Many lenders will offer you a basic (no frills) home loan or a full-featured home loan with an annual package fee.
The basic home loan interest rate is usually lower and does not come with fees, however the full-featured option will set you back between $199 to $395 every year.
What’s the difference?
The basic home loan does not offer an offset account and usually has restrictions on what you can do with your loan. If you want an offset account (not sure who wouldn’t) then you have to pay the package fee.
Is it worth it?
Here’s why it’s worth it