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Sydney Mortgage
Revealed: Important new information for First Time Buyers.
With falling interest rates, now is definitely the time to refinance your home loan interest rate.
Is your home loan still a good deal? Our free home loan review will find out for you.

Introductory Loans

Introductory home loans are designed to attract borrowers with low interest rates for a set term.  Sometimes referred to as ‘honeymoon loans’ they typically offer a rate 1% to 2% lower than standard loans for an initial period of 6 to 12 months.  Introductory loans can be either fixed rate or variable rate. Introductory Loans

Once the introductory period ends, the loan usually reverts to a higher rate.  Therefore, you need to find out what the rate is likely to be at the end of the introductory period for your Sydney home loan.  Most lenders offer low-rate introductory loans and applications generally follow the same principles as with any home loan.  There will usually be fees and charges associated for early repayments, so any borrowers planning on taking out this type of loan need to consider carefully whether the restrictions placed on the loan, are worth the very low interest rates.

Interest Rates are Falling FAST.

Make sure you take advantage by speaking to a Sydney finance broker now. Just complete the form below
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Benefits:
•    Variable or fixed rates can be applied to the loan, depending on your personal choice
•    Borrowers can reduce the principal quickly by making extra repayments during the introductory period.
•    Paying low rates enables borrowers to use the extra cash for other projects
•    The low introductory rates are usually the lowest on the market
•    Allows borrowers time to adjust to mortgage repayments


Disadvantages:
•    The rate may revert to a higher than average rate once
      the ‘honeymoon’ period is over
•    Extra repayments will be limited on most introductory
      loans
•    Exit fees will apply should you wish to refinance your loan


These loans are suitable for first home buyers, and borrowers on a budget.  If you do not need extra features and options, you could benefit from the low introductory rates at the beginning of your home loan.



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