Monday, February 21, 2005

Australian Home Loan Interest Rates

Home Loan Interest Rates

The Australian home loan interest rate guide on our web-site (click on link ablove) shows a range of rates for the most common loans from a good spread of lenders.

We update the interest rates on a regular basis so be sure to check back often.

It is important to recognize that the cheapest rate is not always the best. As is true with most things in life, you get what you pay for. Basic or no frills type loans may charge lower interest but it is usually at the expense of features that provide flexibility. For example there may be penalties for early repayment and fixed rate loans often have significant penalties if you decide to switch to variable.

Each type of loan has its advantages and disadvantages so it is important to find the best type of loan for your current and future situation.

We suggest you also contact a Mortgage Broker for advice on suitable options. They have access to a much greater range of products and lenders than banks.

Home Loan Types - Find the right one...