Reviewing Your Loans Videos

View our range of videos below or visit our playlist on Youtube.

Now is the time to review your home loan. Here are four signs you may be overdue for a check-up.

• You’ve been with the same lender forever
• You have no idea what a redraw facility or offset account is
• How they work
• Your personal circumstances have changed
• You’re drowning in debt payments

When should you review your loans:

• Your circumstances have changed, you’ve changed jobs
• Your income has changed
• You have a child that has left home and is no longer a dependent
• You have paid off some personal debt

Are you feeling like your not getting ahead? We can also look at negotiating better rates or look to see if the structure of your loan needs to be changed.

Basic guide for making home loan comparisons and features

• Interest rates
• Comparison rates 

Loan Types

• Principal and Interest
• Interest-only
• Variable Home Loan
• Fixed Home Loan
• Split Home Loan

Loan Features

• Offset Account
• Redraw Facility

Here are some tell-tale signs that it may be time to part ways with your current lender and start afresh with someone new.

• Your home loan is getting old
• The honeymoon period is long gone
• Your lender doesn’t listen to a word you say
• Your needs are not being met

You may be surprised to discover that how much you spend on day-to-day living can considerably reduce the amount you are eligible to borrow, even if you are a high-income earner. So, if you’re planning to buy a home, it may be time to cut back on some of life’s little luxuries and set yourself a strict weekly budget. Here’s why.