Home truth: When you're looking for a home loan it's hard to think about anything else
Whether you're buying a home to live in or looking at investing in property there are so many things to consider when it comes to getting a home loan. With all the different types of loans available, all offering different features and options, it's easy to become a little preoccupied and confused.
A home loan is very personal, so it needs to be just right for you and your lifestyle. That's why Suncorp has developed the Home Truths Checklist. It can clear up some of the confusion and help you figure out what kind of home loan has the features and options that are best for you, now and in the future.
Through a series of simple questions about your lifestyle, your needs and goals, you can determine what sort of home loan you should be looking for. As a result, you'll be better prepared when selecting a home loan and more confident that you're getting the best use of your money.
Home truth: Honesty is the best policy
If you're honest with your answers to the questions, the checklist can reveal some real surprises, even change the way you think about home loans. So go ahead, invest 10 minutes completing the Home Truths Checklist. It could save you a great deal of time and money when it comes to the biggest financial commitment you'll probably ever make.
Go to Home Truths Checklist
Likes and dislikes about your existing home loan
If you already have a home loan or you've had one previously, it's a good idea to jot down what you liked or disliked about the home loan and the organisation that provided it. This will help when selecting your next home loan and the organisation you want to deal with.
Here are some examples:
| Liked |
Disliked |
| The lender took the trouble to check whether my needs were likely to change in the next year or so. |
My loan wasn't very flexible. I couldn't access extra repayments I'd made. |
| They came to me to talk about the loan. |
I get paid fortnightly, but they'd only let me pay my loan monthly. |
| The loan was structured to minimise the impact of interest rate rises on my repayments. |
|
Find out more about Refinancing
Home truth: It pays to be prepared
It's a good idea to have your finance organised before you go house hunting. With a pre-approval certificate1 you'll not only know how much you can afford, but you'll be able to act on your decision to purchase. And if you're after an investment property, a deposit guarantee2 can help you secure a property without having to quickly convert your other investments into cash. Acting as a substitute for a cash deposit, a deposit guarantee let's you move quickly to secure your investment.
Bargaining Power
Take a collective approach to all your finances and you can really start to get the best from your money. If you have bank accounts or insurance with a company other than your lender it may pay to check what incentives they have for you to transfer your business. When you have a Suncorp home loan, you can benefit from a range of financial incentives and services.
Call On Our Help
If you'd like further information about anything covered in the Home Truths Checklist, talk to the home loan experts at Suncorp. Drop into a Suncorp branch, call us on 13 11 34 or email us. We can even arrange for one of our mobile lending consultants to visit you.
Important Information
This section provides general information and is not intended to constitute a recommendation. It is a guide only. Before making any decision on a type of home loan, we suggest you take into consideration whether the information provided in this guide is appropriate to your particular personal situation, objectives and financial circumstances. We also recommend you consult one of our lending consultants.
1 Final approval, irrespective of any pre-approval, is subject to a satisfactory valuation and the applicant meeting credit requirements and/or terms and conditions at the time of application.
2 Deposit Guarantee is provided by Vero Insurance Ltd ABN 48 005 297 807. Neither Suncorp nor its subsidiaries guarantee the products provided by Vero Insurance Ltd.
