In the excitement of buying a home some of the key finance options are often overlooked as home buyers scramble to find the perfect property. It’s often only when people are sitting down in front of their finance professional or bank representative that any thought is given to the features of the loan.
It’s understandable that getting the home loan is the primary focus of any finance discussions, but according to Hewcorp Finance principal broker Owen Kirk it’s also important to ensure the loan product is going to meet the needs of the borrower now and for a reasonable period into the future. One of these key considerations is around fixed and variable rate home loans.
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