If your main Concern is keeping the interest rate on your mortgage below the current standard variable rate, then a basic home loan or as some banks call it a "No Frills Home loan" may be your solution. A simple and basic home loan without the "bells and whistles", a Shape basic home loan without a mix of features usually comes with lesser fees and lower interest rate.
A shape Mortgage Consultant will even guild you through the step in applying for the First home Owners Grant ( FHOG ) - we will even help you fill and submit the forms!
· Lower interest rate
· Lower ongoing fees
· Popular choice for most first home buyers
· Less flexibility
· Minimal or no features ( no additional repayments, no offset)
· Owner's occupier only (depending on lenders)
Contact a Shape home loan Adviser Today, to take advantage of this great product!