PERTH & MANDURAH 08 9367 4222

08 9367 4222

Home Loans

What you need to know!

Acquiring finance to purchase a property can sometimes be a complex process, depending
on your financial situation and existing commitments. With that in mind, we have compiled
a list of the key things that you need to be aware of when considering a home loan.

Home Loan Types

Principal and Interest

This is the most common type of home loan and includes a combination of both principal and interest components in the monthly repayment.

Interest Only

Popular with property investors, this type of loan means that you will only pay off the interest that is incurred on your loan for a period of time, and not make any repayments to the principal of your loan, which reduces your monthly commitment. Once the interest only period ends, the loan will generally revert to a principal and interest loan.

Line of Credit

This loan is a credit facility which uses your existing property as security. You can withdraw funds at any time and will only be charged interest on the credit you use, rather than the total credit limit.

Talk to an expert

Enter your details and one of our expert brokers will be in touch with your options!

By providing your email address you are consenting to receive marketing communications from Launch Finance in future on the understanding that you have read and agree to our Privacy Policy and that you can opt out at any time.