A loan given by a bank or non-bank lender for the purchase of a primary residence/ home or investment property.A home mortgage will have either a fixed or variable interest rate, and will either be interest only or P&I (Principle and Interest). This is a very competitive market with many lenders and a wide range of interest rates and options depending on your requirements. It is important to regularly review your residential mortgage loan rates and terms to ensure you continue to get the best option for your needs.

When it comes to home loans there are five key areas you need consider:

• Loan type: What type of a buyer are you?
• Interest rates: what type of rate do you want?
• Fees: uncover hidden costs and learn how to minimise them
• Features: do you need a flexible home loan?
• Loan size: how much should you borrow?