Sydney mortgage brokers
Sydney mortgage brokers tips: Basic Variable Loan
Basic variable loans typically offer lower interest rates and fewer features than the standard variable loans. You often have the option to pay for any additional feature required. Interest rates and repayments will vary throughout the loan term.
Relatively lower interest rate
Many of these loans do not have the same features or flexibility as other variable loans
Intro Rate “Honeymoon” Loan
An introductory rate loan generally offers a guaranteed low rate for an initial period of time (usually 12 months) after which most will revert to the standard variable rate. The rate can be fixed or variable.
Sydney mortgage brokers tips: Advantages:
Usually the lowest rates on the market
Some lenders provide offset accounts on these loans
Opportunity to reduce the principal quickly during the ‘honeymoon’ period
Payments will increase after initial introductory/’honeymoon’ period, more information? Call our Sydney mortgage brokers at Call 1800 111 455 if you need our independent mortgage brokers Sydney advice.