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Is fixed or variable rate better?

This will depend on your personal situation and preferences. If you prefer the security of knowing exactly how much your repayments will be every month, then a fixed rate home loan locked in for a se…

What is a Key Facts Sheet?

Looking for the right home loan can be overwhelming. However, our Qantas Money Home Loans Key Facts Sheet generator can help you narrow down your search and make an informed decision. A Key Facts She…

What type of home loan is best if I’m a first home buyer?

Before choosing a loan type, the first step is to ensure you have a large enough deposit for your property purchase. At Qantas Money Home Loans, you must have at least a 10% deposit (or equity) for o…

What is a variable rate home loan?

A variable rate home loan is one where the interest rate goes up and down with market fluctuations, which are influenced in part by the official cash rate set by the Reserve Bank of Australia (RBA).…

What types of home loans does Qantas Money Home Loans offer?

At Qantas Money Home Loans, we offer a range of home loans to suit your individual needs. These include: Loan types: Basic Home Loan. Offset Home Loan. Interest rate types: Fixed rate - interest rate…

What is a fixed rate home loan?

A fixed rate home loan is one where the interest rate is locked in for a certain period (usually 1-5 years). At the end of this period you can either commit to another fixed rate or revert to a varia…

I’m not sure which type of loan or features will be best for me. Do I need to know before I apply online?

No, it’s not essential. You’ll be asked a series of questions during the application process that will not only tell us whether you’re a good fit for one of our loans, but also help to narrow down th…

How do I choose the repayment type for my home loan?

There are two main types of home loan repayments - principal and interest loans, where you pay off the loan amount plus interest (the most common type); and interest only loans, where you only pay th…

Principal and interest or interest only?

Principal and interest is the most common type of home loan. This involves making repayments that pay down some of the principal balance plus the interest accrued. Some people opt for an interest onl…

What is a roll-to rate?

A roll-to rate, also known as a revert rate, is a variable interest rate that fixed rates and/or interest only roll to at the end of the fixed term period or an interest-only period. Your contracted…

What is a home loan interest rate?

A home loan interest rate is the cost of borrowing money. It is represented as the percentage of your total loan amount that you will be paying (e.g., 5.99% of your loan amount). By paying interest o…

What is an offset account and how does it work?

An offset account is similar to a savings account, however, it is linked to your home loan and offsets the balance of your home loan. The balance of money in your offset account is deducted from your…
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