Variable Rate Home Loans

Variable rate home loans allow you to take advantage of falling interest rates. With a variable rate loan the interest rate you pay on your home loan varies with the interest rate that is set by the reserve bank of Australia, this means that if interest rates fall so does the interest you pay on your home loan. Conversly, the down side is if interest rates rise you will be paying more interest on your home loan. Here we take a look at situations where you would consider taking out a variable rate home loan.

DOMDocument::loadXML(): Start tag expected, '<' not found in Entity, line: 2

Looking for a great value home loan with super fast approval?

Get Pre-Approval online & get a response in minutes with MyRate.

Choosing Between Variable Rate Home Loans

When your looking to take out a home loan you generally have two choices of interest rates, variable rate loans and fixed rate loans. When considering which loan type to take out, it is important to consider how you foresee interest rates, whether you think they are going to rise or fall. If you believe that interest rates are going to rise, then it may be more beneficial for you to consider a fixed rate loan, but if you think that interest rates are likely to fall, then it may be more beneficial for you to take out a variable rate loan.

Which Variable Loan to Choose

With so many mortgage providers offering variable rate home loans it can be hard to choose which loan is right for you. When considering a variable rate loan you should consider if it is the best option for your situation now and in the future. It is important to consider what impact an interest rate rise will have on your situation, can you cover the extra repayments?

Is a Split Variable Home Loan a Good Option?

Consider taking out a split variable loan with a partly fixed portion. Having a portion of your loan in a fixed interest situation allows you some protection should interest rates rise, whilst giving you the benefit of a variable rate for the remaining portion should interest rates fall.

DOMDocument::loadXML(): Start tag expected, '<' not found in Entity, line: 2

Digg this Post page to del.icio.us Post page to Furl

Home Loan Info.com.au

Home Loans Australia

Refinancing Information

Home Loan Information

Mortgage Broker Information

Featured Home Loan Information

Useful tips for buying a house Guide to buying a house

Buying a new home can be a daunting experience whether you are a first home buyer or an existing home owner. Here we provide home buyers with some tips on buying a new house.

Negative Gearing Calculator Online

Brisbane Home Loans Mortgage Options

When house hunting in Brisbane, there are a number of home loan options available to today's home purchaser. Fixed, variable or split rate home loans, the list goes on, but where to start? Here we take a look at some of the options to help you find the perfect home loan in Brisbane.

The benefits of using an independent mortgage broker

When it comes to finding the best home loan to suit your individual needs and financial circumstances, you generally have two options. You can do all the research yourself or you can get professional help from an independent mortgage broker. Here we look at the reasons why it pays to consider getting help from an independent mortgage broker.

Home Loan Redraw Facility How Can It Benefit You?

Today, there are many different innovative features available on home loans. Some of these features, including redraw facilities, can help you save money on the total interest costs of your home loan over the term of the loan. Here we look at the redraw facility and how it could benefit you.