The different types of home loans available offer many choices such as fixed rate home loans, variable rate home loans, low doc home loans, home loans with a line of credit attached or an offset account linked to the home loan. For many property buyers, the reasons for buying a pre purchase contract review are obvious – you want to know as much as you can about what costly contract clauses there might be to bring the property into an acceptable legal condition. For further reading, visit the NSW, VIC, QLD or WA Government websites. Some other home loan choices investors often select is to have a redraw facility or line of credit attached to their home loan. This allows the investor to draw funds from the home loan for other investments as they arise.