If you’re thinking about changing your loan to match where you are in life, it’s really worth exploring more than one appealing option.
While a standard home loan term can last 30 years, you shouldn’t feel like you're stuck with that particular loan. There’s a lot that can happen in the space of a few years – let alone 30. You might want to move. You might need a bigger (or smaller) house along the way. Our lives change, and your home loan can change with you.
It’s always a good idea to make sure your home loan suits the stage of life you’re at. It may not just be about the house itself – perhaps you want different features attached to your loan. Maybe you want a line of credit instead of a traditional loan, or you like the idea of an offset account?
There are many options out there – but don’t be tempted to sign up to the first good deal you see. If you find a loan that’s mostly suitable, keep looking! You’ll find the right one, and the doing a little research upfront can save a lot of hassle.