Basic Home Loans
Also known as ‘Discount’ Home Loans. These loans are a no frills version of the Standard Variable Home Loan. Generally they have fewer features than the Standard Variable Home Loan and are less flexible. These loans are only available for new borrowings.
Additional Repayments:
In most cases additional repayments are permitted however they maybe limited.
Redraw:
Basic home loans have a redraw feature however some lenders charge a fee, generally up to $50.00 per redraw.
Direct Salary Crediting:
Not Available
Offset:
Not Available
Portability:
Not Available
Payment Frequency:
Monthly Only
Repayment Holidays:
Not Available
Top Up:
Not Available
Contact Us for more information and to discuss the most suitable loan for your unique situation with any of our mortgage brokers. You can also get in touch with any of our mortgage brokers to help you with home loans in Sydney.