Tips: variable rate home loans


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Jan 8, 2009( 1 min read )

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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.

 

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