Low Rate Home Loans - No Extras!
One of the most popular loans, the Low Frills Loan has the lowest running costs - and less extras - so you pay a lower interest rate. Before you choose this loan make sure that you don't need any extras (such as fee free credit cards and accounts etc) and compare the costs of getting them separately.
Advantages
- Discipline - regular repayments help you with budgeting.
- The interest rate is always lower than traditional loans.
- Extra repayments are usually allowed.
Disadvantages
- Money held in normal savings accounts with the same institution will not reduce your home loan rates.
- The interest rate is variable and you are vulnerable to interest rate fluctuation.
- Other facilities such as loan redraw may not be available.
Carruthers Financial Services was established in 2000 filing the service void left by the major banks by providing a mobile, one on one service. We not only help you arrange your finance, but we continue educate and work with you on a regular basis, so you can achieve the Australian dream of owning your own home sooner. 
