You might be mistaken if you still think that home loans are still classified only between the traditional fixed interest rate or floating interest rate loans. A lot of home loan companies and banks around the world are trying to stay competitive among the many others and thus discovering of new home loans sprouted left and right. It’s maybe time to stop fretting on getting a residential home loan for your dream home and check out this website and see what is more in store for you.
Confused on what to choose from – fixed rate or floating rate? It has been known that most home loan borrowers tend to find it confusing to just choose between these two options. Articles flooding the internet between the differences of these two options clearly states the advantage of going for the first option rather than the other that makes it more confusing. It is now made possible to choose the both interest rate residential home loans given the situation. A home loan borrower can now be able to decide which part of his loan can be charged with a fixed interest rate or with a floating interest rate all depending on his terms, agreed with the lender of course.
Is it right to choose the fixed interest rate over the disadvantageous floating interest rate? Check this out! The fixed rate home loans is just right for you. Here now comes a special type of loan that you can choose from that has fixed interest rate and also floating interest rate – click for more info to discover more about this scheme.
The family is getting bigger thus in need of a bigger home right? We have a solution for that! Short term bridging loan is what you need. This type of loan will solve your problem on that. To know more about this type of loan, click more on this website.
A no no for big equated monthly installments (EMI’s)? It is but normal that as time passes, surely individuals will have an increase in their salary and by that, they can be able to afford big EMI’s – this is basically the purpose of the step-up repayment. Therefore, the bank have come with this home loan with step-up repayment scheme. The equated monthly installments for his type of loan is designed to be lower then will increase over time. The principal of your equated monthly installments can actually be relinquished for the initial period when you choose this special type of residential home loan. Reassuring career path can be a step away from an approved residential home loan with this step-up repayment scheme.