Standard Variable Home Loan Interest Rates
Every lender offers a standard variable home loan interest rates option. The interest rate on the loan changes with market interest rate changes. Commonly market changes occur because of the the economic climate at the time to which the Reserve Bank of Australia has increased or decreased the official cash rate.
As the interest rate increases or decreases, so does the minimum payment requirement on your mortgage. These can be for owner occupied properties or residential investment properties.
This loan is the most popular in Australia because of the flexibility and features offered.
Flexibility With Home Loans Repayments
These include paying your loan directly from your wages, making extra repayments and paying your loan off early.
Offset Mortgage Accounts
This means that funds held in a linked bank account reduce the amount of interest charged on your loan.
Home Loan Equity Redraw
This means that any extra payments you have made can be redrawn, or taken back out of the loan for you to use for any purpose.
Split Loan
The ability to have a portion ( or split ) of the loan with a fixed interest rate. This allows you to have peace of mind that a portion of the loan will not be effected by rising interest rates.
Talk to a Finance Ezi mortgage broker for the many home loans interest rates from banks and mortgage providers in Australia.
PHONE 1300 003 003 or send an online request
Home Loan Calculator
Want an understanding of mortgage repayments? Use our free online Home Loan Calculator.
