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  • Importance of getting the right loan


    Matt Clark explains the importance of choosing the right home loan and helps first home buyers understand different types of home loans.


    It is very important to get the the loan right.  Everybody's situation is different and their plans are different.

    Some people are buying a house and they're going to be there forever.  Others, it's an investment or it's a stepping stone to something else.

    There are a number of options available.  With fixed loan and value advantage packages.  Often basic type loans as well.

    You don't want to get yourself in a situation though, where you're paying for things you're not going to use.  Or conversely, you've locked yourself out of certain features that you do need.  And whilst it may seem cheaper at the time it may end up costing you more in the long run.

    There are a lot of different speculations to where rates are going. Six months ago they're going up, now they are going down.  The fixed rates at record lows.  No problem in locking something in.

    I think at this stage of the rate cycle though, with almost every product under five percent, you can't really go wrong.

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    About the author

    • Wollongong - Matthew Clark

      Multi-award winning home loan expert, Matthew Clark has been in the mortgage industry for over a decade as Principal of RAMS Home Loan Centre Wollongong. Matthew was awarded the RAMS National Franchise of the Year 2014 for his tireless commitment to helping regular Aussies realise the great Australian dream of home ownership.

      In addition to Matthew’s hands-on experience in the industry, he also holds a Master’s in Commerce as well as a Diploma in Mortgage Lending.

      Contact your local RAMS Home Loan Centre about your home loan options.


      Matthew Clark

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  • Disclaimer:

    The information here is of a general nature only and is not intended to constitute financial or tax advice. You should consult your professional adviser, accountant or taxation expert for advice specific to your personal circumstances.

    The views and opinions expressed in this article are those of the author alone and do not necessarily represent the views or opinions of RAMS Financial Group Pty Ltd ABN 30 105 207 538 (RAMS),  Westpac Banking Corporation ABN 33 007 457 141 (Westpac) or their related bodies corporate. This article is strictly for information purposes only and neither RAMS, Westpac nor any of their related bodies corporate make any representation as to the accuracy or completeness of the information in this article or endorse the views expressed in it.