Understanding home loans Chances are, buying a home will be the most expensive and exciting purchase you’ll make during your life. Like most Australians, you’ll need to take out a home loan to help fund your purchase. Here, we explain how different home loans work and what to look out for. How home loans work A ‘home loan’ or ‘mortgage’ is a sum of money loaned to you by a financial institution so you can …
Get a great home loan rate at amp.com.au/home-loans/loans What you need to know Credit Provider is AMP Bank Limited ABN 15 081 596 009, AFSL & ACL 234517. Lending criteria, fees and T&Cs apply. For more information and target market determinations visit: amp.com.au/home-loans/loans Original Author: Produced by AMP and published on 14/07/2023 Source
Understanding fixed, variable and split rate home loans Should you fix your interest rate, opt for a variable one, or do both? We explain the benefits and considerations of all three options. Of all the decisions that need to be made when choosing a home loan, finding the best interest rate is one of the most important. After all, a rate that’s even 0.5% lower could save you thousands of dollars over the life of …
Whatever ‘wealthy’ means to you, AMP’s home loans can help you get there. Visit amp.com.au or call us today 03 6343 1007.. Original Author: Produced by AMP and published on 23/03/2023 Source
Dealing with being asset rich and cash poor Reverse mortgages could be one way to help with living expenses, but they may also erode any equity you have in your home over time. Given longer life expectancies, the rising cost of living and the property boom, more and more retirees find themselves asset rich and cash poor. One option is to downsize to a cheaper home, but this often has major disadvantages. If they are …
