Resources: Home Loan Types
- Variable Rate Home Loans
This is the most common loan offered by lenders and with repayment periods of up to 30 years is used by many people to buy their homes . To motivate buyers to choose this type of loan lending......
- Fixed Rate Home Loans
With a fixed rate loan your interest rate and repayments are fixed for a set period, usually between one and five years. Most fixed loans will automatically default to a variable loan at the......
- Professional Package Home Loans
It is a common misconception that this loan is for professionals only and depending on the loan size can offer great interest rate discounts. In most cases the only requirement you need to......
- Intro Rate Home Loans
Also known as a honeymoon rate, this low interest rate is offered at the start of a loan to get the borrower started. After a set period the rate converts to a standard rate. Rates can be fixed or......
- Basic Home Loans
One of the most popular home loans. Commonly called ‘No Frills Loans' with rates that are generally cheaper than the Standard Variable Rate. They have very limited features and......
- Line of Credit Home Loans
A revolving line of credit that is secured against a property. It becomes a fully functional account so if cash is needed the borrower draws against that limit by either a debit card or cheque. The......
- Low Doc Home Loans
With people self-employed or employed on contract their income patterns do not let them qualify for a traditional type of loan. A low documentation loan allows them to self-certify their income......
- Non Conforming Home Loans
This is the loan for borrowers that do not meet 'standard' bank criteria which could include those with a poor credit history, small or no-deposit holders and non-residents. Advantages ......
- Reverse Mortgage Home Loans
This type of mortgage is available to residential property owners over 60. By using equity in the home it enables those eligible to release funds and these funds then act as an income......
- Split Home Loans Fixed and Variable Rates
This type of loan lets borrowers secure or fix part of the loan as well as let the remaining amount be put on a variable rate. A Split Home Loan is a cautious way of borrowing. ......
