Cheap Home Loans - honeymoon home loans
Australian Best Home Loans : cheap home loans, best home loans,
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Cheap Home Loans
up to 1%
under
Bank
Standard Variable Rate !
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Cheap Honeymoon Loans
Honeymoon Loans or Cheap Home Loans offer borrowers a discounted rate of
interest for a limited introductory period (usually 6 – 12 months), after
which most loans will revert to the lenders standard variable rate of
interest. Honeymoon loans are generally marketed to young families or first
home buyers.
The main advantage of these loans is that they offer a mortgage at a rate
lower than most other home loans on the market, hence helping first time
buyers find the necessary funds to settle and still afford loan repayments in
the immediate post settlement period.
Some lenders impose hefty penalty fees, should the borrower decide to
refinance at the completion of the Honeymoon period. Therefore it is very
important to assess any Honeymoon loan for exit penalties before deciding to
proceed
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