At Sky Accountants Ballarat & Bookkeepers Ballarat, our goal is to empower you to become a better, more finance-focused and well-rounded entrepreneur. Contact us at info@skyacc.com.au or 1300 328 855

Ballarat Accountants & Ballarat Mortgage Brokers

If you are considering a home loan, the first comparisons you make are interest rate and fees charged. Home loans offer many options that it’s worthwhile to take a look at each loan’s features and see which one is best for your needs.

Look at the offset account, which is the ability to save surplus funds in a separate bank account that can be used to offset the interest on your loan to save you over time. You should also look at additional repayments, which is the ability to pay more funds off your loan without penalty. This will reduce your debt faster and save you more on interest.

The ability to split loan balance to have one part on a fixed rate and another on a variable rate must also be considered. Check if the loan features a repayment holiday, which is the ability to make reduced payments or take a break from repayments for a certain period to cover life events like maternity leave or job redundancy. Redraw facility, on the other hand, is the ability to make more repayments on the loan with the option to withdraw the funds at a later time if needed.

At Sky Accountants Ballarat & Bookkeepers Ballarat, our goal is to empower you to become a better, more finance-focused and well-rounded entrepreneur. Contact us at info@skyacc.com.au or 1300 328 855

Ballarat Accountants & Ballarat Mortgage Brokers

Another feature to look for is the portable loan or the ability to apply the loan to a replacement home if you sell and buy another. Check if you can top up or increase your borrowing limit without having to apply for a new loan.

Before you make any decision, we encourage you to seek professional guidance so you can reduce your fees, interest and stress significantly.

The information contained in this article is general information only. It is not intended to be a recommendation, offer, advice or invitation to purchase, sell or otherwise deal in securities or other investments. Before making any decision in respect to a financial product, you should seek advice from an appropriately qualified professional. 

We believe that the information contained in this document is accurate. However, we are not specifically licensed to provide tax or legal advice and any information that may relate to you should be confirmed with your tax or legal adviser.

Contact UsContact Us

As you look for different ways to grow and improve your business, seeking professional advice could prove to be an important and helpful decision.

You can click here to speak to a businessaccounting and bookkeeping firm. We also offer hospitality business consultation and mortgage services. We will give you a call to know more about your needs. We will explain to you how we can improve your business.

We would love to help you formulate investment strategies and streamline your processes to take your business to the next level.  Our goal is to help you grow your business, find ways to invest more and increase your productivity.

Sky Accountants Ballarat

Phone: 1300 328 855

Office Address: 902 Howitt Street, Wendouree, Victoria 3355, Australia

Postal Address: PO Box 2234, Bakery Hill, Victoria 3354

Sky Accountants Gisborne & Macedon Ranges

Phone: 03 97444522

Office Address: 45 Hamilton Street, Gisborne, Victoria 3437, Australia

Postal Address: PO Box 270 Gisborne Victoria 3437

Ballarat Accountants

Phone: 1300 328 855

Office Address: 902 Howitt Street, Wendouree, Victoria 3355, Australia

Postal Address: PO Box 2234, Bakery Hill, Victoria 3354

Gisborne Accountants | Macedon Ranges Accountants

Phone: 03 97444522

Office Address: 45 Hamilton Street, Gisborne, Victoria 3437, Australia

Postal Address: PO Box 270 Gisborne Victoria 3437