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.