Variable home loans are the standard loans that most people apply for. This is because banks only allow you to fix your home loan rate for a few years, after which the interest rate begins to move with market trends.
Potential home owners applying for a variable loan also have the option of splitting their loan, so that a part of it is calculated at the fixed rate. This way, if rates rise, at least you will still be paying a low rate on part of your home loan.
Variable home loans also provide a lot of flexibility, so you can choose to make additional repayments, and redraw these repayments at your convenience.
Compare and find the most suitable variable rate home loan for you.