25 years versus 30 years home loan terms
There are a lot of decisions that have to be made when choosing a home loan. One of the most important is the loan term length. When you are paying off a loan over such a long time, five years give or take, doesn’t seem like much but it can make all the difference financially.
Prevent your mortgage from limiting your lifestyle
The great Australian dream of owning a home can quickly turn into a nightmare if your new home sucks up your entire income, leaving little left over for a comfortable lifestyle.