100% Offset Account
A savings account linked to your mortgage in such a way that the interest earned on your savings is applied to reduce the interest on your mortgage.

Credit Card
In some cases a fee free credit card is available with certain loans.

Extra Payments
It is important to select a loan product that is as flexible as possible. The ability to make extra payments should be discussed when obtaining a loan.

Interest in advance
In some cases you may be able to obtain a discount on your interest rate by paying the interest in advance. These can usually be paid monthly, quarterly, half yearly or yearly.

Interest only
With some loan facilities repayments can be made on the interest only, not the principal.

No ongoing fees
There are some loan facilities which do not have any monthly or annual service or administration fees.

No penalties for early repayment
Usually found in standard variable rate loans. Most other types of loans may have some form of penalty.

Portability
The ability to transfer your loan to a different property without paying out your loan. This is an excellent feature if you have sold your property.

Redraw
The ability to withdraw money from your home loan if you are in advance.

Split facility
The ability to combine your loan with a fixed and variable rate or any other combination of products you choose.

Weekly, fortnightly, monthly repayments
It is important to have the flexibility to choose when you would like to make your repayments.