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Home Loans-Standard Variable
Standard variable home loans are the standard home loans that lenders supply. They are the most common type of loan approved by lenders and as the name suggests, interest rates are variable. Compare Standard Variable Home Loans
Home Loans-Fixed Interest Rate
Fixed interest rate home loans are where the interest rate is fixed for a certain period of time. The fixed rate period can be from 1-5 years depending on what the lender required. Generally used where lender wants to protect themselves against possible interest rate rises. Compare Fixed Rate Home Loans
Home Loans-Basic Variable
Basic variable home loans may not have all of the same features as a standard variable loan but usually has a reduced interest rate for the term of the loan. It is often referred to as a Basic or No Frills Home Loan. Compare Basic Variable Home Loans
Introductory Home Loans
Introductory Home Loans are very similar to the standard variable loans however the difference is that for the first year, or sometimes for the first 6 months, the interest is lower than the standard rate. Usually, it is around 1% lower for that first year. Compare Introductory Home Loans
Home Loans-Split Interest Rate
Split interest rate home loans as the name implies involves splitting the loan into two or more different types or structures. Sometimes also called “Combination Loans”, these loans allow a borrower to have a portion of the loan under one structure and the other portion under another structure. Loans can be split as many times as a client wishes but most lenders will have a minimum dollar value for each split and additional costs for each split are sometimes applicable. Compare Split Interest Rate Home Loans
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