Newcastle Permanent Fixed Rate Home Loan
What happens when I click Enquire Now?
- Clicking Enquire Now will take you to the lender's website
- After completing the contact form, a mortgage expert will contact you
- The mortgage expert will ensure you find the right loan, calculate your repayments, and explains all the associated fees
- After going through the enquiry process you will be able to know how much you can borrow, begin your application when you are ready to apply and be approved for a home loan
Fixed rate home loans are a great option for cautious people. The fixed rate home loans offer a fixed rate over a period of time. This means that even though the interest rates rise your interest rate will stay the same, therefore your payments will also stay the same. The Newcastle Permanent Fixed Rate Home Loan is one of these fixed rate loans and is a great option for all people who are considering buying a home. The home loan offers a fixed interest rate for a period of your choice and a variety of features that can also help you save money. The interest rates offered on the Newcastle Permanent Fixed Rate Home Loan are:
Features of the Newcastle Permanent Fixed Rate Home Loan
In addition to the great fixed interest rates the Newcastle Permanent Fixed Rate Home Loan offers a variety of features. These features are:
- How much can you borrow. Existing customers can borrow up to 95% of the value of the home on the Newcastle Permanent Fixed Rate Home Loan. New customers can borrow 90%. The loan must be paid off after 30 years.
- Flexibility in your repayments. The Newcastle Permanent Fixed Rate Home Loan allows you to pay the loan off in weekly, fortnightly or monthly payments.
- You can make additional repayments. At anytime you are able to make additional repayments onto your Newcastle Permanent Fixed Rate Home Loan account. This feature not only allows you to pay off your loan faster but reduces the amount you pay in interest.
- Take a break from repayments. If you have made additional repayments onto the Newcastle Permanent Fixed Rate Home Loan account you can apply to take a break from repayments. When on the break you are able to just use the additional funds you have built up to pay off the loan.
- Pay only the interest. Money may become tight over the period of the loan. However, knowing that you can reduce your payments and pay only the interest can makes sure you can have peace of mind. You can do this for a period of 10 years.
- The loan is portable. 30 years is a long time and you may wish to move. If you do decide to move you can move the Newcastle Permanent Fixed Rate Home Loan to your new home. This saves you the time in reapplying for a new loan and allows you to avoid all the associated costs.
- Fees. The Newcastle Permanent Fixed Rate Home Loan charges an establishment fee of $500 however there are $0 ongoing account keeping fees. The account keeping fees can significantly add to the cost of a loan. By avoiding them you will end up paying much less on your loan.
Fixed rate loans are a great way to secure your payments into the future. They are especially useful if you are able to fix the interest rate at the lowest point of interest rate fluctuations. The Newcastle Permanent Fixed Rate Home Loan gives you the option to fix your loan for a period decided by you. In addition to this the Newcastle Permanent Fixed Rate Home Loan can help you save more money by taking advantage of some of the option features that are available.
Read the official terms and conditions
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