How comparing home loans can help you save money
For those wanting to get a home loan, Compare the Market’s General Manager of Money Stephen Zeller said comparing a range of options can be beneficial.
“Comparing your options through a service like Compare the Market can help you get a better grip on available loan options and apply for one that meets your needs,” Zeller explained.
“Compare the Market only shows loan options that you can actually apply for, based on the information you provide.* Our results screen will list the interest rate, comparison rate, any application or ongoing fees, the repayment cost, and additional features like offset accounts and redraw facilities.
“Saving even just a small amount in terms of your interest rate can save you thousands of dollars over the course of the loan.”
Zeller also notes that there are other benefits and useful information users can get by using Compare the Market to review home loans.
“We have a team of mortgage specialists available to help applicants apply for a home loan so they can finance their property. They’re on hand to guide you through the process and answer any questions you have.
“Users can also calculate their borrowing power, receive a free credit score report and get free property reports for specific homes or suburbs to get a better understanding of the market,” Zeller said.
“On top of that, we have a range of pages on our website, expert spokespeople and content across social media to help educate and empower Australians to have a better understanding of home loans and finances.”