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Getting a home and home loan that is right for you requires a lot of effort. After scouring the property guides, visiting the estate agents, you think you’ve finally found it – a place to settle down and make your own.
eChoice has Home Loans for YOU!
But is the excitement of finding this place in the sun mitigated by the thought of having to fork out of king’s ransom for the title deeds. Don’t fear with the variety of mortgage products on the market you might discover that you can attain home ownership without facing the prospect of living on bake beans and Arnott’s biscuits for the next ten years.
If you need help comparing home loans visit eChoice, this mortgage broker compares over 25 lenders and hundreds of products. Take the hard work out of finding the right home loan, speak with an eChoice home loan consultant today – Its free and easy Click Here to learn more
Low documentation home loans for you
Unlike home-buyers caught in the conformity of the past decades the modern consumer is spoilt for choice! Low documentation, and no documentation home loans are the solution for people without the supporting documentation to get a traditional home loan. You may be self-employed, or recently arrived from overseas – either way, because low doc loans require less documentation they are easier to obtain but generally have a higher interest rate.
Getting Professional Advice for a home loan
Comparing home loans will help you understand the strengths and disadvantages of each mortgage product. And if you feel a little intimidated by the variety of loans available, or would prefer to have a professional intermediary you might find a mortgage broker helpful in negotiating a loan that best-fits your needs.
Types of Home Loans for you
There are many different types of home loans for you including:
Fixed term home loans – a loan that offers fixed repayments at a set interest rate for specific period of time.
Standard Variable Rate Home Loan – is the most popular of first home buyer home loans which provides you more features and flexibility.
No Deposit home loans a loan that allows the home-buyer to borrow 100% of the purchase price, usually at a higher interest rate than a standard loan.
Interest only loans , a loan that reduces the size of repayments by not calculating interest on the principal amount.
No doc loans loan that allow borrowers without detailed documentation to gain loan approval.
