Fixed vs. Variable Rates: Fixed-rate loans keep the same interest rate for a specific period, while variable rates can change with the market.
Loan Features: Look into loans offering features that might be beneficial for you, like offset accounts, redraw facilities, or the ability to make extra repayments without penalties.
Loan Types: Whether it’s a standard principal and interest loan, an interest-only loan, or a line of credit, understand what each entails.
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