Often introductory or honeymoon rates are a con, enticing you with a low rate in the first 6 to 12 months and then, after the honeymoon, mugging you with a high standard variable rate.
Look for a fully featured basic variable rate that offers a competitive rate for the life of your loan rather than just a honeymoon period.
It depends on the time frame of your deal too. Short term loans may have high exit fees, so read the fine print.
Better still see a mortgage broker and get them to compare the lenders for you.
At Plan Assist, we compare most lenders home loan rates and fees everyday, with the latest information and comparison available for you to make informed decisions. Call us on 02 9449 2333 for a no-obligation loan strategy session.
About Me
- LoanHero aka (Anton Hammer)
- Property Investor, Developer, and Master of Finances. Specialising in development, construction, home loans, commercial, complex structures and effective methods of finance.
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