Top Five Home Loan Tips for First Time Home Buyers

[cleveryoutube video=”9yl6BSW2j04″ vidstyle=”2″ pic=”” afterpic=”” width=”560″ quality=”inherit” starttime=”” endtime=”” caption=”” showexpander=”off” alignment=”left” newser=”Top 5 Home Loan Tips for First Time Home Buyers”]

home loans

Top Five Home Loan Tips for First Time Home Buyers

Extremely low-rate home loans do not have the flexibility that is required by many home owners. If you would like to make extra repayments or have facilities such as a line-of-credit attached to your home loan, then simply choosing the loan with the lowest rate might be a mistake. Loans with these and other non-standard features usually carry higher interest rates and fees than basic loans. But the trade-off you get with the added flexibility can make a loan with a higher interest rate a smart choice.

Competition between the major banks and other non-bank lenders is still high despite the recent credit-crunch. Purchasing a home is one of the biggest financial decisions you will make in your life, so take the time to research and compare the offerings from both bank and non-bank lenders. This way you will be able to find the mortgage with the right blend of features and low rates and fees. Over the course of a mortgage, even small monthly savings can add up to a big sum.

Subscribe to our channel:

 [information]<a href=””><img alt=”3 Top Tips in Selecting a Home for Your Family” src=”” width=”568″ height=”1024″ /></a>[/information]

0 comments… add one

Leave a Comment