What are residential home loans?

RateCity StaffJun 29, 2010( 1 min read )

Residential home loans are home loans that exist for residential purposes as opposed to commercial gain and are available to those who are buying their own home, purchasing a block of land or building a home to live in.

There are two main types of residential home loans available to choose from, depending on your needs:

Variable residential home loans: This type of loan offers a variable interest rate which generally changes as the Reserve Bank of Australia’s (RBA) cash rate moves.
Fixed residential home loans: With this type of loan the interest rate is fixed for a certain term, usually up to 10 years.

Residential home loans can also feature a combination of part of the loan fixed and part a variable rate.

To find a home loan that suits your individual needs visit the RateCity home loan comparison page.

RateCity Staff

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Well Balanced Home Loan (Principal and Interest) (LVR 60%-80%)

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FAQs

The Rate Guarantee is RateCity putting its money where its mouth is. We believe that too many Australians are paying too much for their home loans. We’re so confident we can help Aussies save money, if we can’t beat your current rate, we’ll give you a $100 gift card.*

There are three reasons it pays to check your rate with the RateCity Rate Guarantee:

You can find out how much you could save on your home loan by switching to a loan with a lower interest rate
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What are residential home loans?

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Today's top home loans productsSelected based on performance and popularity on our site. RateCity may receive remuneration for referrals to these links and/or as a consequence of a consumer acquiring a product after following these links.

Well Balanced Home Loan (Principal and Interest) (LVR 60%-80%)

Smart Home Loan

Activate Prime Full Doc Home Loan (LVR 75%-80%)

Discount Offer Variable Home Loan ($200k+)

FAQs

Today's top home loans products