Lightning Fast Home Loans - Variable Interest Rates

Types of loans

Variable Rate Home Loans

Home Loans with Variable Interest Rates

The most common loan type

A Standard Variable Home Loan is a common offer by banks and has been used by many people to buy properties. These home and investment loans have repayment periods of up to 30 years and are regularly used by home buyers today. However there are usually better deals to be found and traps to avoid which we can assist you with at Lightning Fast Home Loans.
For example: dont’t be misled by start-up lures – introductory or honeymoon rates!
Often lending institutions will offer a discounted start-up period with lower interest rates to motivate you to choose the loan.
The benefits of this discount (or honeymoon period) are short-lived as the remaining years on your loan are charged at a standard variable rate. There may be occasions when these are appropriate (such as when one borrower will receive an increased income in a year or two after completing study, returning to work after maternity leave etc), but we believe that a thorough discussion with us will ascertain whether this type of loan is the most suitable in your circumstances.

Advantages
Discipline - regular monthly, fortnightly or weekly repayments help you with budgeting.
Redraw - most institutions will allow you (subject to terms and conditions) to withdraw additional repayments you have made over and above the minimum repayment.
Offset - it may have the ability to offset credit balances held in other accounts at the same institution against the principal of the loan.
Extra repayments - these are usually allowed at any time.

Disadvantages
The interest rate is variable (apart from any start-up period) and the loan will be subject to interest rate fluctuations.
The interest rate is always higher than Low Frills Home Loan rates.

Low Rate Basic Loans

Fixed Rate Home Loans

Lo Doc Loans

Professional Loan Packages

Line Of Credit

Split Home Loans

Non-Conforming Loans

Bridging Loans

Consolidation Loan

Building/Construction Loans

Reverse Mortgages

Business Loans

Loan calculators

Low Rate Basic Loans
Variable Rate Home Loans	Home Loans with Variable Interest Rates The most common loan type A Standard Variable Home Loan is a common offer by banks and has been used by many people to buy properties. These home and investment loans have repayment periods of up to 30 years and are regularly used by home buyers today. However there are usually better deals to be found and traps to avoid which we can assist you with at Lightning Fast Home Loans. For example: dont’t be misled by start-up lures – introductory or honeymoon rates! Often lending institutions will offer a discounted start-up period with lower interest rates to motivate you to choose the loan. The benefits of this discount (or honeymoon period) are short-lived as the remaining years on your loan are charged at a standard variable rate. There may be occasions when these are appropriate (such as when one borrower will receive an increased income in a year or two after completing study, returning to work after maternity leave etc), but we believe that a thorough discussion with us will ascertain whether this type of loan is the most suitable in your circumstances. Advantages Discipline - regular monthly, fortnightly or weekly repayments help you with budgeting. Redraw - most institutions will allow you (subject to terms and conditions) to withdraw additional repayments you have made over and above the minimum repayment. Offset - it may have the ability to offset credit balances held in other accounts at the same institution against the principal of the loan. Extra repayments - these are usually allowed at any time. Disadvantages The interest rate is variable (apart from any start-up period) and the loan will be subject to interest rate fluctuations. The interest rate is always higher than Low Frills Home Loan rates.
Fixed Rate Home Loans
Lo Doc Loans
Professional Loan Packages
Line Of Credit
Split Home Loans
Non-Conforming Loans
Bridging Loans
Consolidation Loan
Building/Construction Loans
Reverse Mortgages
Business Loans

Loan calculators