Newcastle Permanent Real Deal Home Loan
Some people may want a basic home loan that has a broad appeal for all needs. These loans allow people to receive all the savings at the beginning and allow them to continue saving throughout the term of the loan. This article will explain all the features of the Newcastle Permanent Real Deal Home Loan while also showing how to effectively use all the features to save you more money.
Features of the Newcastle Permanent Real Deal Home Loan
The Newcastle Permanent Real Deal Home Loan comes with many features that are there to help you save. These features are:
- Flexible repayment options. The Newcastle Permanent Real Deal Home Loan allows you to pay the loan off the way you want. You can choose between the three repayment options. These are weekly, fortnightly or monthly payments.
- Pay only the interest. The Newcastle Permanent Real Deal Home Loan allows you to pay only the interest portion of the loan. This can be done for 5 years over the course of the loan and is in place to allow you to have some flexibility if your financial situation changes.
- You can make additional repayments. You can make additional repayments at anytime when you use the Newcastle Permanent Real Deal Home Loan. If you receive extra money you are able to put this on your loan for no extra charge. You can put as much extra money on the loan for no charge as long as the loan is not paid out in less than four years.
- Redraw the money at any time. If you make additional repayments you will receive the benefits of a lower amount of interest being charged to the loan account. The Newcastle Permanent Real Deal Home Loan also allows you to redraw the funds you need them. This is an essential feature as it allows you to put money on your loan without having to worry about extra costs that may arise.
- The ability to split the loan. By splitting the loan you are able to subject each part of the loan to a different loan scheme. This can ensure that you receive the benefits from all the different loan types that are available while still protecting your investment. Most people will split the loan with a fixed rate option so you can make sure you don’t pay too much when interest rates rise while still receiving a benefit from a fall in rates. The Newcastle Permanent Real Deal Home Loan allows you to split the loan between the Fixed Rate Home Loan, Real Equity Home Loan, Intro Rate Home Loan or Premium Plus Package Home Loan.
- Mortgage offset account. The Newcastle Permanent Real Deal Home Loan allows you to offset your savings against the loan to reduce the amount of tax charged to the loan. This is a handy way to utilise your savings to save you more money.
The basic home loans are very straight forward loans that allow people to get a great home loan without having to constantly manage the loan account. The Newcastle Permanent Real Deal Home Loan offers a basic home loan with a discounted interest rate and many additional features. All these factors combined can ensure you that you will be receiving a great deal on your home loan. Please contact us to find out more about this home loan.
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