Tiimely Home home loans

Borrowers wanting to apply for Tiimely Home home loans should know that the process is 100 percent online, though if they need any assistance there is a customer service phone number available. Before applying for an Tiimely Home home loan, consider what you can afford to borrow and what other costs you need to factor in. To apply for an Tiimely Home home loan, you may to supply the following information:

• Proof of identity
• Australian citizenship or permanent residency. You must also live in Australia
• Proof of income
• Internet banking logins or at least 3 months of transactional statements
• Have a 10% deposit

Tiimely Home mortgage rates are typically on the lower side for both owner-occupiers and investors, compared to the Big Four Banks.Tiimely Home is an online-only lender, so it doesn’t have to maintain the expensive branch networks run by traditional banks, which means it can undercut them on interest rates. They also offer fewer frills than large banks, making it easier to charge their customers lower rates.

Tiimely Home home loan rates vary from product to product. While most of Tiimely Home's interest rates tend to fall between very low and moderately low, investors do pay higher rates than owner-occupiers. As a general rule, principal-and-interest borrowers are offered lower rates than interest-only borrowers, and variable home loans have lower rates than fixed home loans.

Tiimely Home home loans are perhaps better suited to customers looking for a competitive interest rate, and do not rely on face-to-face customer service.  Home loans offered by Tiimely Home are relatively no-frills, and in return, they tend to have low interest rates and low fees.

Tiimely Home does not operate any bank branches, so their mortgages are only suitable for those who are comfortable with their customer service living 100% online and over the phone.

Tiimely Home does not charge an application fee or monthly administration fees. There is no charge for redraw, though customers do pay a monthly fee for offset accounts. Customers are permitted free unlimited additional repayments.