Home Loans
Home Loan Finance Types Mr Mortgage can help you with
Mr Mortgage
Standard Variable Home Loan
The standard variable home loan is Mr Mortgage's most sought after home loan. The variable part means that the interest rate means that the interest rate will vary in line with market condition.
Right now interest rates appear to be heading down and this is good news for home buyers and home owners because it means that their monthly repayments will go down over time. In other periods it also means that the rates will rise and that would mean that your repayments will rise in line with rate rises. Its flexibility and its features make this loan the one most home buyers want.
My suggestion to you is to get in now whilst home loan rates are falling and pay off your loan as quickly as possible.
More about home loans: The most selected home loan is still the standard variable home loan. Budget driven shoppers may be tempted by the discount rates of the basic variable, but in the end they can't live without the flexibility of the standard variable home loan.