InShape Home Loans is about finding you the right loan for your circumstances, current and future needs, but it is also about knowing your loan, what costs and on-going costs are associated with the loan and are those costs worth paying for. What features does the loan have that you will really use and do those features save you time and money. Understand the features is important, read some of our examples to get a good understanding. The product comparisons shown here are some examples of how we compare the different products in the market place, when looking for the ideal loan for you and your situation.
Rate is a big thing; however, say you want a loan with off-set account and free redraw, as you place extra funds on your loan for your yearly bills, like council rates, insurance, rego etc; so when the bill comes in you can redraw the funds and pay the bill, but it is also saving you interest on your home loan. You do not want to place these funds in your off-set account, because you to tend to spend what is in there.
InShape Home Loans, looks not only at the rates, but the cost of the off-set account, the cost of the redraw facility etc. So then we give you the choice and information of the best loans on the information or brief you have given us. So you may have the choice of a lower interest rate loan that has a fee for redraw, against a loan with a higher rate but no fees for redraw. We would summarise that loan ‘A’ would work out better then loan ‘B’, if you were doing 4 redraws a year or under. If you think you would do more than 4 redraws per year, loan ‘B’ would work out better.
So product information and knowing what you are getting, is the most important thing, that will save you time and money. So fill in the on-line application or send us an email to firstname.lastname@example.org and tell us what you want in your loan.
The banks and non-banks, which we call lenders, change their products and rates, sometimes on a weekly bases. So, the comparisons will always change, depending on what the market and lenders are striving for.