Powered by MOMENTUM MEDIA
subscribe to our newsletter

Home loans 'not just a product': Sirianni

Home loans should be viewed as a vehicle through which borrowers can achieve their financial goals, and not just a product, according to Smartline.

While the interest rate is the selling point for most borrowers, loan structuring should also be a major consideration, Smartline executive director Joe Sirianni said.

“People need to view their home loan not just as a product, but as a vehicle which can help them achieve their goals,” Mr Sirianni said.

“Advice from a quality mortgage adviser from the very beginning, which is then reviewed on an annual basis to ensure that the measures put in place are still the most appropriate, is essential for people wanting to achieve their property goals,” he said.

While loan structuring takes into account the actual home loan product itself, consideration is also given to how the loan is secured, whether it is fixed or variable (or a combination of both), the types of repayments (interest only or principal and interest) and whether there is benefit in facilities such as redraw and offset accounts, Mr Siriani said.

Advertisement
Advertisement

PROMOTED CONTENT


“Your mortgage adviser will look well beyond the headline interest rate and ensure that all the many other considerations associated with a home loan are working in your favour,” he said.

 

Home loans 'not just a product': Sirianni
mortgagebusiness

Latest News

The chief of Australia’s largest bank has said lenders should act pre-emptively and shift their floor rates for mortgage serviceability am...

Total household wealth reached a high of $13.4 trillion in the June quarter, primarily due to rising property prices, according to the Aust...

The property exchange settlement platform has been granted approval to establish an Electronic Lodgement Network in the ACT.  ...

Join Australia's most informed brokers

Do you know which lenders are providing brokers and their customers with the best service?

Use this monthly data to make informed decisions about which lenders to use. Simply contribute to the survey and we'll send you the results directly to your inbox - completely free!

How long do you think it should take to discharge a mortgage?

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.