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Review by
Rebecca Pike is Finder's senior writer for money. She joined Finder after almost four years writing for business publications in the mortgage and finance industry, including three years as editor of Mortgage Professional Australia. She regularly appears as a money expert on programs like Sunrise and Today, as well as across radio and newspapers. She also holds an ASIC-recognised Tier 1 Generic Knowledge certification.
Newcastle Permanent’s Real Deal Home Loan offers flexibility and no ongoing fees, allowing you to work towards paying off your home loan as soon as possible.
The loan is ideal for both owner occupiers and investors, whether you’re refinancing or buying your first home. With an LVR of up to 95%, it is a great solution for new buyers who want to buy with a small deposit and make the most of the features offered.
The Real Deal Home Loan offers you the ability to make additional repayments towards your loan. If you need the cash, you can then redraw from those repayments either online or in a branch.
There is a high application fee to consider, so make sure you work that into your costs. But overall, thanks to no other fees, it does not largely impact the comparison rate.
Before making the decision that this is the right home loan product for you, make sure that you meet the following eligibility requirements:
If you meet these requirements and would like to apply for the Real Deal Home Loan click the "Go to Site" button. This will take you safely to the loan inquiry page. Here you will be asked to fill out a contact form so that a Newcastle Permanent home loans expert can get in touch with you to discuss your options.
When applying for a home loan product be prepared to present the following documentation:
While the competitive interest rate and waived establishment fee are appealing features of this home loan, there are other points to take into considerations such as the offset account.
When comparing this loan with others, be sure that you look at all of the features offered to make sure that you are getting the best value for your situation.