Honeymoons don't just apply to marriage, there is a honeymoon rate home loan too. These types of loans are usually offered to first home buyers and may also be called introductory rate home loans.
Basic variable home loans are a type of loan that offers less flexibility and in return has a lower ongoing interest rate when compared to the standard variable rate. A basic variable home loan may have low or no ongoing fees and a reduced or nil application fee but there are some drawbacks. click to continue reading
A standard variable rate home loan, is a home loan where the interest rate moves up and down. This is normally in line with changes to the Reserve Bank cash rate. A standard variable rate home Loan generally comes with more bells and whistles compared to the basic variable home loans but it does come at a cost. .Click here to learn more
Life is unpredictable but your home loan doesn’t have to be. Fixed rate home loans can provide you with the certainty you need. With a fixed rate home loan you can fix your repayments for a set period of time. However, a fixed rate loan does come at a higher cost than other loans. But this higher cost may suit you instead of staying up at night worried about interest rates moving. As a strategic mortgage broker, we find that for some clients getting a fixed home loan is a good option. Click here to find out more
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