The one thing to check before applying for a home loan
A home loan is a daunting prospect for anyone, let alone seniors who may have to make do on a fixed income. But if you’re planning on a sea or tree change it may be a necessity. So how do you find the right loan for your situation?
Well, the good news is there’s now a tool that can help you navigate the clutter of financial products available and identify the one that best suits your individual needs.
Over60 Comparison Tables has launched a mortgage calculator that’s makes it easy to visualise and compare the home loans available and ultimately make the right call.
Powered by RateCity, one of Australia’s leading comparison websites, the mortgage calculator is full of information, with an interface that is easy to use and understand.
Filter products by Property Value, Loan Amount, Interest Rate and Loan Term, as well as Repayment Frequency and Repayment Type. The mortgage calculator will break down your home loan repayments, interest payable and the total cost of the loan, while also generating a graph of the repayments schedule.
To find out which home loan is the right choice for you, compare it to the market with the Over60 Comparison Tables mortgage calculator.