A First-Time Buyer’s Guide To Home Loans
Buying your first home is an exciting prospect but it can be a little daunting when faced with all the different kinds of home loans now available. There are so many different banks and financial institutions offering loans with differing interest rates and fees, lengths of loans and benefits that it’s hard to choose which one will suit you best. There’s no longer any such thing as a simple 25-year home loan with regular repayments. And simply paying off a home mortgage as fast as you can is rare as well. There’s a plethora of new technology to help first home buyers. For instance, a borrowing power calculator helps estimate how much you can borrow, and a stamp duty calculator helps you to work out how much stamp duty you will have to pay the government. Continue reading