Beware Deferred Establishment Fees
Borrowers often confuse multiple loans under one package, such as a professional package, as being treated as a single loan because they get the same rate discount and one annual or monthly fee takes care of everything. However, lenders don’t make the same mistake. Most loans covered by a package are subject to a per loan deferred establishment fee (DEF), so even though it is one-package-one-fee for some things, if you have two loans that you want to break, you may be stung for two DEFs
Did you know?
The discount you get with a pro pack can be improved by as much as 30% if you arrange your loan with a mortgage broker who rebates their ongoing commission to you.
Tip for pro pack users
If you are a predominantly fixed-rate, pro pack borrower, you should take a look at St.George, Commbank and Westpac, which discount their fixed rates as well as their variable rate loans. This discount tends to be 0.15–0.20% pa regardless of
the loan amount.

It can be confusing to know whether to get a variable rate or fixed rate mortgage, and what features are important. That's why it's important to not only check the right rates, but make sure that you're getting the right features in your home loan. Get help choosing the right home loan