| What
is a Split Home Loan?
Split
loan simply put means to cut your loan into portions.
Usually the split is a Fixed Portion and a Variable
portion. The split can be set up at any percent eg:
(25% - 75% split) or (50% - 50% split). Most Lenders
allow up to 4 Loan Splits.
By splitting your loan, you are spreading the risk.
If the rates go up there may be a benefit to you however
if the rates drop than you may be caught paying too
much. It is for that reason some people like to hedge
their bet. Others prefer the security of a Fixed Loan
ensuring a non-fluctuating rate of payment and allowing
for better budgeting.
We
have access to over 700 loan products from Basic Home
Loans to Professional Packages.
Once
you have chosen which loan to go with, your assigned
and dedicated mortgage broker will then assist you through
the whole loan application to loan approval and settlement
process, plus, your broker will continue to be there
for you in the future when you need further finance,
property and loan related advice or assistance.
Contact
us today for a free consultation.
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