Safeguard yourself against any unexpected mortgage fees & charges by reading the fine print before you sign on the dotted line.

If your in the market for a new home loan you might be reasonably excited about some of the offerings up for grabs, but sometimes , as is often the case in life, deals aren’t as good as they first appear. It is critical to be confident your home loan is right for you. While some interest rates can be compelling it is important not to take them at face value. Make sure you find out what the comparison rate is. This takes into account the overall cost of the loan including any fees and is usually a better indication of the total cost you are up for.

If it’s a fixed rate you are looking at, be sure to find out what the loan reverts to after the fixed period ends. Honeymoon rates for example can increase to a much higher interest rate one or two years down the track.

Your mortgage may incorporate any number of fees so make sure you are aware of them all before making your choice. Possible fees include application fees, establishment fees, service or account keeping fees, and early termination fees. These can amount to thousands, so don’t just waive them off. Enlisting the expert assistance of a broker may help ensure you aren’t hit with any surprise expenses and will make trailing through the array of products and their associated fees a lot less work.

Give us a call today and we’ll help run you through the options. Call John Whitten on 0749722081 or 0410433919. You can also email him on jwhitten@ihl.net.au or look us up on the net www.ihl.net.au . John Whitten is a credit representative (CRN 399796) of BLASSA Pty Ltd (Australian Credit Licence No 391237).