home loan broker sydney | expressmortgagemarket

1. Home loan broker sydney| expressmortgagemarket.com.au Get A Better Deal With The Home Loan Broker Sydney Loves There are many different types of home loans that you can take advantage in Australia today, each with their own features and benefits. In fact, the choice is staggering. There are hundreds of mortgage lenders and thousands of home loan products so it’s no wonder most people find the process of choosing to be overwhelming and confusing. The market is also highly dynamic and changing all the time; the right lender for you today could well be the wrong choice just a few short years later. Express Mortgage Market makes it easy for you to navigate this complexity. Your personal home loan broker will first seek to understand your goals and circumstances before tapping our wide network of lenders to provide you with a shortlist of recommended home loan products matching your criteria. Below is a summary of the main home loan broker types currently available in Sydney and Australia. However nothing beats a quick chat with the home loan broker Sydney loves, Express Mortgage Market. Types of Home Loans According to Interest Rate Standard Variable Rate A standard variable rate home loan is known as a full-feature loan, which can provide you with a lot of flexibility such as additional repayments, redraws, and loan splitting. This is also regarded as the ‘benchmark rate’ and will often rise

2. or fall depending on the interest rate adjustments mandated by the Reserve Bank. Basic Variable Rate Often referred to as the ‘no frills’ loan, the basic variable rate home loan can provide you a cheaper variable option for borrowers who are not interested in any special features offered in a standard variable rate loan. Fixed Rate Loans This is where you ‘lock in’ your rate for a defined period so that you avoid possible future interest rate rises. Although you have the security of knowing your monthly repayments will not increase, you do not enjoy interest rate reductions that occur during your fixed period. Split Rate or Combination Loan With a split rate loan, you can get the best of both worlds, because you can choose to allocate a percentage of your loan amount for variable interest rate, and another for fixed rate.