Basic Home Loans

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! 

Benefits:

• Lower Interest Rate
• Lower Ongoing Fees
• Popular Choice for Most First Home Buyers 

·          Lower interest rate

·          Lower ongoing fees

·          Popular choice for most first home buyers

Points to Consider:

• Less Flexibility
• Minimal or No Features (No Additional Repayments, No Offset) 
• Owner's Occupier Only (Depending on Lenders)

      ·          Less flexibility  

·          Minimal or no features ( no additional repayments, no offset) 

·          Owner's occupier only (depending on lenders) 

 Visit our resource center for a range of tools and suggested websites to help with your property search!