Standard Variable Rate Home Loans is a standard variable rate home loan is one of the most popular mortgages around. For many borrowers, a standard home loan offers the right mix of features, flexibility, interest rate and fees.
This type of loan is particularly suitable if you want to make extra repayments without penalty, split your loan or access a line of credit. In return for these benefits, a standard variable rate mortgage will have a higher interest rate than a basic home loan.
At a glance
· repayment flexibility
· ability to make additional repayments
· redraw facility
· split loan feature
· portability
· may offer direct deposit salary, rental or dividend income, credit/debit card and line of credit facility
· can be used for building purposes
· higher interest rates
If you have any questions please feel free to contact us – Obligation free.
This type of loan is particularly suitable if you want to make extra repayments without penalty, split your loan or access a line of credit. In return for these benefits, a standard variable rate mortgage will have a higher interest rate than a basic home loan.
At a glance
· repayment flexibility
· ability to make additional repayments
· redraw facility
· split loan feature
· portability
· may offer direct deposit salary, rental or dividend income, credit/debit card and line of credit facility
· can be used for building purposes
· higher interest rates
If you have any questions please feel free to contact us – Obligation free.
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