How home loans work – ASB tips will teach you how home loans work. Visit or watch more ASB money tips at

Our guide includes; what a mortgage is, what to consider, home loan options and handy tools.

A mortgage is a loan for your home that is similar to a regular loan, but larger, with your house acting as security against the loan. Before committing to a home loan, it is important to calculate the repayments you can afford, to ensure you can meet the repayments required of the loan amount you are after.

Mortgage options vary in terms of the length of the mortgage, interest types and how you pay the interest. Longer mortgage terms can mean lower repayments, but you could end up paying more interest overall. You can also choose a fixed interest rate for a particular time period, or have a floating interest rate, which varies with market conditions.

Visit our website for more tips and calculators to help you plan for buying a home

ASB lending criteria, terms and conditions apply.


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