St.George Five Year Fixed Home Loan

If it is peace of mind that you are looking for in a home loan, you need search no further than a St.George, fixed home loan for five years. At the end of the fixed interest rate period you can choose to have the loan switched to a standard variable interest rate mortgage or fix the interest for a further fixed interest rate period. If you are prepared to pay interest in advance you can even receive 0.2 percent off the fixed interest rate for the interest in advance period.

There was a time when you would only contemplate a fixed interest rate home loan during an economic environment of rising interest rates. This is no longer true, as a St.George, fixed home loan over a five year period, comes with a load of features that you would normally expect to be found only with a variable interest rate mortgage.

A St.George, fixed home loan for five years can be arranged on a total home loan term of up to 30 years and is available to purchase vacant land or land and home purchases. Repayments can be made on a weekly, fortnightly or monthly basis. Payments additional to these regular repayments are allowed as is a convenient automatic repayment scheme that you may wish to organize from another nominated account.

Some home buyers who may prefer to keep their repayments to a minimum can opt to only make regular interest only repayments if they so wish.

Major features that come with a two year St.George, fixed home loan include the following:

• Advantage Package. With a St.George Advantage Package you can save thousands of interest dollars with a special package that includes the home loan, a transaction savings account and a credit card.
• Redraw. You also have access to any extra repayments you may have made through a redraw facility. The most you can redraw in any one year is $10,000 but this will be plenty to have those much needed renovations done as well as help in building that extra room when the baby grows.
• Repayment Relief. If a situation arises whereby you have a legitimate reason to leave the workforce for between three and 12 months, you can arrange to have your repayments reduced, or even obtain a pause from making repayments, for that period.
• Family Pledge. Through a family pledge option you are able to increase your borrowings if a parent or other family member is willing to guarantee part of your mortgage.
• Flexible Choice Home Loan. A Flexible Choice Home Loan will allow you to benefit from the best of both worlds in that you can have a part of the loan as a fixed interest home loan and another portion as a variable interest rate loan. You can catch interest rates both ways whether they go up or down.
• Rate Lock. As in all fixed interest rate home loans the amount of interest charged changes from time to time depending on many circumstances. If you feel the interest rate advertised when you make application for the loan is right for you, you can lock that rate in till the loan is actually drawn down with the payment of a Rate Lock Fee. If you don’t exercise this option you will have to pay the interest rate that is applicable on the day the home loan is signed and settled. It may be higher or lower that the interest rate at the time you first applied for the loan.
• Deposit Protect Bond. Rather than paying your cash deposit before settlement, your deposit money can keep earning you interest until it finally has to be signed over when the loan is actually drawn down, if you care to take advantage of a Deposit Protect Bond, which is also at your disposal for you to benefit from with a St.George, fixed home loan for five years.
• There are many benefits to take advantage of when you sign up for a St.George, fixed home loan for five years. After this term you can either choose to negotiate another fixed interest period or allow the loan to be switched over to a standard variable interest rate home loan, or even a flexible choice home loan where you can have a portion of the mortgage at a fixed interest rate and the other portion at a variable interest rate. There are many choices and they are all designed to suit your particular needs.

Please follow this secure link through to the St.George website for more information about St.George home loans, or to be professionally matched with the home loan product which is right for you.

Read the St.George Fixed Rate Home Loan - 5 Year Fixed Rate terms and conditions.

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