Resources: Home Loan Types

Intro Rate Home Loans


Also known as a honeymoon rate, this low interest rate is offered at the start of a loan to get the borrower started. After a set period the rate converts to a standard rate. Rates can be fixed or capped.


Advantages                                                             

  1. Normally the lowest available rates.
  2. Opportunity with a lower rate to pay down the principal quickly.

Disadvantages

  1. After a set period the rate converts to a standard rate.

To check out the latest Intro home loan rates click here.

Let a ratesonline broker contact you about an Introductory or Honeymoon Rate Home Loan.

 

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