Basic Variable Interest Rate Loans
November 9, 2009 by geelong_finance_home_loans
Filed under Basic Variable Home Loans
Successful Money Management – servicing the Geelong finance market for over 10 years.
Basic variable loans are loans with lower interest rates, but with fewer features than a standard variable loan. The interest rate can rise or fall over the term of the loan. These loans are typically “no frills” products although there are more features being added by some lenders as the market becomes more competitive.
Can you please tell me should I be locking in my home loan rates right now or leaving them as variable.
Hi Sue thanks for your enquiry. Essentially the answer will be different for everybody as everyones circumstances are different. It really is a case of sitting down with you and seeing where you are at the moment, financially, and what your future financial goals are. Our Cashtrak system is a great resource which will show you what impact locking in your interest rates would have if you decided to do so now. Please feel free to contact us and we will arrange to catch up and give you a more definitive answer, absolutely free of course. Thanks Sue.