by Greg North | May 24, 2022 | Types of Financial Services, Types of Property Finance
Offset accounts in Australia, an offset account is a savings account that is attached to your mortgage (loan) account. Savings in the offset account is deducted (or offset) from the loan amount whiches reduces the interest payable. Smart mortgagees (home loan...
by Greg North | May 17, 2022 | Types of Property Finance
What is an Interest-Only Loan or Mortgage? An interest-only loan is structured so that you only pay the interest component on your loan. For these loans, the principal of the loan is not repaid during this repayment period. There is usually a specified, short-term...
by Greg North | May 17, 2022 | Types of Property Finance
What is a Split Loan or Mortgage? A split loan is a complex structured mortgage that folds in the features of multiple types of loan products, eg, fixed interest rate and variable interest rate. The primary reason this is considered is to incorporate the security of a...
