An All-In-One Home Loan Combining Your Banking With Your Home Loan
If you are looking to decrease your interest charges by combining all your banking transactions with your home loan, then you should consider an All-In-One home loan.
All-In-One home loans are essentially a transaction account and a home loan combined. They allow you to directly credit your salary or other income to the account and then withdraw your funds via ATM, EFTPOS, linked credit card or cheque book, as you need it.
The major benefit of an All-In-One home loan is that it enables you to decrease your interest charges by keeping your funds in the account for as long as possible. The interest rate on All-In-One home loans may be slightly higher and you may also be charged a monthly access fee.
However, as a caveat, you must pay attention not to withdraw more than you deposited in the first place. This type of loan suits only fairly disciplined first time borrowers, or experienced investors.
More Information on Getting a Home Loan
If you would like more information or to talk to a mortgage broker about home loan options that are in your best interest, call us on 13 LOAN (or +61 2 9249 3739 for international callers) or email us the form on this page and we will return your contact within 2 business hours.
More information and home loan help
For more information on how and where to find a better home loan deal from an extensive panel of Australian banks and secure mortgage lenders, or to speak to your local area mortgage expert, contact us on 13 LOAN (direct +61 2 9249 3739)
