Home loan types

Line of Credit, or equity line loans

Line of Credit, or equity line loans

Also known as ‘evergreen’ loans because they don’t have a set term, line of credit offers the most flexible option in the market

The benefits of an offset account

The benefits of an offset account

An offset account can give you the freedom to “park” your own funds and save in interest whilst keeping the loan itself free of “personal” transactions. helpful if you are claiming a tax deduction on loan interest as most accountants will advise you not to deposit your own funds in and draw them out unless they are used for tax deductible purposes.

The most common types of home loans

The most common types of home loans

Home loans are the best way to get started purchasing your dream home, but there are so many kinds to choose from that it can get confusing. Here’s a quick guide to the common types available on the market.