Quay Credit Union

Home loan jargon explained

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Home loan jargon explained

Home loans are the key to most property purchases and could be as important to you as the property itself. Buying your first home or investment property can be one of the most exhilarating (and stressful) times of your life.

There’s so much to consider, hours of property viewings and excited discussions about furnishing, renovating and moving in. And, for most people, one of the most vital yet time consuming parts of the process is figuring out which home loan to choose.

Stepping out to find your first loan can be daunting, so we thought we’d run you through a couple of key terms and background information. We hope this gives you a better understanding of what the world of home loans looks like so you can choose the best loan to suit your needs.

What are the common features across our home loans?

There are some terms that are the same across all our Qudos Bank home loans, so it’s important to let you know about how they work so you can easily compare.

It’s always important to talk to someone about your options to help you decide which is the right loan for you, so feel free to call us on 1300 747 747. To help you compare our loans, take a look at our Home Loan Brochure.

 

  Important Information

Loans are subject to approval. Normal lending criteria, terms and conditions, fees and charges apply and are available upon request. The information in this article is general and does not constitute as advice. It has been produced without taking into consideration your personal financial circumstances, objectives or needs. Before deciding to acquire any product, you should conduct your own investigation and analysis of any benefits or costs and seek your own independent legal and financial advice. You should also read our Financial Services Guide before applying for our financial products and services. Qudos Mutual Limited trading as Qudos Bank ABN 53 087 650 557, AFSL/Australian Credit Licence 238 305.

 

Article published September 2017