Heritage Fixed Rate
If you value financial certainty and like to plan ahead then the Fixed Rate home loan may be just the mortgage for you.
With fixed rate terms of one, two, three or five years, as well as the option to make additional or lump sum repayments this home loan aims to ensure peace of mind.
There is also the option to refix your loan at the end of the initial term at no extra cost and homebuyers can also benefit from its unrestricted reborrow facility.
Heritage Standard Variable Rate
This loan comes with a variable rate in addition to a limited number of restrictions or penalties, which is ideal for borrowers looking to pay off their loan in the medium term.
The Standard Variable Rate mortgage features include the option to make additional repayments without penalty, as well as a flexible repayment frequency.
It also has a 100 per cent offset facility, which means that borrowers will be able to save money on the interest of their loan.
Heritage Living Equity Line of Credit
If you are planning to use the equity in your home to help you borrow more then this mortgage package may suit your unique needs.
With the Living Equity Line of Credit, you can use the equity in your home as an asset that can be spent on alternative investments.
There are also a variety of additional features that make this loan attractive to would-be property owners including access to Heritage ATMs, BPAY services, Visa Debit card and the option to make additional payments without financial penalty.
Heritage Discount Variable
The Discount Variable caters to the no-frills homebuyer who is looking for a simple loan with basic features.
It has an ongoing discounted interest rate and no monthly administration fees, as well as a reborrow facility.
There is also the option to make additional or lump sum repayments without penalty, however, borrowers can not switch in or out of the product.
Heritage Professional Package
The Professional Package mortgage lets homebuyers bundle their loan, credit card and transaction account.
Along with a range of features including the option to roll your entire home keeping accounts into one, it also has low annual fees and discounts on Heritage insurance products.
Borrowers may also benefit form the unrestricted reborrow facility, 100 per cent offset account for those with a variable rate, partial offset available on fixed rate home loans and the bank's rate guarantee for any fixed rate loan.
Heritage Bridging Loan
Moving house can be a stressful time for many homebuyers, but this situation can be worsened if you are unable to take out a loan while your house is on the market.
But the Bridging Loan attempts to overcome this by helping people move into their new home at the same time as they wait to finalise the sale of their old residence.
Its other features include a competitive interest rate, no monthly administration or early termination fee, as well as the option to make additional repayments without penalty.
Heritage Basic Variable
This is a competitive loan with a low interest rate that is ideal for first homebuyers or anyone looking to refinance an existing loan.
The Basic Variable offers borrowers the standard features and flexibility of a standard loan, but with the addition of a variable interest rate.
There are also limited costs associated with this package and borrowers may be able to save if they take advantage of a partial offset account and no monthly administration fees.
Heritage Reverse Mortgage
For those over 60, you may be able to use the equity in your home to take out a Reverse Mortgage package.
The loan works by turning your home into a cash asset that can be used to spend money on the things that are important to you such as home renovations, health card or bills.
Home owners are able to borrow up to 45 per cent of the value of their home without having to worry about loan repayments or interest.
Heritage Offset Accounts
If you are looking to save money while paying off your loan then it might be worth considering an Offset Accounts mortgage.
An offset account works in a similar way to a savings account, but in this case you are paying interest, which reduces how much you pay on your loan.
It also has an everyday access account that will help you cut the amount of interest that needs to be paid on your home loan, as well as 100 per cent interest offset for eligible candidates.
