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This is an information service. By browsing on the website and/or using our search tools, you are asking RateCity to provide you with information about Home Loans from multiple financial institutions. We will try to show you a range of products in response to your request for information. The search results do not include all provider sand may not compare all features relevant to you, for further details refer to our FSCG. The rating shown is only one factor to take into account when considering these products. See the rating methodology We are not a credit provider, and in giving you product information we are not making any suggestion or recommendation to you about a particular credit product. If you decide to apply for a Home Loan, you will deal directly with a financial institution, and not with RateCity.

Capped Home Loans

Capped home loans have a security feature similar to fixed home loans. Capped home loans however are not fixed at the one interest rate for a period of time, they are variable which means the rate can reduce and will only increase up to a specified rate according to the individual lender. The capped rate period is for a limited length of time and can vary according to each loan's terms. For example, a capped period can be for the first year of the loan, for the first two years, three years or five years, depending upon the loan terms. Capped home loans can be beneficial when interest rates are expected to increase but are generally at a higher rate than standard variable interest rates. Compare, search and apply for the best value home loans at RateCity.


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About Mortgages Articles

RateCity provides mortgage news and features, including a range of weekly stories and economic updates. By checking our mortgage news and features daily, you can ensure that you receive up to date, expert commentary on current financial and economic issues. Before you search, compare or apply for the best mortgage for you, help yourself understand the market by reading mortgage news and features at RateCity.

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