Finding your perfect first home can be challenging, so when it comes to finding the right home loan and securing all the first home buyer benefits, 1st Street will be by your side.
A standard variable or fixed rate home loan is popular with first home buyers as they are simple loans with minimal fees. Basic home loans often have a lower interest rate than the standard variable rate. Some lenders may offer you access to additional loan features as required but for an additional fee. You may also incur fees and charges if you decide to switch loans or pay off the loan sooner.
A split rate home loan is split between a fixed and variable home loan which gives you peace of mind along with flexibility. These loans generally offer all the features of a normal loan but there may be restrictions such as penalties for early repayments.
An introductory rate with a low initial interest rate can be beneficial for first home buyers as the lower repayments allow buyers to have more funds for purchasing and setting up a new home.
