Choosing a home loan: questions worth asking
A practical starting point for comparing costs, repayments and flexibility.
Start with your priorities
Consider your budget and how you expect to use the loan. A feature is useful only if it suits your needs.
Compare costs
Ask about interest, upfront fees and ongoing fees. Compare lender Key Fact Sheets on a consistent loan amount and term.
Understand flexibility
Ask whether extra repayments, redraw or an offset account are available, and what they cost. Check early repayment conditions.
Get an explanation
Ask your broker to explain each option and why it may suit your circumstances.