Home Loan Australia Information: Home Loans, Bad Credit Loans, Mortgage Loans & Home Refinance

Home Loan Australia Information provides free up-to-date access to the best value Home Loans, Bad Credit Loans, Mortgage Loans and Home Refinance information, resources, products and services from a comprehensive selection of Australia's leading and best known bank and non-bank lenders.

Whether you are looking for a loan for a new home, a first home buyer loan, investment property loan or refinancing an existing home loan, Home Loan Australia Information is here to help ...

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MAKING NEWS

Tue, 09 June 2009
Home loans | things to consider before applying.
Home loan down-payment.

As a general rule of thumb, lenders will be seeking contribution from you of around 3% to 6% of the total loan value. This can be negotiable, and there are many loan packages available.

Fixed interest rates versus adjustable rates.

The two most common loan products available for home mortgages are fixed rate versus adjustable rate. Fixed rate means that you agree on an APR (annual percentage rate) that does not change through the life of the loan, whereas, an Adjustable Rate Mortgage, better known as an ARM, means that rates and monthly payments can change, often tied to the U.S. Government Treasury Bills or some other form of index, with the frequency of change dependent upon the terms of the loan. Deciding on which way to go involves many variables. We suggest that you start by examining the fixed rate products available on the market. They are by far the most popular, and arguably with the least amount of risk

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Here are some Home Loan Australia Information articles that may be of interest ...

Home Loans: Hot tips for borrowers
Buying a home is one of lifes biggest purchasing decisions for most Australians. Here are 27 ways that can help you save big money on your home finance ... both before and after you have committed to your loan ... more

Buying a home when rates go up
When rates go up, opportunities abound. You see, many homeowners, builders, and developers, find themselves in more negotiable positions because of the laws of supply and demand. Surplus rises, and buyers slow down ... more

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Knowledge Base

Interest Rate: A rate which is charged or paid for the use of money. An interest rate is often expressed as an annual percentage of the principal. It is calculated by dividing the amount of interest by the amount of principal. Interest rates often change as a result of inflation and Reserve Bank policies. For example, if a lender (such as a bank) charges a customer $90 in a year on a loan of $1000, then the interest rate would be 90/1000 *100% = 9%.

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