the flexibility to make lump sum payments, or to repay the mortgage in its entirety without being committed to any specific term or conditions.
Fixed Rate: For borrowers who enjoy the certainty of knowing exactly what their interest repayments will be for a set period.
Revolving Credit:
For those borrowers who are committed to paying off their mortgage as quickly as possible, and have the discipline to maintain their savings plan.
Combination or Split Rate:
For those borrowers who wish to enjoy the advantages of a fixed Rate loan, but also require some flexibility to allow lump sum repayments.
Capped Rate:
For borrowers who need the security of knowing what the maximum rate that will apply is but still wish to benefit if the floating rate drops below the capped rate. In such a case then the lower floating rate will apply instead. There is no penalty for paying off lump sums, totally repaying the loan or for increasing your payments.
Each lender on our panel has slightly different terms. To request an obligation free appointment, click here and your APM Adviser will explain the differences and how each loan could suit your needs.
