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Offset accounts and redraw facilities are both common home loan features, but do you know the difference between them? Many home loans these days come with either an offset account, a redraw facility or both. How do they work, and what purposes are they best suited for? What is an offset account? An offset account […]

Interest-only mortgages More expensive in the long run An interest-only home loan is a type of loan where your repayments only cover the interest on the amount you have borrowed, during the interest-only period. There is no reduction in the principal. This type of home or business loan will have lower repayments in the short

If you’re about to buy a house or you’re looking to refinance you may be asking yourself, should I fix my home loan or not? Like most decisions, there are pros and cons for each option. Here are some things to think about to help you decide. Pros and cons of fixed rate home loans

Loan to Value Ratio Whether you are a medical or dental practitioner or an investor looking to build their business/property portfolio; lenders will say that they will lend you a percentage of an asset. This is known as Loan to Value Ratio (“LVR”). Say you’re about to buy a dental practice for $1,000,000 of the $1,000,000

Buying your first home can feel like you’ve stepped into a world where everyone speaks a foreign language. Use this jargon buster to look up terms and phrases you may come across along the way.  – A – Annual percentage rate This is a rate that indicates the annual interest rate you will pay on

Can I have both fixed and variable rates on my home loan? Yes, you can split your home loan to have both variable and fixed interest rate payments. Please call or email our friendly team at Oceania Outsourcing (info@oceaniaoutsourcing-com-au.preview-domain.com) to provide more info or refer you to a broker partner to discuss your options to