Interest Only Loans

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If you’re a homebuyer looking to finance a new property or those much-needed renovations, you might think about taking out a tailored home-loan with the flexibility to use the healthy nest-egg already behind you to slash the cost of your mortgage repayments.

The interest-only loan

This option known as the interest-only home loan provides you with a bridging mechanism that frees you from the costly expense of paying interest on the principal sum.

With the principal due at the duration of the loan (usually two to five years) the recipient of the loan can use the savings to pursue other high-return acquisitions or put the difference towards that much needed holiday.

Who is this interest only loan suitable for?

If you want to defer the cost of a property acquisition to a later date, the interest-only loan is the ideal instrument to snap up that real-estate bargain without being extorted into a mortgage that costs an arm and a leg. The interest-only loan offers the borrower the ideal opportunity to put their assets to work servicing their own future growth and enjoyment, rather than servicing the hefty repayment load of the requisite mortgagee.

So if you are tired of being encumbered with high repayments and don’t want to see your hard-earned cash tied up in needless debt installments, why not visit the eChoice to find the interest-only loan that is suitable for you. While you are there, check out the easy to use mortgage calculator and compare the interest-only loan with other eChoice loans.

Speak with an eChoice home loan consultant today to learn mroe about the interest only home loan options available to you – Click Here

House prices in Australia will have variable results next year with some key cities set for improvement while others might struggle in raising the median values.

A Reserve Bank of Australia interest rate hike in February 2010 is unlikely to happen because of the market’s recent movements.
Swift markets movements began on the 1st of December after the RBA made their meeting’s minutes public. These movements were also backed by RBA Deputy Governor Ric Battellino’s speech.
Battellino stated that rates can maintain its [...]

When shopping for a home loan it can be easy to get carried away with advertisements and television commercials that pitch various financial products from big banks and lenders without doing any real research.

The Reserve Bank of Australia officially lifted interest rates for the third consecutive month to 3.75 per cent. This new increase was implemented despite the fears about Dubai’s debt that can have a toll on the global economy.

Economists predict that the Reserve Bank of Australia will implement another interest rate hike after their board meeting.
Rates are likely to go up by 25 basis points to potentially peg the interest rate to 3.75 per cent.
Should it push through, this will be the first time that the RBA will increase rates for three straight [...]

Due to the soaring business conditions, a possibility of another interest rate rise could be discussed when the Reserve Bank of Australia board will meet again in December.
After the two 25-basis point rise in October and December, the financial market is registering a 75 per cent chance of another 25-basis point cash rate increase. According [...]