My first homeloan

[Mike33]

Im looking to take my first homeloan. I know to look for things such as low interest rates, but any advice for things in particular to look out for to get the best value for money?

 

[peterh_oz]

Fees
Access (redraw etc) including fees & minimums
Can you pay weekly/fortnightly? Can you pay via payroll deduction or only by direct-debit (you'll need a bank account with a FREE direct debit facility eg ANZ otherwise you're being charged to deposit to homeloan)
Portability or early payout fees?

Speak to a broker or 2 (not a fly-by-night one!)

 

[1jasonoz]

Also ask about there customer programs. I am with Westpac, and if you earn over $65,000 per year, plus have a mortgage over a certain amount(can't remember the exact figure), i get a .6% interest rate reduction on my mortgage, .25% reduction on my BT Margin Loan, plus no fees on any loans, savings acounts etc. They all add up to a nice saving.