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Review by
Marc Terrano is a lead publisher and growth marketer at Finder. He has previously worked at Finder as a publisher for frequent flyer points and home loans, and as a writer, podcast host and content marketer. Marc has a Bachelor of Communications (Journalism) from the University of Technology Sydney. He’s passionate about creating honest and simple reviews and comparisons to help everyone get value for money.
Heritage Bank offers borrowers an unchanged interest rate for a term of between one to five-year loan periods. If the loan is repaid before the end of the fixed term, borrowers are liable to pay a break fee (non-applicable in the case of the basic, discount and standard-variable home loan options).
This fixed rate loan could be ideal for tentative first-time home buyers because it eliminates the risks that come with fluctuating interest rates. The bank's standard variable rate applies once the fixed-term period expires.
If you would like to apply for a home loan from Heritage Bank, please speak to a mortgage broker or speak to Heritage Bank directly.
To meet the criteria, home-loan applicants who aren't already Heritage Bank customers have to be permanent residents in Australia. A Heritage Bank home-loans specialist will provide assistance.
Whether applying online, in person at the nearest office or by post, getting all the necessary documentation in order is the first step to ensuring a smooth application process. Essential documents include: