Commbank Mortgages offers a range of home loan products with different features, rates, and fees to suit the needs and budgets of different customers. Some of the home loan offers currently available from Commbank Mortgages include:
- Variable rate home loans: These loans offer flexible repayment options and the ability to make extra repayments without penalty. Variable rate home loans have interest rates that can go up or down, depending on market conditions.
- Fixed rate home loans: These loans offer certainty and stability by locking in an interest rate for a set period of time, typically between 1 and 5 years. Fixed rate home loans can be a good option for customers who want to budget for their repayments without worrying about interest rate fluctuations.
- Interest-only home loans: These loans allow customers to make interest-only payments for a set period of time, typically between 1 and 5 years. Interest-only home loans can be a good option for customers who want to minimize their repayments in the short-term, but should be carefully considered as they can result in higher overall interest costs over the life of the loan.
- Low deposit home loans: These loans are designed for customers who have a small deposit, typically less than 20% of the property value. Low deposit home loans may have higher interest rates and fees than other home loan products, but can be a good option for customers who don’t have a large deposit saved.
- Construction home loans: These loans are designed for customers who want to build their own home. Construction home loans are typically drawn down in stages as the construction progresses, and may have different interest rates and fees than standard home loans.
Overall, Commbank Mortgages offers a range of home loan products to suit the needs and budgets of different customers. Customers can compare the features and benefits of different loans, and choose the one that best meets their needs.
